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Property profile & analytics
OFF-MARKET
Estimated value
$11,520,000
Hospitals
12606 Msn Ave Spokane Valley, WA 99216-3421
Individually Owned
9-yr Hold
Free & Clear
Property ID
US90-1469395
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1968
Total area
96,358 SF
Lot
7.96 ac (346,741 SF)
APN
45152.0605
UPID
US90-1469395
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
-
Kristofer Johnson, PA-C Medical Clinic
-
MultiCare Valley Hospital Family Birth Center Hospital
-
Dr. Merry M. Alto, MD Physician
-
Bringhurst Jade R MD Physician
-
Danielle Wolff Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.52M
Owner & transaction history
Multicare Health System · 9 yrs held
Multicare Health System
since 2017
5 recorded transactions
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$120 / 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
$5,768
Tax year 2023
Assessed value
$27,783,370
Assessed 2024
Previous assessed
$25,997,370
+6.9% YoY
Effective rate
0.02%
On assessed value
Assessed land
$4,854,370
Assessed improvement
$22,929,000
Land market value
$4,854,370
Improvement market value
$22,929,000
Total market value
$27,783,370
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1968
Heating
NONE
Buildings
3
Stories
2
Bathrooms
64
Total area
96,358 SF
Lot
7.96 ac (346,741 SF)
APN
45152.0605
UPID
US90-1469395
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
1968
Heating
NONE
Stories
2
Buildings
3
Bathrooms
64
Lot
7.96 ac
Current owner
From public records · entity-resolved
Multicare Health System
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 5299, TACOMA, WA 98415-0299
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
$40,494,000
Multicare Health System
Spokane Valley Washington Hosp
Grant Deed
—
Dec 15, 2014
—
Spokane Valley Wa Hospital Co
—
Loan Modification
related
$3,305,000 · Credit Suisse Ag
Dec 10, 2012
—
Valley Washington Hosp Spokane
—
Deed Of Trust
related
$1,600,000 · Credit Suisse Ag
May 30, 2008
—
Empire Health Services
—
Deed Of Trust
related
$20,000,000 · Madison Cap Co LLC
—
—
Spokane Valley Wa Hospital Co
—
Loan Modification
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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