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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Medical Office Space
1414 Vercler Rd, Spokane Valley, WA 99216-1092
Trust Owned
~
Est. High Equity
Property ID
US90-0246058
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
STEEL FRAME
Total area
2,594 SF
Lot
0.12 ac (5,340 SF)
APN
45152.2005
UPID
US90-0246058
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
$405k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$726k
Blend (final)
Blend
$560k
Owner & transaction history
The Kenneth And Jane Leung Trust
The Kenneth And Jane Leung Trust
since 2025
Last sale
$629,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$650,000
+5.2%
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$460,000
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
OFFICE BUILDING
$650,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$515,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $629k (Sep 29 2023)
Last sale anchor
$629k
Sep 29 2023
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
$216 / 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
$7,476
Tax year 2023
Assessed value
$788,960
Assessed 2024
Previous assessed
$744,860
+5.9% YoY
Effective rate
0.95%
On assessed value
Assessed land
$74,760
Assessed improvement
$714,200
Land market value
$74,760
Improvement market value
$714,200
Total market value
$788,960
Applied tax rate
144.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,594 SF
Lot
0.12 ac (5,340 SF)
APN
45152.2005
UPID
US90-0246058
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
MEDICAL BUILDING Current
Est. value
$615,000
OFFICE BUILDING
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$515,000
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1989
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
The Kenneth And Jane Leung Trust
Trust
Mailing address
118 N 7TH ST STE C1, COEUR D ALENE, ID 83814-2763
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2025
—
The Kenneth And Jane Leung Trust
The Vincent Leung Irrevocable Trust
Deed
related
—
Aug 21, 2024
$1,720,000
Jane M Leung
1414 Vercler LLC
Bargain & Sale Deed
—
Sep 29, 2023
$629,000
Complete Medical Weight Loss & Anti
Seattle Pain Center Medical Corpora
Warranty Deed
$450,000 · Thomas William Dorazi & Theodora Fr
Jun 28, 2022
—
Frank Li
—
Deed
related
$2,850,000 · United States Of America
Jan 11, 2022
$525,000
Billie Jo Davis
Pjm Properties LLC
Warranty Deed
$420,000 · Riverbank
Jan 5, 2021
$525,000
Vince L Fitzpatrick Dc Ps
Merle E Janes
Warranty Deed
—
Jan 5, 2021
—
Vince L Fitzpatrick
—
Deed
related
$446,000 · Us Bk
Apr 24, 2018
$1,480,000
1414 Vercler LLC
Trent Avenue Partners LLC
Warranty Deed
$960,000 · Umpqua Bank
Jul 8, 2016
—
Weiand Family LLC
Weiand,ronald W & Suzanne M
Quitclaim Deed
related
—
Apr 15, 2013
$360,000
Seattle Pain Center Medical Co
Gray,william L
Warranty Deed
—
Jan 10, 2013
—
Gray Crysti Tr
Gray William L
Quit Claim Deed
related
—
Jun 18, 1998
$27,895
Gray William L
M J B Partnership
Grant Deed
—
—
—
William L Gray
—
Deed Of Trust
related
$110,000 · Us Bank NA
—
—
William L Gray
—
Deed Of Trust
related
$360,000 · State National Bank Garfield
—
—
William L Gray
—
Deed Of Trust
related
$270,000 · Us Bank
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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