New search
Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Turn key restaurants
1318 1st Ave Spokane, WA 99201-4114
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2812425
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1917
Total area
7,750 SF
Lot
0.36 ac (15,500 SF)
APN
35192.0112
UPID
US90-2812425
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
-
Brick West Brewing Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$984k
Blend (final)
Blend
$710k
Owner & transaction history
Watts Project LLC · 8 yrs held
Watts Project LLC
since 2018
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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$92 / 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
$15,870
Tax year 2023
Assessed value
$1,626,400
Assessed 2024
Previous assessed
$1,546,300
+5.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$682,000
Assessed improvement
$944,400
Land market value
$682,000
Improvement market value
$944,400
Total market value
$1,626,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1917
Heating
NONE
Buildings
2
Stories
1
Total area
7,750 SF
Lot
0.36 ac (15,500 SF)
APN
35192.0112
UPID
US90-2812425
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
1917
Heating
NONE
Stories
1
Buildings
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Watts Project LLC
Entity
Free & Clear · 8 yrs held
Mailing address
915 W 2ND AVE, SPOKANE, WA 99201-4501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2019
—
Watts Project LLC
—
Deed
related
$1,017,500 · Craft3
Jun 14, 2019
—
Watts Project LLC
—
Deed
related
$925,000 · Craft3
Mar 1, 2019
—
Watts Project LLC
—
Grant Deed
related
$3,000,000 · Numerica Cu
May 8, 2018
$24,035
Watts Project LLC
Stulc Property Investments LLC
Warranty Deed
—
Feb 28, 2017
$1,300,000
Stulc Property Investments LLC
Cgl Properties LLC
Warranty Deed
$1,000,000 · Cgl Properties LLC
Jun 22, 2009
—
Cgl Properties LLC
Little,charles G
Quit Claim Deed
related
—
—
—
Watts Project LLC
—
Loan Modification
related
$1,017,500 · Craft3
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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