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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Office buildings
14 Graves Rd Spokane, WA 99218-2319
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1603874
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
4,533 SF
Lot
0.54 ac (23,428 SF)
APN
36184.2557
UPID
US90-1603874
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
-
Spokane Computer Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Northwest Touch Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
Hope Hochhalter Spa & Massage Center Alternative Medicine Practice
-
Russell Macdonald Alternative Medicine Practice
-
Acceleration Physical Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$1.28M
Owner & transaction history
11 2 Km Per Sec LLC · 2 yrs held
11 2 Km Per Sec LLC
since 2024
Last sale
$1.3M
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
$1,275,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,135,000
Current use
MEDICAL BUILDING
$1,080,000
Change: -5% · Conversion: Easy
RETAIL STORES
$1,045,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.28M (Apr 25 2024)
Last sale anchor
$1.28M
Apr 25 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
$281 / 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
$6,273
Tax year 2023
Assessed value
$656,340
Assessed 2024
Previous assessed
$656,340
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$199,140
Assessed improvement
$457,200
Land market value
$199,140
Improvement market value
$457,200
Total market value
$656,340
Applied tax rate
1,280.0000
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
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
4,533 SF
Lot
0.54 ac (23,428 SF)
APN
36184.2557
UPID
US90-1603874
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
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING Current
MEDICAL BUILDING
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
1988
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
11 2 Km Per Sec LLC
Entity
Mailing address
14 W GRAVES RD, SPOKANE, WA 99218-2319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Apr 25, 2024
$1,275,000
11 2 Km Per Sec LLC
Mac 2 Nv LLC
Warranty Deed
$864,000 · Banner Bank
Jan 18, 2024
—
Mac 2 Nv LLC
Mac2 Enterprises LLC
Intrafamily Transfer
related
—
Oct 13, 2023
—
Mac 2 Nv LLC
Mac2 Enterprises LLC
Quit Claim Deed
related
—
Sep 13, 2023
—
Mac 2 Nv LLC
Mac2 Enetrprises LLC
Quit Claim Deed
related
—
Aug 20, 2021
—
Mac2 Enterprises LLC
—
Deed
related
$800,000 · Umpqua Bank
Jul 6, 2017
$535,000
Mac2 Ents LLC
Hk & M Ents LLC
Warranty Deed
$470,000 · Hk&m Ents LLC
Jun 16, 1998
$45,000
Hk & M Enterprises LLC
Spokane County Fire
Grant Deed
$235,199 · Inland Northwest Bank
—
—
Hk & M Enterprises LLC
—
Deed Of Trust
related
$20,296 · Inland Northwest Bank
—
—
H K & M Enterprises LLC
—
Deed Of Trust
related
$182,000 · Northwest Business Dev Assoc
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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