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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Apartment buildings
1310 College Ave Spokane, WA 99201-2048
Entity Owned
9-yr Hold
Property ID
US90-2959891
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
18,500 SF
Lot
0.67 ac (29,272 SF)
APN
35183.1916
UPID
US90-2959891
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
-
The Millennium Apartments Apartment Building Apartment Complex
-
Results Direct Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.83M
Comparable Approach
Comparable
$3.69M
Blend (final)
Blend
$3.40M
Owner & transaction history
Centennial Prop Developers LLC · 9 yrs held
Centennial Prop Developers 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 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%
$3,065,000
6.5%
$2,830,000
7%
$2,630,000
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±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
$184 / 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
$2,010
Tax year 2023
Assessed value
$5,627,700
Assessed 2024
Previous assessed
$3,714,800
+51.5% YoY
Effective rate
0.04%
On assessed value
Assessed land
$204,900
Assessed improvement
$5,422,800
Land market value
$204,900
Improvement market value
$5,422,800
Total market value
$5,627,700
Applied tax rate
12.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Heating
NONE
Stories
3
Total area
18,500 SF
Lot
0.67 ac (29,272 SF)
APN
35183.1916
UPID
US90-2959891
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
2018
Heating
NONE
Stories
3
Lot
0.67 ac
Current owner
From public records · entity-resolved
Centennial Prop Developers LLC
Entity
Mailing address
PO BOX 8605, SPOKANE, WA 99203-0605
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2021
—
Centennial Property Developers LLC
—
Deed
related
$5,500,000 · Numerica Cu
Aug 6, 2018
—
Centennial Prop Developers LLC
—
Deed
related
$3,725,000 · Inland Northwest Bk
Jun 14, 2017
—
Centennial Prop Developers LLC
—
Grant Deed
related
$3,625,000 · Inland Northwest Bk
Jun 6, 2017
—
Centennial Prop Developers LLC
Yu & Chiang LLC
Quit Claim Deed
related
—
Jan 12, 2017
—
Yu & Chiang LLC
—
Deed
related
$501,990 · Inland Northwest Bk
Nov 30, 2016
$47,500
Yu & Chiang LLC
Beyer,michael J & Brenda A
Warranty Deed
—
Nov 30, 2016
—
Michael J Beyer
Fox Alfred Trust
Quit Claim Deed
related
—
—
—
Yu & Chiang LLC
—
Deed Of Trust
related
$501,990 · Inland Northwest Bk
—
—
Centennial Prop Developers LLC
—
Loan Modification
related
$3,725,000 · Inland Northwest Bk
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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