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Property profile & analytics
OFF-MARKET
Estimated value
$8,300,000
Hotels
15 Rockwood Blvd Spokane, WA 99204-2311
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0828551
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2002
Total area
41,981 SF
Lot
1.17 ac (50,946 SF)
APN
35194.3105
UPID
US90-0828551
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
-
Madison Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.30M
Owner & transaction history
Gvd Partners LP · 2 yrs held
Gvd Partners LP
since 2023
Last sale
$8.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.6M
+197.4%
Office building
$9.3M
+160.6%
Restaurant
$5.5M
+54.0%
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
$8,300,000
ML approach
$8,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$10,625,000
Change: +197% · Conversion: Difficult
OFFICE BUILDING
$9,310,000
Change: +161% · Conversion: Difficult
RESTAURANT
$5,505,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$8.30M
Range $7.47M – $9.13M · ±10% · vs last sale $8.84M (Nov 16 2023)
Last sale anchor
$8.84M
Nov 16 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
$198 / 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
$44,571
Tax year 2023
Assessed value
$4,569,890
Assessed 2024
Previous assessed
$3,400,390
+34.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$764,190
Assessed improvement
$3,805,700
Land market value
$764,190
Improvement market value
$3,805,700
Total market value
$4,569,890
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2002
Heating
NONE
Stories
4
Total area
41,981 SF
Lot
1.17 ac (50,946 SF)
APN
35194.3105
UPID
US90-0828551
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.6M
OFFICE BUILDING
Est. value
$9.3M
RESTAURANT
Est. value
$5.5M
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
2002
Heating
NONE
Stories
4
Lot
1.17 ac
Current owner
From public records · entity-resolved
Gvd Partners LP
Entity
Free & Clear · 2 yrs held
Mailing address
1915 E KATELLA AVE STE A, ORANGE, CA 92867-5110
Ownership since
2023
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
Nov 16, 2023
$8,844,000
Gvd Partners LP
Providence Health & Services Washin
Warranty Deed
—
Nov 16, 2023
—
The Madison Inn Spokane LLC
Providence Health & Services Washin
Lease
—
Apr 3, 2009
—
Providence Health & Services-w
Sacred Heart Medical Ctr
Quit Claim Deed
related
—
—
—
Madison Spokane Inn LLC
—
Deed Of Trust
related
$3,100,000 · Community National 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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