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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Retail space
12506 Sprague Ave, Spokane, WA 99216
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2749886
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
10,286 SF
Lot
0.9 ac (39,084 SF)
APN
45222.0448
UPID
US90-2749886
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
$1.64M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.70M
Owner & transaction history
Sidgill LLC · 5 yrs held
Sidgill LLC
since 2021
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+56.4%
Medical building
$2.4M
+48.8%
Restaurant
$2.3M
+38.6%
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
$1,990,000
ML approach
$1,885,000
CAP Approach
CAP Return
Estimation
6%
$1,780,000
6.5%
$1,640,000
7%
$1,525,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,645,000
Current use
OFFICE BUILDING
$2,575,000
Change: +56% · Conversion: Easy
MEDICAL BUILDING
$2,445,000
Change: +49% · Conversion: Difficult
RESTAURANT
$2,280,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,035,000
Change: +24% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,850,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,660,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.40M (Mar 12 2021)
Last sale anchor
$1.40M
Mar 12 2021
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
$165 / 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
$12,027
Tax year 2023
Assessed value
$1,201,270
Assessed 2024
Previous assessed
$1,075,370
+11.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$312,670
Assessed improvement
$888,600
Land market value
$312,670
Improvement market value
$888,600
Total market value
$1,201,270
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
10,286 SF
Lot
0.9 ac (39,084 SF)
APN
45222.0448
UPID
US90-2749886
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
RETAIL STORES Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1976
Heating
NONE
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Sidgill LLC
Entity
Mailing address
8404 E WOODLAND PARK DR, SPOKANE, WA 99217-9235
Ownership since
2021
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
Mar 12, 2021
$1,400,000
Sidgill LLC
Terry C Raugust
Warranty Deed
$966,000 · Mountain West Bank
Dec 20, 2012
$277,543
Raugust,terry C
Raugust Family Trust
Quit Claim Deed
related
—
Jan 5, 2012
—
Raugust Family Living Trust
Drt Farms INC
Deed In Lieu Of Foreclosure
—
Apr 15, 2011
$945,000
Drt Farm INC
Genova,james A
Warranty Deed
$700,000 · James A Genova
Apr 15, 2011
—
Genova,james A
Genova,carol A
Quit Claim Deed
related
—
—
—
Drt Farms INC
—
Deed Of Trust
related
$250,000 · Raugust Family Trust (rt)
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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