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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Commercial real estate
16208 Indiana Ave Spokane Valley, WA 99216-1886
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1964128
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2005
Total area
13,619 SF
Lot
2.69 ac (117,038 SF)
APN
45135.0429
UPID
US90-1964128
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
-
Vaqueros Restaurant
-
Hooters Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.90M
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.40M
Owner & transaction history
El Toro Bravo LLC · 3 yrs held
El Toro Bravo LLC
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+76.8%
Restaurant
$3.0M
+42.6%
Office building
$2.9M
+42.3%
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
$2,005,000
ML approach
$1,895,000
CAP Approach
CAP Return
Estimation
6%
$2,480,000
6.5%
$2,290,000
7%
$2,125,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,070,000
Current use
AUTO REPAIR, GARAGE
$3,660,000
Change: +77% · Conversion: Difficult
RESTAURANT
$2,950,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$2,945,000
Change: +42% · Conversion: Easy
MEDICAL BUILDING
$2,765,000
Change: +34% · Conversion: Easy
RETAIL STORES
$2,175,000
Change: +5% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,740,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.40M
Range $2.16M – $2.63M · ±10% · vs last sale $2.75M (Jun 16 2023)
Last sale anchor
$2.75M
Jun 16 2023
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
$176 / 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
$28,894
Tax year 2023
Assessed value
$2,888,880
Assessed 2024
Previous assessed
$2,656,480
+8.7% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,170,380
Assessed improvement
$1,718,500
Land market value
$1,170,380
Improvement market value
$1,718,500
Total market value
$2,888,880
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
13,619 SF
Lot
2.69 ac (117,038 SF)
APN
45135.0429
UPID
US90-1964128
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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (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
2005
Heating
NONE
Stories
1
Lot
2.69 ac
Current owner
From public records · entity-resolved
El Toro Bravo LLC
Entity
Mailing address
15920 E 22ND CT, SPOKANE VALLEY, WA 99037-9097
Ownership since
2023
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
Sep 24, 2025
—
El Toro Bravo LLC
—
Deed
related
$300,000 · Robert A Bonuccelli Etux
Jun 16, 2023
$2,750,000
El Toro Bravo LLC
Robert A Bonuccelli
Warranty Deed
$2,550,000 · Robert A Bonuccelli Etal
Sep 28, 2017
—
Robert A Bonuccelli
Bonuccelli,linda J
Quit Claim Deed
related
—
Sep 28, 2017
$1,300,000
Robert A Bonuccelli
Fs Real Estate Holdings LLC
Warranty Deed
—
Nov 10, 2011
—
Fs Real Estate Holdings LLC
—
Loan Modification
related
$2,869,384 · Midfirst Bank State Savings Bk
Apr 14, 2005
—
Fs Real Estate Holdings LLC
—
Trustees Deed
related
$6,000,000 · Mission Bank
—
—
Fs Real Estate Holdings LLC
—
Loan Modification
related
$2,869,384 · Midfirst Bank State Savings Bk
—
—
Fs Real Estate Holdings LLC
—
Deed Of Trust
related
$3,900,000 · Midfirst Bank State Savings Bk
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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