Back to Search
Property profile & analytics
FOR LEASE
Office buildings
1330 N Washington St Spokane, WA 99201
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-0108692
For Lease
1 / 11
$22 SF/Yr
1330 N Washington St, Spokane, WA 99201
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
159,815 SF
Lot
4.45 ac (193,669 SF)
APN
35181.0412
UPID
US90-0108692
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.56M
Comparable Approach
Comparable
$36.72M
Blend (final)
Blend
$32.64M
Owner & transaction history
State Of Washington
State Of Washington
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 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%
$40,685,000
6.5%
$37,555,000
7%
$34,870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$39,555,000
Current use
MEDICAL BUILDING
$38,010,000
Change: -4% · Conversion: Easy
RESTAURANT
$35,420,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$34,515,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$32.64M
Range $29.38M – $35.90M · ±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
$204 / 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
$231,348
Tax year 2023
Assessed value
$23,725,450
Assessed 2024
Previous assessed
$21,316,850
+11.3% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,549,350
Assessed improvement
$22,176,100
Land market value
$1,549,350
Improvement market value
$22,176,100
Total market value
$23,725,450
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1996
Heating
NONE
Buildings
3
Stories
2
Bathrooms
2
Total area
159,815 SF
Lot
4.45 ac (193,669 SF)
APN
35181.0412
UPID
US90-0108692
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
OFFICE BUILDING Current
Est. value
$39.6M
MEDICAL BUILDING
Est. value
$38.0M
RESTAURANT
Est. value
$35.4M
RETAIL STORES
Est. value
$34.5M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
1996
Heating
NONE
Stories
2
Buildings
3
Bathrooms
2
Lot
4.45 ac
Current owner
From public records · entity-resolved
State Of Washington
Individual
Mailing address
500 E PO BOX 41468TH DR STE #120, OLYMPIA, WA 98504-1468
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
—
State Of Washington
Alturas Rock Pointe West LLC
Deed
—
Feb 10, 2025
—
State Of Washington
Alturas Rock Pointe West LLC
Deed
—
Nov 22, 2023
—
State Of Washington
Rock Pointe West LLC
Lease
—
Apr 28, 2023
—
Alturas Rock Pointe West LLC
—
Deed
related
$2,310,000 · First Interstate Bank
Mar 29, 2023
$29,050,000
Alturas Rock Pointe West LLC
Rock Pointe West LLC
Bargain And Sale Deed
$19,180,000 · First Interstate Bank
Mar 29, 2023
—
Alturas Rock Pointe West LLC
—
Deed
related
—
Oct 2, 2017
—
Rock Pointe West LLC
—
Grant Deed
related
$22,000,000 · Bank Of America
Jun 2, 2014
—
Rock Pointe West LLC
Rock Pointe Noteholder LLC
Quit Claim Deed
—
May 23, 2014
$39,000,000
Rock Pointe Noteholder LLC
Blackstone Corp
Trustees Deed
related
—
Nov 21, 2005
$113,813,309
Rock Pointe Holdings LLC
Walter B Worthy
Warranty Deed
$70,630,000 · Citigroup Global Markets Realty Cor
May 3, 2002
—
Walter B Worthy
—
Deed Of Trust
related
$14,500,000 · Wells Fargo Financial Bank
Dec 21, 2000
—
Walter B Worthy
—
Deed Of Trust
related
$15,100,000 · Wells Fargo Bank
—
—
Walter B Worthy
—
Deed Of Trust
related
$1,250,000 · Wells Fargo Financial Bank
—
—
Walter B Worthy
—
Deed Of Trust
related
$1,250,000 · Wells Fargo Bank
—
—
Rock Pointe Holdings LLC
—
Deed Of Trust
related
$6,500,000 · Wf Capital INC
—
—
Rock Pointe Holdings LLC
—
Deed Of Trust
related
$3,500,000 · Abk LLC
—
—
Rock Point Holdings LLC
—
Loan Modification
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
