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Property profile & analytics
FOR LEASE
Banks
1421 N Meadowwood Ln Liberty Lake, WA 99019
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0732151
For Lease
Contact for pricing
1421 N Meadowwood Ln, Liberty Lake, WA 99019
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Total area
40,700 SF
Lot
1.73 ac (75,542 SF)
APN
55156.9156
UPID
US90-0732151
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
$4.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$4.91M
Owner & transaction history
1421 Meadow Wood Dst · 3 yrs held
1421 Meadow Wood Dst
since 2022
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.3M
+22.8%
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 Liberty Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Liberty Lake 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
$4,910,000
ML approach
$4,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$6,735,000
Current use
MEDICAL BUILDING
$8,265,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$6,450,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,185,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.42M – $5.40M · ±10% · vs last sale $6.00M (Sep 26 2022)
Last sale anchor
$6.00M
Sep 26 2022
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
$121 / 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
$27,658
Tax year 2023
Assessed value
$2,993,990
Assessed 2024
Previous assessed
$2,544,810
+17.7% YoY
Effective rate
0.92%
On assessed value
Assessed land
$528,790
Assessed improvement
$2,465,200
Land market value
$528,790
Improvement market value
$2,465,200
Total market value
$2,993,990
Applied tax rate
1,420.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
2001
Heating
NONE
Stories
2
Total area
40,700 SF
Lot
1.73 ac (75,542 SF)
APN
55156.9156
UPID
US90-0732151
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
FINANCIAL BUILDING Current
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$8.3M
RETAIL STORES
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
FINANCIAL BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2001
Heating
NONE
Stories
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
1421 Meadow Wood Dst
Individual
Mailing address
636 VLY MALL PKWY STE #200, EAST WENATCHEE, WA 98802-4875
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
$5,995,000
1421 Meadow Wood Dst
Msj Investments LLC
Warranty Deed
$3,000,000 · Idaho Central Cu
Sep 26, 2022
—
1421 Meadow Wood Dst
—
Deed
related
—
Aug 22, 2016
$1,398,000
Rocky Hill Homes LLC
Rocky Hill LLC
Quit Claim Deed
related
—
Jul 12, 2016
—
Rocky Hill LLC
—
Deed
related
$838,500 · Umpqua Bk
May 27, 2015
$1,895,200
Rocky Hill LLC
Liberty Lake Conservation Part
Quit Claim Deed
related
—
—
—
Rocky Hill LLC
—
Deed Of Trust
related
$838,500 · Umpqua Bk
—
—
Liberty Lake Conservation Part
—
Deed Of Trust
related
$1,000,000 · Washington Tr Bk
—
—
Msj Investments LLC
—
Deed Of Trust
related
$2,400,000 · Standard Insurance Co
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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