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Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Warehouses
12006 Mayfair Rd Spokane, WA 99218
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0268843
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
17,280 SF
Lot
6.28 ac (273,345 SF)
APN
36082.9196
UPID
US90-0268843
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.59M
Owner & transaction history
Secure It Self Storage LLC · 4 yrs held
Secure It Self Storage LLC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+97.8%
Retail stores
$4.0M
+91.5%
Restaurant
$3.8M
+84.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,575,000
6.5%
$2,375,000
7%
$2,205,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,080,000
Current use
MEDICAL BUILDING
$4,110,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$3,980,000
Change: +91% · Conversion: Moderate
RESTAURANT
$3,830,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,415,000
Change: +64% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,110,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±10%
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
$150 / 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
$83,035
Tax year 2023
Assessed value
$8,875,330
Assessed 2024
Previous assessed
$8,041,260
+10.4% YoY
Effective rate
0.94%
On assessed value
Assessed land
$2,323,430
Assessed improvement
$6,551,900
Land market value
$2,323,430
Improvement market value
$6,551,900
Total market value
$8,875,330
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
NONE
Buildings
15
Stories
1
Total area
17,280 SF
Lot
6.28 ac (273,345 SF)
APN
36082.9196
UPID
US90-0268843
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
WAREHOUSE, STORAGE Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2003
Heating
NONE
Stories
1
Buildings
15
Lot
6.28 ac
Current owner
From public records · entity-resolved
Secure It Self Storage LLC
Entity
Mailing address
1402 E MAGNESIUM RD STE #202, SPOKANE, WA 99217-7781
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
—
Secure It Self Storage LLC
—
Deed
related
$8,750,000 · Washington Trust Bank
—
—
Secure-it Self Storage LLC
—
Deed Of Trust
related
$3,350,000 · Numerica Cu
—
—
Secure-it Self Storage LLC
—
Deed Of Trust
related
$1,800,000 · Numerica Cu
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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