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Property profile & analytics
FOR SALE
Commercial real estate
15922 E Valleyway Ave Spokane Valley, WA 99037
Entity Owned
2-yr Hold
Property ID
US90-1437268
For Sale
1 / 12
Contact for pricing
15922 E Valleyway Ave, Spokane Valley, WA 99037
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2023
Total area
27,738 SF
Lot
2.34 ac (101,778 SF)
APN
45133.1012
UPID
US90-1437268
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
-
SystemWyze Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$395k
Owner & transaction history
The Nathan Apts LLC · 2 yrs held
The Nathan Apts LLC
since 2023
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
$395k
Range $356k – $435k · ±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
$14 / 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
$3,358
Tax year 2023
Assessed value
$356,220
Assessed 2024
Previous assessed
$223,660
+59.3% YoY
Effective rate
0.94%
On assessed value
Assessed land
$356,220
Land market value
$356,220
Total market value
$356,220
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2023
Heating
GRAVITY
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
27,738 SF
Lot
2.34 ac (101,778 SF)
APN
45133.1012
UPID
US90-1437268
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
Heating
GRAVITY
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
The Nathan Apts LLC
Entity
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
—
The Nathan Apts LLC
—
Deed
related
$300,000 · James W Oliver
Dec 21, 2023
—
The Nathan Apts LLC
—
Deed
related
$6,800,000 · Gesa Cu
Oct 18, 2023
—
The Nathan Apts LLC
Skyline Homes LLC
Quit Claim Deed
related
—
Nov 3, 2022
—
Skyline Homes LLC
—
Deed
related
$9,000,000 · Skyline Homes LLC
Jun 23, 2022
—
The State Of Washington
Skyline Homes LLC
Deed
—
Jan 27, 2022
$919,500
Skyline Homes LLC
Estate Of Jennifer Obrien
Warranty Deed
$963,000 · Tcf Prosperteis LLC
—
—
Jennifer J O'brien
—
Deed Of Trust
related
$116,000 · Horizon Cu
—
—
Jennifer J O'brien
—
Deed Of Trust
related
$84,000 · Homecomings Financial Network
—
—
Jennifer J O'brien
—
Deed Of Trust
related
$41,000 · Horizon Cu
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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