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Property profile & analytics
OFF-MARKET
Drive through restaurants
1604 Sullivan Rd, Spokane Valley, WA 99037-5126
Entity Owned
~
Est. High Equity
Property ID
US90-2731121
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2008
Total area
384 SF
Lot
0.26 ac (11,497 SF)
APN
45261.0407
UPID
US90-2731121
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
-
Swell Coffee Take-out & Catering Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vb Acquisitions LLC
Vb Acquisitions LLC
since 2026
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,600
Tax year 2023
Assessed value
$153,290
Assessed 2024
Previous assessed
$132,690
+15.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$57,490
Assessed improvement
$95,800
Land market value
$57,490
Improvement market value
$95,800
Total market value
$153,290
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
1
Total area
384 SF
Lot
0.26 ac (11,497 SF)
APN
45261.0407
UPID
US90-2731121
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
2008
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Vb Acquisitions LLC
Entity
Mailing address
712 S NEYLAND AVE, LIBERTY LAKE, WA 99019-8501
Ownership since
2026
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
Feb 11, 2026
—
Vb Acquisitions LLC
Cellco Partnership
Deed
—
Apr 21, 2006
$84,001
Northwest Renovators INC
Northwest Te Svcs INC
Trustees Deed
related
—
Aug 11, 1999
—
Spokane County (wa)
Rasmussen,christina S
Grant Deed
related
—
Aug 5, 1998
—
Christina S Rasmussen
Byrnes,christina S
Quit Claim Deed
related
$45,100 · Cls Mortgage INC
—
—
Christina S Rasmussen
—
Deed Of Trust
related
$5,194 · Beneficial Washington INC
—
—
Christian S Rasmussen
—
Deed Of Trust
related
$34,750 · Cls Mortgage INC
—
—
Northwest Renovators INC
—
Deed Of Trust
related
—
—
—
Christina S Rasmussen
—
Deed Of Trust
related
$64,794 · Beneficial Mortgage Co
—
—
Christina C Rasmussen
—
Deed Of Trust
related
$87,797 · Wells Fargo Fin'l Wa #1 INC
—
—
Christina S Rasmussen
—
Deed Of Trust
related
$9,879 · Beneficial Washington INC
—
—
Christina S Rasmussen
—
Deed Of Trust
related
$7,539 · Beneficial Washington INC
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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