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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Office buildings
15106 Sprague Ave, Spokane Valley, WA 99037-9735
Entity Owned
~
Est. High Equity
Property ID
US90-1615299
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2023
Construction
STEEL FRAME
Total area
14,790 SF
Lot
0.73 ac (31,582 SF)
APN
45231.0210
UPID
US90-1615299
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.16M
Owner & transaction history
City Of Spokane Valley
City Of Spokane Valley
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10%
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
$78 / 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
$2,475
Tax year 2023
Assessed value
$221,070
Assessed 2024
Previous assessed
$305,370
-27.6% YoY
Effective rate
1.12%
On assessed value
Assessed land
$221,070
Land market value
$221,070
Total market value
$221,070
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2023
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
14,790 SF
Lot
0.73 ac (31,582 SF)
APN
45231.0210
UPID
US90-1615299
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
Building & site characteristics
From public records
Year built
2023
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
City Of Spokane Valley
Entity
Mailing address
12209 E MSN AVE STE #5, SPOKANE VALLEY, WA 99206-4824
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
—
City Of Spokane Valley
Sprague And Progress LLC
Deed
—
Jul 22, 2024
—
Sprague & Progress LLC
—
Deed
related
$3,800,000 · Mountain West Bank
Jan 21, 2015
—
Sprague & Progress LLC
Hultman Family LLC
Grant Deed
related
—
Jan 20, 2015
$914,129
James A Wolff
Hultman Family LLC
Grant Deed
—
Sep 15, 2008
—
Set LLC
Judy,susan
Grant Deed
—
Feb 11, 2000
—
Hultman Family LLC
Hultman,anders B
Quit Claim Deed
related
—
—
—
Sprague & Progress LLC
—
Deed Of Trust
related
$500,000 · Mountain West Bk
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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