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Property profile & analytics
OFF-MARKET
Estimated value
$13,100,000
Automotive properties
1208 3rd Ave Spokane, WA 99201-4608
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-2876529
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2018
Total area
54,100 SF
Lot
2.07 ac (90,000 SF)
APN
35192.2714
UPID
US90-2876529
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Larry H. Miller Downtown Honda Spokane Car Dealership
-
Larry H. Miller Downtown Honda Spokane Parts Department Auto Parts Store
-
Spokane Credit Center Car Dealership
-
Larry H. Miller Downtown Honda Spokane Service Department Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.52M
Blend (final)
Blend
$13.10M
Owner & transaction history
Chestnut Properties LLC · 1 yrs held
Chestnut Properties LLC
since 2024
Last sale
$13.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.4M
+25.2%
Medical building
$12.9M
+20.4%
Restaurant
$12.0M
+12.1%
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
$13,100,000
ML approach
$13,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,690,000
Current use
OFFICE BUILDING
$13,390,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$12,870,000
Change: +20% · Conversion: Difficult
RESTAURANT
$11,990,000
Change: +12% · Conversion: Difficult
RETAIL STORES
$11,685,000
Change: +9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,740,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,730,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$13.10M
Range $11.79M – $14.41M · ±10% · vs last sale $13.10M (Aug 26 2024)
Last sale anchor
$13.10M
Aug 26 2024
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
$242 / 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
$84,638
Tax year 2023
Assessed value
$8,679,100
Assessed 2024
Previous assessed
$7,392,100
+17.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,475,000
Assessed improvement
$6,204,100
Land market value
$2,475,000
Improvement market value
$6,204,100
Total market value
$8,679,100
Applied tax rate
10.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Total area
54,100 SF
Lot
2.07 ac (90,000 SF)
APN
35192.2714
UPID
US90-2876529
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
AUTO REPAIR, GARAGE Current
Est. value
$10.7M
OFFICE BUILDING
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$12.9M
RESTAURANT
Est. value
$12.0M
RETAIL STORES
Est. value
$11.7M
INDUSTRIAL (GENERAL)
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$8.7M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
COMMERCIAL (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
2018
Heating
NONE
Stories
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Chestnut Properties LLC
Entity
Mailing address
2905 N PREMIERE PKWY STE #300, DULUTH, GA 30097-5240
Ownership since
2024
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
Aug 26, 2024
$13,100,000
Chestnut Properties LLC
Lhm Sho LLC
Bargain And Sale Deed
—
Jan 4, 2022
$13,100,000
Lhm Sho LLC
Miller Family Real Estate LLC
Bargain And Sale Deed
—
Jan 4, 2022
—
Larry H Miller Corporation
Miller Family Real Estate LLC
Lease
—
Jun 28, 2021
—
Miller Family Real Estate LLC
—
Deed
related
$100,000,000 · Comerica Bank
Dec 28, 2012
$11,832,133
Miller Family Real Estate LLC
Coombs LLC
Grant Deed
—
—
—
Miller Fam R & E LLC
—
Deed Of Trust
related
$7,650,000 · Toyota Motor Credit
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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