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Property profile & analytics
OFF-MARKET
Estimated value
$4,290,000
Medical Office Space
11909 Division St, Spokane, WA 99218-1903
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1806614
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
14,427 SF
Lot
1.49 ac (65,092 SF)
APN
36083.9199
UPID
US90-1806614
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Inland Oral Surgery Wandermere Dental Office
-
Spokane Chiropractic & Sports Injury Clinic Alternative Medicine Practice
-
Dr. David Gailey Dental Office
-
Caravel Autism Health Crisis Center Medical Clinic
-
Cory Glenn Cooper Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.58M
CAP Approach
CAP
$2.87M
Comparable Approach
Comparable
$3.24M
Blend (final)
Blend
$4.29M
Owner & transaction history
Staffield Family LLC · 4 yrs held
Staffield Family LLC
since 2021
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,845,000
ML approach
$5,575,000
CAP Approach
CAP Return
Estimation
6%
$3,105,000
6.5%
$2,865,000
7%
$2,660,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,430,000
Current use
OFFICE BUILDING
$3,610,000
Change: +5% · Conversion: Easy
RETAIL STORES
$3,325,000
Change: -3% · Conversion: Difficult
RESTAURANT
$3,200,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,850,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±10% · vs last sale $4.11M (Dec 10 2021)
Last sale anchor
$4.11M
Dec 10 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$297 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,199
Tax year 2023
Assessed value
$3,688,720
Assessed 2024
Previous assessed
$3,367,520
+9.5% YoY
Effective rate
0.93%
On assessed value
Assessed land
$650,920
Assessed improvement
$3,037,800
Land market value
$650,920
Improvement market value
$3,037,800
Total market value
$3,688,720
Applied tax rate
1,280.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
14,427 SF
Lot
1.49 ac (65,092 SF)
APN
36083.9199
UPID
US90-1806614
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Heating
NONE
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Staffield Family LLC
Entity
Mailing address
7215 E ARROYO HONDO RD, SCOTTSDALE, AZ 85266-1504
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$4,110,000
Staffield Family LLC
Field Of Dreams Enterprises LLC
Bargain And Sale Deed
—
Jul 13, 2021
—
Field Of Dreams Enterprises LLC
—
Deed
related
$2,808,000 · Umpqua Bank
Apr 5, 2016
—
Field Of Dreams Ents LLC
—
Trustees Deed
related
$2,120,000 · Inland Northwest Bk
Dec 30, 2015
$725,000
Field Of Dreams Ents LLC
First Church Of Open Bible
Warranty Deed
—
Feb 1, 2013
—
First Church Of The Open Bible
—
Deed Of Trust
related
$5,912,207 · Banner Bank
Feb 28, 2011
—
First Church Of The Open Bible
—
Deed Of Trust
related
$4,711,067 · Banner Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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