New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,160,000
Assisted living facilities
1201 Evergreen Rd, Spokane Valley, WA 99216-5095
Entity Owned
10-yr Hold
Free & Clear
Property ID
US90-2477918
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2006
Total area
157,232 SF
Lot
3.28 ac (143,035 SF)
APN
45151.0925
UPID
US90-2477918
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
-
Evergreen Fountains Senior Living Community Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.16M
Owner & transaction history
Evergreen Ftns R & E Phase 2 LLC · 10 yrs held
Evergreen Ftns R & E Phase 2 LLC
since 2016
7 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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$14 / 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
$177,841
Tax year 2023
Assessed value
$18,719,080
Assessed 2024
Previous assessed
$17,117,020
+9.4% YoY
Effective rate
0.95%
On assessed value
Assessed land
$536,380
Assessed improvement
$18,182,700
Land market value
$536,380
Improvement market value
$18,182,700
Total market value
$18,719,080
Applied tax rate
144.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Rooms
7
Bathrooms
6
Total area
157,232 SF
Lot
3.28 ac (143,035 SF)
APN
45151.0925
UPID
US90-2477918
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
7
Bathrooms
6
Lot
3.28 ac
Current owner
From public records · entity-resolved
Evergreen Ftns R & E Phase 2 LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1201 N EVERGREEN RD, SPOKANE VALLEY, WA 99216-5094
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2019
—
Evergreen Fountains R & E LLC
—
Deed
related
$11,850,500 · Barings Multifamily Cap LLC
Jun 29, 2017
—
Evergreen Fountains R & E LLC
—
Deed
related
$11,850,500 · Barings Multifamily Cap LLC
Feb 8, 2016
—
Evergreen Ftns R & E Phase 2 LLC
Evergreen Fountains LLC
Quit Claim Deed
related
—
—
—
Evergreen Fountains R & E LLC
—
Loan Modification
related
$11,850,500 · Barings Multifamily Cap LLC
—
—
Evergreen Fountains LLC
—
Deed Of Trust
related
$15,562,500 · Intervest Mortgage Co LLC
—
—
Evergreen Fountains Real Estat
—
Deed Of Trust
related
$15,529,800 · Acre Cap
—
—
Evergreen Fountains R & E LLC
—
Loan Modification
related
$11,850,500 · Barings Multifamily Cap LLC
—
—
Evergreen Fountains R & E LLC
—
Loan Modification
related
$15,529,800 · Barings Multifamily Cap LLC
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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