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Property profile & analytics
OFF-MARKET
Bars & Pubs
120 Sprague Ave Spokane, WA 99202-1604
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3235272
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,925 SF
Lot
0.09 ac (4,013 SF)
APN
35202.0605
UPID
US90-3235272
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
-
Community Pint Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tri Nal Investments 2 LLC · 4 yrs held
Tri Nal Investments 2 LLC
since 2021
Last sale
$320,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,515
Tax year 2023
Assessed value
$256,760
Assessed 2024
Previous assessed
$166,660
+54.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$48,160
Assessed improvement
$208,600
Land market value
$48,160
Improvement market value
$208,600
Total market value
$256,760
Applied tax rate
14.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
0
Total area
1,925 SF
Lot
0.09 ac (4,013 SF)
APN
35202.0605
UPID
US90-3235272
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
Building & site characteristics
From public records
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
0
Lot
0.09 ac
Current owner
From public records · entity-resolved
Tri Nal Investments 2 LLC
Entity
Mailing address
1203 S MAPLE ST, SPOKANE, WA 99204-4142
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2021
$320,000
Tri Nal Investments 2 LLC
Wallin Community Properties LLC
Warranty Deed
$232,500 · Spokane Teachers Cu
Jan 9, 2017
$193,055
Wallin Community Props LLC
Camp,robert & Janet
Warranty Deed
$170,000 · Spokane Teachers Cu
Dec 18, 2007
$160,000
Robert Camp
Meyer,richard D
Warranty Deed
—
Aug 27, 2007
$38,500
Richard D Meyer
Casey,michael P
Warranty Deed
$78,000 · Budget Finance Co
Nov 15, 2002
$30,000
Michael P Casey
Balzer,tr
Grant Deed
$20,000 · Balzer Trust
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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