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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Distribution centers
16023 Sprague Ave Spokane Valley, WA 99037-8903
Trust Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-3239115
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1983
Total area
10,000 SF
Lot
2.22 ac (96,585 SF)
APN
45133.1674
UPID
US90-3239115
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
-
Jacobs Custom Living Furniture & Home Goods Hardware & Home Improvement
-
Jacobs Upholstery, Inc. dba Jacobs Custom Living Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$795k
Owner & transaction history
Jacobs Patricia A Trust · 21 yrs held
Jacobs Patricia A Trust
since 2005
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%
$1,090,000
6.5%
$1,005,000
7%
$935,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,190,000
Current use
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$80 / 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
$12,201
Tax year 2023
Assessed value
$1,145,630
Assessed 2024
Previous assessed
$1,080,330
+6.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$434,630
Assessed improvement
$711,000
Land market value
$434,630
Improvement market value
$711,000
Total market value
$1,145,630
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
3
Stories
1
Bathrooms
1
Total area
10,000 SF
Lot
2.22 ac (96,585 SF)
APN
45133.1674
UPID
US90-3239115
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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1983
Heating
NONE
Stories
1
Buildings
3
Bathrooms
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
Jacobs Patricia A Trust
Trust
Mailing address
16023 E SPRAGUE AVE, SPOKANE VALLEY, WA 99037-8903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2018
—
Jacobs Unlimited LLC
—
Deed
related
$275,000 · State Bk Nw
May 17, 2017
—
Jacobs Unlimited LLC
—
Deed
related
$1,146,000 · State Bank Northwest
Apr 11, 2011
—
Jacobs Unlimited LLC
—
Trustees Deed
related
$228,000 · State Bank Northwest
Jun 23, 2005
—
Jacobs Patricia A Trust
Jacobs,maburn H
Quit Claim Deed
related
—
Jun 23, 2005
$86,552
Jacobs Unlimited LLC
Jacobs,patricia A
Quit Claim Deed
related
—
Mar 3, 2005
—
Staneks INC
Pearson,elbirteen V
Quit Claim Deed
related
—
Mar 3, 2005
$130,000
Staneks INC
Pearson,kenneth D & Elbirteen V
Warranty Deed
—
Nov 19, 1999
—
Staneks INC
Farmers & Merchants Nat'l Bank
Quit Claim Deed
related
—
—
—
Jacobs Unlimited LLC
—
Deed Of Trust
related
$150,000 · State Bank Northwest
—
—
Jacobs Unlimited LLC
—
Deed Of Trust
related
$100,000 · Sterling Savings Bank
—
—
Jacobs Unlimited LLC
—
Deed Of Trust
related
$83,000 · State Bank Northwest
—
—
Jacobs Unlimited LLC
—
Loan Modification
related
$275,000 · State Bk Nw
—
—
Jacobs Unlimited LLC
—
Deed Of Trust
related
$295,000 · Sterling Savings Bank
—
—
Jacobs Unlimited LLC
—
Deed Of Trust
related
$775,000 · State Bank Northwest
—
—
Jacobs Unlimited LLC
—
Deed Of Trust
related
$125,000 · State Bank Northwest
—
—
Jacobs Unlimited LLC
—
Deed Of Trust
related
$415,000 · State Bank Northwest
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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