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Property profile & analytics
OFF-MARKET
Assisted living facilities
1309 Evergreen Rd, Spokane Valley, WA 99216-3713
Trust Owned
Free & Clear
Property ID
US90-1561028
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1997
Total area
6,115 SF
Lot
4.29 ac (186,781 SF)
APN
45151.0924
UPID
US90-1561028
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
-
Courtland Place Retirement Community
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
Morse Family Trust
Morse Family Trust
since 2025
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
$48,992
Tax year 2023
Assessed value
$4,914,030
Assessed 2024
Previous assessed
$4,435,230
+10.8% YoY
Effective rate
1.00%
On assessed value
Assessed land
$700,430
Assessed improvement
$4,213,600
Land market value
$700,430
Improvement market value
$4,213,600
Total market value
$4,914,030
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
5
Stories
1
Units
12
Bathrooms
1
Total area
6,115 SF
Lot
4.29 ac (186,781 SF)
APN
45151.0924
UPID
US90-1561028
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
Heating
NONE
Stories
1
Buildings
5
Units
12
Bathrooms
1
Lot
4.29 ac
Current owner
From public records · entity-resolved
Morse Family Trust
Trust
Free & Clear · 0 yrs held
Mailing address
1309 N EVERGREEN RD, SPOKANE VALLEY, WA 99216-3713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
—
Morse Family Trust
Donald W Morse
Warranty Deed
—
Dec 17, 2024
—
Courtland Apartments LLC
Wilson Coghlan LLC
Warranty Deed
$2,500,000 · Us Bank NA
Apr 27, 2017
—
Wilson Coghlan LLC
—
Deed
related
$1,945,170 · State Bank Northwest
Jul 31, 2006
—
Evergreen Fountains LLC
Wilson-coghlan LLC
Warranty Deed
related
—
Dec 2, 2003
—
Wilson-coghland LLC
—
Deed Of Trust
related
$1,250,000 · Banner Bank
Aug 10, 2001
$1,032,447
Coghlan Family Corp
Ameracare INC
Trustees Deed
—
Aug 10, 2001
$560,515
Coghlan Family Corp
Ameracare INC
Trustees Deed
—
Apr 24, 1997
—
Ameracare INC
—
Deed Of Trust
related
$1,510,000 · Old Standard Life Insurance Co
—
—
Ameracare INC
—
Deed Of Trust
related
$700,000 · Coghlan Family Corp
—
—
Wilson-coughlan LLC
—
Deed Of Trust
related
$1,828,170 · Banner Bank
—
—
Wilson-coghlan LLC
—
Deed Of Trust
related
$1,750,000 · Banner Bank
—
—
Amercare INC
—
Deed Of Trust
related
$1,000 · Individual
—
—
Ameracare INC
—
Deed Of Trust
related
$300,000 · Individual
—
—
Ameracare INC
—
Deed Of Trust
related
$400,000 · Coghlan Family Corp
—
—
Wilson-coghlan LLC
—
Deed Of Trust
related
$1,866,233 · Banner Bank
—
—
Ameracre INC
—
Deed Of Trust
related
$50,000 · Individual
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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