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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Banks
12509 Mirabeau Pkwy, Spokane Valley, WA 99216-1697
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-2869508
Property summary
AI-generated overview
This exceptional 2,300 square foot Class A office space is immediately available for sublease in the desirable Pinecroft Business Park, located in Spokane Valley. Built in 2019, this single-tenant suite is situated within a larger, one-story building totaling 30,805 square feet. The property boasts convenient amenities including access to an on-site exercise facility and executive boardroom, as well as a nearby restaurant. Parking is ample, with a ratio of five parking spaces per 1,000 square feet of leased space. The space is currently in shell condition, offering a tenant the opportunity to customize the build-out to their specific needs. A tenant improvement allowance is negotiable. The building is classified as Class A and is part of a single-building complex in Spokane County. This sublease presents a unique opportunity to secure high-quality office space in a vibrant business park with excellent amenities. The property features no elevators. Don't miss this chance to establish your business in a prime Spokane Valley location.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2019
Total area
112,300 SF
Lot
3.29 ac (143,307 SF)
APN
45033.0704
UPID
US90-2869508
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$964k
Blend (final)
Blend
$780k
Owner & transaction history
PINECROFT LLC
PINECROFT LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$7 / 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
$31,879
Tax year 2023
Assessed value
$3,286,030
Assessed 2024
Previous assessed
$3,011,630
+9.1% YoY
Effective rate
0.97%
On assessed value
Assessed land
$573,230
Assessed improvement
$2,712,800
Land market value
$573,230
Improvement market value
$2,712,800
Total market value
$3,286,030
Applied tax rate
146.0000
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
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
112,300 SF
Lot
3.29 ac (143,307 SF)
APN
45033.0704
UPID
US90-2869508
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
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
1
Lot
3.29 ac
Current owner
From public records · entity-resolved
PINECROFT LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12709 E MIRABEAU PKWY STE #10, SPOKANE VALLEY, WA 99216-1666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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