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Property profile & analytics
FOR SALE
Banks
1220 N Howard St Spokane, WA 99201
Entity Owned
~
Est. High Equity
Property ID
US90-0555321
For Sale
1 / 10
$625,000
1220 N Howard St, Spokane, WA 99201
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,197 SF
Lot
0.12 ac (5,425 SF)
APN
35181.3511
UPID
US90-0555321
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
-
Genesis Institute Training Center
-
Rebuilt Treatment and Recovery Medical Clinic
-
M.A.D. Co. Lab Studios Art Cafe Art Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$368k
Blend (final)
Blend
$575k
Owner & transaction history
Rebuilt Treatment And Recovery LLC
Rebuilt Treatment And Recovery LLC
since 2025
Last sale
$587,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$545,000
+45.5%
Medical building
$525,000
+39.8%
Retail stores
$475,000
+27.0%
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
$550,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$375,000
Current use
OFFICE BUILDING
$545,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$525,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$435,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$355,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $587k (Dec 29 2025)
Last sale anchor
$587k
Dec 29 2025
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
$262 / 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
$2,888
Tax year 2023
Assessed value
$584,400
Assessed 2024
Previous assessed
$524,700
+11.4% YoY
Effective rate
0.49%
On assessed value
Assessed land
$43,400
Assessed improvement
$541,000
Land market value
$43,400
Improvement market value
$541,000
Total market value
$584,400
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,197 SF
Lot
0.12 ac (5,425 SF)
APN
35181.3511
UPID
US90-0555321
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
FINANCIAL BUILDING Current
Est. value
$375,000
OFFICE BUILDING
Est. value
$545,000
MEDICAL BUILDING
Est. value
$525,000
RETAIL STORES
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$355,000
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Rebuilt Treatment And Recovery LLC
Entity
Mailing address
60 N CHIEF GARRY DR, LIBERTY LAKE, WA 99019-8659
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
$587,000
Rebuilt Treatment And Recovery LLC
Viking Holdings LLC
Warranty Deed
$590,000 · Washington State Department Of Comm
Feb 25, 2025
—
Viking Holdings LLC
—
Deed
related
$150,000 · Idaho Central Cu
Jul 12, 2023
$585,000
Viking Holdings LLC
Genesis Instute INC
Warranty Deed
$491,250 · Bank Of Idaho
Dec 18, 2020
—
Genesls Institute INC
—
Deed
related
$226,000 · Numerica Cu
Jan 14, 2011
$500,000
Genesis Institute INC
Ressa,jerry
Warranty Deed
$385,000 · Randy M Absalonson
—
—
Jerry F Ressa
—
Deed Of Trust
related
$250,000 · Wells Fargo Bank
—
—
Jerry F Ressa
—
Deed Of Trust
related
$175,000 · Us 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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