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Property profile & analytics
OFF-MARKET
Flex space
1337 Grand Blvd Spokane, WA 99202-1136
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0959505
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1991
Construction
STEEL FRAME
Total area
4,767 SF
Lot
0.2 ac (8,892 SF)
APN
35203.3313
UPID
US90-0959505
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 Aiko Connections Photography Service (Bike/Boat/Book/etc) Store
-
Rachelle's massage Alternative Medicine Practice Spa & Massage Center
-
The Careshop Health and Wellness Co-Operative Gym & Fitness Center Alternative Medicine Practice
-
Hair By Jer Hair Salon
-
Crystal Connects BodyMind Coaching & BodyWork (located in The Careshop) Life Coach
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark R Schuetzle · 6 yrs held
Mark R Schuetzle
since 2020
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,015
Tax year 2023
Assessed value
$1,538,740
Assessed 2024
Previous assessed
$1,422,140
+8.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$177,840
Assessed improvement
$1,360,900
Land market value
$177,840
Improvement market value
$1,360,900
Total market value
$1,538,740
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
4,767 SF
Lot
0.2 ac (8,892 SF)
APN
35203.3313
UPID
US90-0959505
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
1991
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mark R Schuetzle
Individual
Mailing address
3102 N BELT ST, SPOKANE, WA 99205-2582
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
—
Mark R Schuetzle
—
Deed
related
$200,000 · State Bank Northwest
Dec 9, 2016
—
Mark R Schuetzle
—
Deed
related
$1,003,000 · Upf Washington Incorporated
—
—
Jack Evenoff
—
Deed Of Trust
related
$650,000 · Global FCU
—
—
Mark R Schuetzle
—
Deed Of Trust
related
$800,000 · Global FCU
—
—
Shirley Evenoff
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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