New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,155,000
Manufacturing properties
1611 Molter Rd, Liberty Lake, WA 99019-9484
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3334020
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Total area
80,744 SF
Lot
8.11 ac (353,272 SF)
APN
55104.9178
UPID
US90-3334020
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
$7.80M
CAP Approach
CAP
$7.23M
Comparable Approach
Comparable
$9.31M
Blend (final)
Blend
$9.16M
Owner & transaction history
Ralyn LLC · 3 yrs held
Ralyn LLC
since 2022
Last sale
$10.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.8M
+23.9%
Commercial (general)
$12.3M
+18.8%
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 Liberty Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Liberty Lake 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
$8,890,000
ML approach
$7,795,000
CAP Approach
CAP Return
Estimation
6%
$7,830,000
6.5%
$7,225,000
7%
$6,710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,325,000
Current use
RETAIL STORES
$12,795,000
Change: +24% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,265,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$9.16M
Range $8.24M – $10.07M · ±10% · vs last sale $10.85M (Sep 16 2022)
Last sale anchor
$10.85M
Sep 16 2022
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
$113 / 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
$64,767
Tax year 2023
Assessed value
$6,984,990
Assessed 2024
Previous assessed
$6,209,920
+12.5% YoY
Effective rate
0.93%
On assessed value
Assessed land
$1,413,090
Assessed improvement
$5,571,900
Land market value
$1,413,090
Improvement market value
$5,571,900
Total market value
$6,984,990
Applied tax rate
1,420.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Heating
NONE
Stories
2
Total area
80,744 SF
Lot
8.11 ac (353,272 SF)
APN
55104.9178
UPID
US90-3334020
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
INDUSTRIAL (GENERAL) Current
Est. value
$10.3M
RETAIL STORES
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$12.3M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Stories
2
Lot
8.11 ac
Current owner
From public records · entity-resolved
Ralyn LLC
Entity
Mailing address
1909 TACOMA PT DR E, LAKE TAPPS, WA 98391-6459
Ownership since
2022
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
Sep 16, 2022
$10,847,000
Ralyn LLC
Clin And Brenda Grassel LLC
Bargain And Sale Deed
—
May 8, 2019
—
Clint And Brenda Grassel LLC
—
Deed
related
$2,486,724 · Banner Bank
Apr 19, 2019
—
Clint & Brenda Grassel LLC
—
Deed
related
$2,486,724 · Banner Bk
Mar 21, 2019
—
Clint & Brenda Grassel LLC
Eat Eight LLC
Quit Claim Deed
related
—
Oct 12, 2018
$5,800,000
Brenda Grassel LLC
Hunt Family Properties LLC
Warranty Deed
$2,342,548 · Banner Bank
Jun 16, 2005
$3,728,089
Hunt Family Properties LLC
Jubilation Ents LLC
Warranty Deed
$3,438,400 · American West Bank
—
—
Clint & Brenda Grassel LLC
—
Loan Modification
related
$2,486,724 · Banner Bk
—
—
Hunt Family Properties LLC
—
Deed Of Trust
related
$1,040,128 · Hardwoods Specialty Prods Us L
—
—
Hunt Family LP
—
Deed Of Trust
related
$1,040,128 · Hardwoods Specialty Prods Us L
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1611 Molter Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
