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Property profile & analytics
OFF-MARKET
Estimated value
$4,795,000
Banks
1425 Washington St Spokane, WA 99201-2437
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3173721
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1979
Total area
25,381 SF
Lot
1.64 ac (71,319 SF)
APN
35181.2522
UPID
US90-3173721
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
-
SD Black Car Services Freight Service Logistics Company
-
Lawn Tamers, LLC General Contractor
-
Website Pros Employment Agency
-
Constant Contact Test Business Service Center Employment Agency
-
BAFitZ.com Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$4.80M
Owner & transaction history
Esska LLC · 5 yrs held
Esska LLC
since 2021
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.3M
+45.5%
Medical building
$6.0M
+39.8%
Restaurant
$5.6M
+30.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$4,315,000
Current use
OFFICE BUILDING
$6,280,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$6,035,000
Change: +40% · Conversion: Difficult
RESTAURANT
$5,625,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$5,480,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,015,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,570,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.27M · ±10% · vs last sale $5.00M (Apr 30 2021)
Last sale anchor
$5.00M
Apr 30 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
$189 / 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
$47,031
Tax year 2023
Assessed value
$4,822,150
Assessed 2024
Previous assessed
$4,256,350
+13.3% YoY
Effective rate
0.98%
On assessed value
Assessed land
$570,550
Assessed improvement
$4,251,600
Land market value
$570,550
Improvement market value
$4,251,600
Total market value
$4,822,150
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
2
Stories
2
Total area
25,381 SF
Lot
1.64 ac (71,319 SF)
APN
35181.2522
UPID
US90-3173721
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
$4.3M
OFFICE BUILDING
Est. value
$6.3M
MEDICAL BUILDING
Est. value
$6.0M
RESTAURANT
Est. value
$5.6M
RETAIL STORES
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1979
Heating
NONE
Stories
2
Buildings
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Esska LLC
Entity
Mailing address
1425 N WASHINGTON ST, SPOKANE, WA 99201-2437
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$5,000,000
Esska LLC
Maxwell Washington Partners LLC
Bargain And Sale Deed
$1,194,541 · Heritage Southeast Bank
Nov 10, 2020
—
Maxwell Washington Ptrs LLC
—
Deed
related
$2,146,551 · Mountain W Bk Div/glacier B
Jul 31, 2020
$1,200,000
Maxwell Washington Ptrs LLC
1425 N Washington Street LLC
Warranty Deed
—
Jul 13, 2007
$2,425,000
1425 N Washington Street LLC
Points North Associates LLC
Warranty Deed
—
Jun 4, 2003
—
Points North Associates LLC
Hagen,kenneth G & Bonnie J
Quit Claim Deed
related
—
May 15, 2003
$2,184,526
Points North Associates LLC
Rin Corp
Grant Deed
—
—
—
Points North Assocs LLC
—
Deed Of Trust
related
$29,450 · Spokane Teachers Cu
—
—
R I N Corp
—
Deed Of Trust
related
$57,735 · Farmers & Merchants Bk Rockfor
—
—
Kenneth G Hagen
—
Deed Of Trust
related
$1,680,000 · Spokane Teachers Cu
—
—
R I N Corp
—
Deed Of Trust
related
$125,580 · Farmers & Merchants Bk Rockfor
—
—
Maxwell Washington Ptrs LLC
—
Deed Of Trust
related
$2,146,551 · Mountain W Bk Div/glacier B
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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