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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
124 Rowan Ave Spokane, WA 99207-1214
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0878357
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
3,454 SF
Lot
0.52 ac (22,850 SF)
APN
36323.1928
UPID
US90-0878357
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
-
Dr. John F. Long, Do Physician Medical Clinic
-
Medical Foot Center Medical Clinic
-
Darron Woolley, DPM Physician
-
Stewart P. Brim, DPM Physician
-
Robert G. Haddad, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$477k
Blend (final)
Blend
$695k
Owner & transaction history
124 E Rowan LLC · 14 yrs held
124 E Rowan LLC
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$865,000
+5.2%
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
$525,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$820,000
Current use
OFFICE BUILDING
$865,000
Change: +5% · Conversion: Easy
RETAIL STORES
$820,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$201 / 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
$13,701
Tax year 2023
Assessed value
$1,403,950
Assessed 2024
Previous assessed
$1,287,700
+9.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$205,650
Assessed improvement
$1,198,300
Land market value
$205,650
Improvement market value
$1,198,300
Total market value
$1,403,950
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Stories
2
Total area
3,454 SF
Lot
0.52 ac (22,850 SF)
APN
36323.1928
UPID
US90-0878357
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
MEDICAL BUILDING Current
Est. value
$820,000
OFFICE BUILDING
Est. value
$865,000
RETAIL STORES
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$685,000
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1986
Heating
NONE
Stories
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
124 E Rowan LLC
Entity
Mailing address
124 E ROWAN AVE, SPOKANE, WA 99207-1214
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2020
—
124 E Rowan LLC
—
Deed
related
$490,000 · Spokane Teacher Cu
Jul 31, 2012
$950,000
124 E Rowan LLC
North Spokane Family Health
Warranty Deed
$725,000 · North Spokane Family Health Ce
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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