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Property profile & analytics
OFF-MARKET
Estimated value
$4,320,000
Commercial real estate
1310 6th Ave Spokane, WA 99204-3272
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0267627
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
STEEL FRAME
Total area
30,636 SF
Lot
0.82 ac (35,565 SF)
APN
35192.4107
UPID
US90-0267627
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
-
Made For More Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.63M
Comparable Approach
Comparable
$4.19M
Blend (final)
Blend
$4.32M
Owner & transaction history
Adams Place Apartments LLC · 12 yrs held
Adams Place Apartments LLC
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.1M
+42.7%
Restaurant
$6.8M
+37.4%
Auto repair, garage
$6.1M
+22.5%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,100,000
6.5%
$5,630,000
7%
$5,225,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,945,000
Current use
RETAIL STORES
$7,055,000
Change: +43% · Conversion: Easy
RESTAURANT
$6,790,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,055,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,515,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±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
$141 / 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
$32,279
Tax year 2023
Assessed value
$3,309,300
Assessed 2024
Previous assessed
$2,346,700
+41.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$355,650
Assessed improvement
$2,953,650
Land market value
$355,650
Improvement market value
$2,953,650
Total market value
$3,309,300
Applied tax rate
10.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
STEEL FRAME
Heating
NONE
Stories
3
Units
30
Bathrooms
30
Total area
30,636 SF
Lot
0.82 ac (35,565 SF)
APN
35192.4107
UPID
US90-0267627
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
RETAIL STORES
Est. value
$7.1M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
STEEL FRAME
Heating
NONE
Stories
3
Units
30
Bathrooms
30
Lot
0.82 ac
Current owner
From public records · entity-resolved
Adams Place Apartments LLC
Entity
Mailing address
24549 NE 118TH PL, REDMOND, WA 98053-5679
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Adams Place Apartments LLC
—
Deed
related
$2,105,000 · Boeing Employees Cu
Feb 5, 2014
—
Adams Place Apartments LLC
Ks West Investments LLC
Quit Claim Deed
related
—
Oct 26, 2011
$793,425
Ks West Investments LLC
Doesburg,gregory K
Warranty Deed
—
Jun 22, 1999
$875,000
Gregory K Doesburg
Harrington,robert B
Grant Deed
$574,000 · Sterling Savings Bank
—
—
Ks West Investment LLC
—
Deed Of Trust
related
$900,000 · Inland Northwest Bank
—
—
Greg Doesburg
—
Deed Of Trust
related
$760,000 · Sterling Savings 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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