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Property profile & analytics
FOR SALE
Banks
1311 N Washington St Spokane, WA 99201
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1456868
For Sale
1 / 20
$715,000
1311 N Washington St, Spokane, WA 99201
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1948
Total area
18,250 SF
Lot
0.86 ac (37,500 SF)
APN
35181.2419
UPID
US90-1456868
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
-
Jon Meyers Realtor Real Estate Agency
-
SVN Cornerstone Real Estate Agency
-
Leland & Company Real Estate | RE/MAX Inland Empire Real Estate Agency
-
John Guarisco, RE/MAX Inland Empire Real Estate Agency
-
Lennie Rasmussen Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$890k
Blend (final)
Blend
$715k
Owner & transaction history
Board Of Industrial Insurance Appea · 1 yrs held
Board Of Industrial Insurance Appea
since 2025
Last sale
$8,668
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $9k (Nov 10 2024)
Last sale anchor
$9k
Nov 10 2024
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
$39 / 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
$16,491
Tax year 2023
Assessed value
$1,690,100
Assessed 2024
Previous assessed
$1,503,000
+12.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$300,000
Assessed improvement
$1,390,100
Land market value
$300,000
Improvement market value
$1,390,100
Total market value
$1,690,100
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1948
Heating
NONE
Stories
1
Total area
18,250 SF
Lot
0.86 ac (37,500 SF)
APN
35181.2419
UPID
US90-1456868
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
1948
Heating
NONE
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Board Of Industrial Insurance Appea
Individual
Mailing address
1311 N WASHINGTON ST STE D, SPOKANE, WA 99201-5126
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2025
$8,668
Board Of Industrial Insurance Appea
Rubys Rock LLC
Deed
—
Jul 24, 2018
—
Ruby S Rock LLC
—
Deed
related
$2,100,000 · Inland Northwest Bank
Dec 1, 2008
—
Rubys Rock LLC
C 1031 Properties INC
Quit Claim Deed
related
—
Mar 14, 2008
$925,000
Rubys Rock LLC
Vmmmmm LLC
Warranty Deed
$825,000 · Vmmmmm LLC
Feb 22, 2008
—
Parr-tacke Trust
Wolff,lionel M L
Quit Claim Deed
related
—
Jan 8, 2007
—
Vmmmmm LLC
Vincent & Margaret Moore
Quit Claim Deed
related
—
—
—
Rubys Rock LLC
—
Deed Of Trust
related
$2,322,223 · Mountain West Bank NA
—
—
Rubys Rock LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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