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Property profile & analytics
FOR LEASE
Office buildings
16201 E Indiana Ave, Spokane Valley, WA 99216
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0830854
For Lease
$26 SF/Yr
16201 E Indiana Ave, Spokane Valley, WA 99216
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
252,407 SF
Lot
10.97 ac (477,853 SF)
APN
45135.0314
UPID
US90-0830854
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
-
Steve Jones Realtor Spokane Windermere Valley/Liberty Lake Real Estate Agency
-
Aerotek Employment Agency
-
TEKOA Software, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
SPOKANE CLOUD (Bike/Boat/Book/etc) Store Corporate Office
-
AssetWorks LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.87M
Owner & transaction history
Bloch Boyer LLC · 8 yrs held
Bloch Boyer LLC
since 2018
5 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
$23 / 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
$339,863
Tax year 2023
Assessed value
$35,539,230
Assessed 2024
Previous assessed
$34,983,600
+1.6% YoY
Effective rate
0.96%
On assessed value
Assessed land
$2,508,730
Assessed improvement
$33,030,500
Land market value
$2,508,730
Improvement market value
$33,030,500
Total market value
$35,539,230
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2007
Heating
NONE
Buildings
2
Stories
1
Total area
252,407 SF
Lot
10.97 ac (477,853 SF)
APN
45135.0314
UPID
US90-0830854
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
2007
Heating
NONE
Stories
1
Buildings
2
Lot
10.97 ac
Current owner
From public records · entity-resolved
Bloch Boyer LLC
Entity
Mailing address
1200 112TH AVE NE STE A101, BELLEVUE, WA 98004-3708
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2018
$37,990,000
Bloch Boyer LLC
Worthy Ents LLC
Grant Deed
$25,300,000 · Miscellaneous Ins Co
May 12, 2016
—
Worthy Ents LLC
Rvcc LLC
Warranty Deed
—
May 21, 2014
—
Rvcc LLC
Worthy Ents LLC
Warranty Deed
—
Feb 8, 2008
$2,219,943
Worthy Ents LLC
Hanson Industries INC
Warranty Deed
—
—
—
Worthy Ents LLC
—
Deed Of Trust
related
$10,000,000 · Spokane Public Facilities Dist
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?”
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