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Property profile & analytics
OFF-MARKET
Estimated value
$6,600,000
Hotels
16106 Indiana Ave, Spokane Valley, WA 99216-1873
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2720211
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2014
Total area
27,400 SF
Lot
1.28 ac (55,717 SF)
APN
45132.0418
UPID
US90-2720211
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
-
My Place Hotel-Spokane Valley, WA Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.60M
Owner & transaction history
Hooptown LLC · 2 yrs held
Hooptown LLC
since 2024
Last sale
$6.6M
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
$6,600,000
ML approach
$6,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.60M
Range $5.94M – $7.26M · ±10% · vs last sale $6.60M (Mar 28 2024)
Last sale anchor
$6.60M
Mar 28 2024
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
$241 / 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
$37,020
Tax year 2023
Assessed value
$3,863,770
Assessed 2024
Previous assessed
$2,813,670
+37.3% YoY
Effective rate
0.96%
On assessed value
Assessed land
$557,170
Assessed improvement
$3,306,600
Land market value
$557,170
Improvement market value
$3,306,600
Total market value
$3,863,770
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2014
Heating
NONE
Stories
3
Units
64
Total area
27,400 SF
Lot
1.28 ac (55,717 SF)
APN
45132.0418
UPID
US90-2720211
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
2014
Heating
NONE
Stories
3
Units
64
Lot
1.28 ac
Current owner
From public records · entity-resolved
Hooptown LLC
Entity
Mailing address
12165 ZIELIAN CT, TUSTIN, CA 92782-1298
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
$6,600,000
Hooptown LLC
Spokane Lodging Partners LLC
Warranty Deed
$3,696,000 · The Security National Bank Of Enid
Jul 19, 2019
—
Evergreen Busn Cap
—
Deed
related
—
Jun 26, 2019
—
Spokane Lodging Partners LLC
—
Deed
related
$2,000,000 · Cathay Bank
May 31, 2019
$3,800,000
Spokane Lodging Partners LLC
Spokane My Place LLC
Warranty Deed
$2,000,000 · Cathay Bank
May 1, 2014
$836,352
Spokane My Place LLC
Hanson Industries INC
Warranty Deed
—
—
—
Spokane My Place LLC
—
Deed Of Trust
related
$3,850,000 · First Nat'l Bk/omaha
—
—
Spokane Lodging Partners LLC
—
Deed Of Trust
related
$1,235,000 · Evergreen Busn Cap
—
—
Evergreen Busn Cap
—
Loan Modification
related
—
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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