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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Hotels
123 Post St, Spokane, WA 99201-3913
Entity Owned
12-yr Hold
Free & Clear
Property ID
US90-0008288
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1959
Total area
9,018 SF
Lot
0.42 ac (18,226 SF)
APN
35192.5302
UPID
US90-0008288
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
-
Steam Plant Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$880k
Owner & transaction history
Gvd Commercial Properties INC · 12 yrs held
Gvd Commercial Properties INC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+87.2%
Commercial (general)
$1.1M
+46.9%
Restaurant
$930,000
+21.0%
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
by Request
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$770,000
Current use
OFFICE BUILDING
$1,435,000
Change: +87% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,125,000
Change: +47% · Conversion: Difficult
RESTAURANT
$930,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$820,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$725,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$98 / 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
$23,122
Tax year 2023
Assessed value
$2,370,120
Assessed 2024
Previous assessed
$1,835,250
+29.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$501,220
Assessed improvement
$1,868,900
Land market value
$501,220
Improvement market value
$1,868,900
Total market value
$2,370,120
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1959
Heating
NONE
Stories
3
Units
53
Total area
9,018 SF
Lot
0.42 ac (18,226 SF)
APN
35192.5302
UPID
US90-0008288
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
HOTEL/MOTEL Current
Est. value
$770,000
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$930,000
MEDICAL BUILDING
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$725,000
HOTEL/MOTEL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1959
Heating
NONE
Stories
3
Units
53
Lot
0.42 ac
Current owner
From public records · entity-resolved
Gvd Commercial Properties INC
Entity
Free & Clear · 12 yrs held
Mailing address
1915 E KATELLA AVE STE A, ORANGE, CA 92867-5110
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2013
$2,433,000
Gvd Commercial Properties INC
Hwang,jae Y & Hak S
Warranty Deed
—
Jan 18, 2007
$1,900,000
Jae Y Hwang
Kim,yunwha
Warranty Deed
$1,690,000 · Pacific City Bank
May 27, 2004
$1,580,000
Yunwha Kim
Guenther Management LLC
Grant Deed
$1,450,000 · City Bank
Dec 8, 2000
$40,000
Guenther Management LLC
Burlington Northern & Santa Fe
Quit Claim Deed
related
—
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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