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Property profile & analytics
OFF-MARKET
Office buildings
12701 Sprague Ave, Spokane Valley, WA 99216-0727
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1603876
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
150 SF
Lot
0.39 ac (17,000 SF)
APN
45153.3923
UPID
US90-1603876
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
-
RJ Henneberg, DDS Dental Office
-
Sunrise Dental Spokane Valley Dental Office
-
Accelerated Academy | Dental Assisting - Spokane Valley, WA Vocational School Training Center
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
Henneberg & Hsu Properties LLC · 6 yrs held
Henneberg & Hsu Properties LLC
since 2019
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
$15,736
Tax year 2023
Assessed value
$1,648,900
Assessed 2024
Previous assessed
$1,531,300
+7.7% YoY
Effective rate
0.95%
On assessed value
Assessed land
$136,000
Assessed improvement
$1,512,900
Land market value
$136,000
Improvement market value
$1,512,900
Total market value
$1,648,900
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
0
Total area
150 SF
Lot
0.39 ac (17,000 SF)
APN
45153.3923
UPID
US90-1603876
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
0
Lot
0.39 ac
Current owner
From public records · entity-resolved
Henneberg & Hsu Properties LLC
Entity
Mailing address
502 N DUNBARTON OAKS LN, LIBERTY LAKE, WA 99019-9593
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
—
Henneberg & Hsu Properties LLC
—
Deed
related
$796,835 · Bankcda
Mar 30, 2020
—
Henneberg & Hsu Properties LLC
—
Deed
related
$1,463,671 · Bankcda
Aug 7, 2019
$930,000
Henneberg & Hsu Properties LLC
Randall W Gallion
Warranty Deed
$800,000 · Bankcda
Dec 20, 2000
—
Sprague Group
Gallion,randall W & Carolyn M
Quit Claim Deed
related
—
May 28, 1997
$168,000
Randall W Gallion
Spokane INC
Grant Deed
—
—
—
Henneberg & Hsu Properties LLC
—
Deed Of Trust
related
$643,000 · Capital Matrix
—
—
Henneberg & Hsu Properties LLC
—
Loan Modification
related
$796,835 · Bankcda
—
—
Henneberg & Hsu Properties LLC
—
Loan Modification
related
$1,463,671 · Bankcda
—
—
Henneberg & Hsu Properties LLC
—
Deed Of Trust
related
$796,835 · Bankcda
—
—
Randall W Gallion
—
Deed Of Trust
related
$410,000 · Spokane Teachers Cu
—
—
Randall W Gallion
—
Deed Of Trust
related
$75,000 · Washington Trust Bank
—
—
Randall W Gallion
—
Deed Of Trust
related
$395,500 · Spokane Teachers Cu
—
—
Randall W Gallion
—
Deed Of Trust
related
$255,000 · Washington Trust 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.
Try Rey
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