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Property profile & analytics
OFF-MARKET
Estimated value
$6,360,000
Medical Office Space
1424 Mcdonald Rd, Spokane Valley, WA 99216-6017
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1905342
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
19,197 SF
Lot
1.46 ac (63,800 SF)
APN
45151.9022
UPID
US90-1905342
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
$6.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.11M
Blend (final)
Blend
$6.36M
Owner & transaction history
Tah 1424 Mcdonald LLC · 4 yrs held
Tah 1424 Mcdonald LLC
since 2021
Last sale
$7.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.6M
+132.1%
Office building
$4.8M
+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
$6,140,000
ML approach
$6,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,565,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,595,000
Change: +132% · Conversion: Moderate
OFFICE BUILDING
$4,800,000
Change: +5% · Conversion: Easy
RESTAURANT
$4,255,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±10% · vs last sale $7.94M (Aug 3 2021)
Last sale anchor
$7.94M
Aug 3 2021
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
$331 / 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
$72,745
Tax year 2023
Assessed value
$7,670,300
Assessed 2024
Previous assessed
$7,159,000
+7.1% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,531,200
Assessed improvement
$6,139,100
Land market value
$1,531,200
Improvement market value
$6,139,100
Total market value
$7,670,300
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
2008
Heating
NONE
Stories
2
Total area
19,197 SF
Lot
1.46 ac (63,800 SF)
APN
45151.9022
UPID
US90-1905342
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
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.6M
OFFICE BUILDING
Est. value
$4.8M
RESTAURANT
Est. value
$4.3M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
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
2008
Heating
NONE
Stories
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Tah 1424 Mcdonald LLC
Entity
Mailing address
11791 W PR AVE, POST FALLS, ID 83854-5924
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
$7,943,000
Tah 1424 Mcdonald LLC
Freedom Legacy LLC
Warranty Deed
$5,957,250 · First Interstate Bank
Jun 17, 2019
—
Freedom Legacy LLC
Husein 2008 Trust
Quit Claim Deed
related
—
May 18, 2010
—
Freedom Medical LLC
Freedom Management INC
Quit Claim Deed
related
$3,900,000 · Five Star Bank
Nov 25, 2008
$570,000
Freedom Management INC
Hander,robert W
Warranty Deed
—
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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