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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Assisted living facilities
1617 Calispel St Spokane, WA 99205-4843
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US90-1656453
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1961
Total area
13,748 SF
Lot
0.87 ac (37,737 SF)
APN
35074.7507
UPID
US90-1656453
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
-
Fairview Assisted Living & Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$910k
Owner & transaction history
David Bozett · 29 yrs held
David Bozett
since 1996
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+113.4%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane 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
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$610,000
Current use
MEDICAL BUILDING
$1,305,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$66 / 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
$67,579
Tax year 2023
Assessed value
$6,929,520
Assessed 2024
Previous assessed
$6,446,020
+7.5% YoY
Effective rate
0.98%
On assessed value
Assessed land
$226,420
Assessed improvement
$6,703,100
Land market value
$226,420
Improvement market value
$6,703,100
Total market value
$6,929,520
Applied tax rate
10.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1961
Heating
NONE
Buildings
3
Stories
1
Bathrooms
3
Total area
13,748 SF
Lot
0.87 ac (37,737 SF)
APN
35074.7507
UPID
US90-1656453
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$610,000
MEDICAL BUILDING
Est. value
$1.3M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
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
1961
Heating
NONE
Stories
1
Buildings
3
Bathrooms
3
Lot
0.87 ac
Current owner
From public records · entity-resolved
David Bozett
Individual
Mailing address
1617 N CALISPEL ST, SPOKANE, WA 99205-4843
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
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
Jan 15, 2008
—
David S Bozett
—
Trustees Deed
related
$555,000 · American West Bank
May 18, 2006
—
David S Bozett
—
Trustees Deed
related
$2,624,000 · American West Bank
Dec 14, 1998
—
David S Bozett
—
Deed Of Trust
related
$1,760,000 · Us Bank
Sep 17, 1996
$735,000
David Bozett
Mckee-tribbett Inv Ptshp
Grant Deed
$1,340,000 · United Security Bank
—
—
David S Bozett
—
Deed Of Trust
related
$225,000 · Panhandle State Bank
—
—
David S Bozett
—
Deed Of Trust
related
$3,204,000 · American West Bank
—
—
David S Bozett
—
Deed Of Trust
related
$368,000 · American West Bank
—
—
David Bozett
—
Deed Of Trust
related
$5,287,500 · Intermountain Bank
—
—
David Bozett
—
Deed Of Trust
related
$5,175,000 · Panhandle State Bank
—
—
David Bozett
—
Deed Of Trust
related
$20,000 · Us Bank NA
—
—
David S Bozett
—
Deed Of Trust
related
$1,600,000 · American West Bank
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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