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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Assisted living facilities
12016 Cataldo Ave Spokane Valley, WA 99206-4963
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0969310
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1994
Total area
25,314 SF
Lot
2.4 ac (104,517 SF)
APN
45161.1169
UPID
US90-0969310
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
-
Colonial Court Assisted Living and Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Veda Spokane Cataldo LLC · 2 yrs held
Veda Spokane Cataldo LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+163.6%
Restaurant
$2.4M
+155.5%
Medical building
$2.3M
+141.7%
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
Method
Estimation
Statistic approach
$1,825,000
ML approach
$1,760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,520,000
Change: +164% · Conversion: Difficult
RESTAURANT
$2,440,000
Change: +156% · Conversion: Difficult
MEDICAL BUILDING
$2,310,000
Change: +142% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,020,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,785,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$1,450,000
Change: +52% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,435,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $2.50M (Sep 1 2023)
Last sale anchor
$2.50M
Sep 1 2023
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
$73 / 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
$30,584
Tax year 2023
Assessed value
$3,152,970
Assessed 2024
Previous assessed
$3,004,970
+4.9% YoY
Effective rate
0.97%
On assessed value
Assessed land
$418,070
Assessed improvement
$2,734,900
Land market value
$418,070
Improvement market value
$2,734,900
Total market value
$3,152,970
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
1994
Heating
NONE
Stories
1
Bathrooms
49
Total area
25,314 SF
Lot
2.4 ac (104,517 SF)
APN
45161.1169
UPID
US90-0969310
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
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1994
Heating
NONE
Stories
1
Bathrooms
49
Lot
2.4 ac
Current owner
From public records · entity-resolved
Veda Spokane Cataldo LLC
Entity
Mailing address
2598 E GRANDVIEW DR, COEUR D ALENE, ID 83815-7903
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
$2,500,000
Veda Spokane Cataldo LLC
Sarff Investments LLC
Warranty Deed
$1,500,000 · Washington Trust Bank
Mar 13, 2023
—
Harold J Sarff
Lake Air Development LLC
Quit Claim Deed
related
—
Jan 22, 2019
—
Lake Air Dev LLC
Sarff,harold J
Quit Claim Deed
related
—
Dec 27, 2017
—
Sarff Investmetns LLC
—
Deed
related
$50,000 · Banner Bank
Apr 7, 2015
—
Harold J Sarff
Sarff Investments LLC
Quit Claim Deed
related
—
Oct 23, 2008
—
Sarff Investments LLC
Sarff,harold M & Geraldine A
Quit Claim Deed
related
—
Sep 19, 2008
—
Sarff Investments LLC
Sarff H & G Living Trust
Quit Claim Deed
related
—
—
—
Sarff Investments LLC
—
Deed Of Trust
related
—
—
—
Sarff Investments LLC
—
Deed Of Trust
related
$3,750,000 · Banner Bank
—
—
Harold M Sarff
—
Deed Of Trust
related
$3,600,000 · Sterling Savings Bank
—
—
Harold M Sarff
—
Deed Of Trust
related
$210,000 · Sterling Savings 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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