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Property profile & analytics
OFF-MARKET
Outlet malls
12609 Sprague Ave Spokane Valley, WA 99216-0768
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0077865
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1972
Construction
STEEL FRAME
Total area
4,340 SF
Lot
0.91 ac (39,610 SF)
APN
45153.3803
UPID
US90-0077865
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
-
Bruttles Gourmet Candies Specialty Food Shop Candy Store
-
the.Fizz Hair Salon Nail Salon
-
Lucca Bella & Co. Cosmetic Store
-
Beauty By Svetlana Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jade Trading Co LLC · 9 yrs held
Jade Trading Co LLC
since 2017
7 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
—
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
$5,601
Tax year 2023
Assessed value
$518,780
Assessed 2024
Previous assessed
$498,680
+4.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$316,880
Assessed improvement
$201,900
Land market value
$316,880
Improvement market value
$201,900
Total market value
$518,780
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
4,340 SF
Lot
0.91 ac (39,610 SF)
APN
45153.3803
UPID
US90-0077865
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
1972
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Jade Trading Co LLC
Entity
Mailing address
4000 138TH ST SE, MILL CREEK, WA 98012-8973
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2017
—
Jade Trading Co LLC
Jade Trading Co LLC
Quit Claim Deed
related
$1,900,000 · Miscellaneous Ins Co
Jan 19, 2007
$3,500,000
Jade Trading Co LLC
Cherry Hill Orchards Wenatchee LLC
Warranty Deed
$2,500,000 · Countrywide Cmrcl Real Estate Fin INC
Aug 28, 2006
—
R U Hungry LLC
—
Deed Of Trust
related
$4,800,000 · Merrill Lynch Capital
Jul 14, 2004
$2,775,000
Cherry Hill Orchards Wenatchee
Eagle Watch Investments INC
Warranty Deed
—
Dec 23, 2002
$2,350,000
Eagle Watch Investments INC
Opportunity Plaza LLC
Grant Deed
$1,780,857 · American West Bank
Apr 7, 1998
—
Opportunity Plaza LLC
Penny,john D & Carol V
Grant Deed
related
—
Feb 3, 1997
$818,450
John D Penny
Grafos,dean & Elizabeth
Grant Deed
$1,612,500 · Wells Fargo Bank
—
—
Eagle Watch Investments INC
—
Deed Of Trust
related
$1,780,000 · Banner Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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