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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Outlet malls
16208 Lacrosse Ln, Spokane Valley, WA 99216-1648
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1021437
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Total area
2,040 SF
Lot
1.84 ac (80,150 SF)
APN
45012.9118
UPID
US90-1021437
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
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Halibut Investments LLC · 4 yrs held
Halibut Investments LLC
since 2021
Last sale
$1.4M
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
$1,080,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10% · vs last sale $1.40M (Nov 29 2021)
Last sale anchor
$1.40M
Nov 29 2021
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
$534 / 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
$17,170
Tax year 2023
Assessed value
$1,783,550
Assessed 2024
Previous assessed
$1,634,150
+9.1% YoY
Effective rate
0.96%
On assessed value
Assessed land
$240,450
Assessed improvement
$1,543,100
Land market value
$240,450
Improvement market value
$1,543,100
Total market value
$1,783,550
Applied tax rate
146.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2006
Heating
NONE
Stories
2
Total area
2,040 SF
Lot
1.84 ac (80,150 SF)
APN
45012.9118
UPID
US90-1021437
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
2006
Heating
NONE
Stories
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
Halibut Investments LLC
Entity
Mailing address
3222 S CONKLIN RD, GREENACRES, WA 99016-9712
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
—
Halibut Investments LLC
C2jg Properties LLC
Quit Claim Deed
related
$1,316,250 · Washington Trust Bank
Oct 2, 2018
$1,400,000
C2jg Properties LLC
Clint And Brenda Grassel LLC
Warranty Deed
$1,120,000 · Umpqua Bank
Nov 15, 2005
—
Clint & Brenda Grassel LLC
C 1031 Properties INC
Quit Claim Deed
related
—
Jun 17, 2005
$39,803
Crown West Realty LLC
Centennial Properties INC
Warranty Deed
—
Jun 17, 2005
$137,020
C 1031 Properties INC
Crown West Realty LLC
Warranty Deed
—
Jul 11, 2002
—
Inland Empire Land Co
—
Deed Of Trust
related
$18,500,000 · Wells Fargo Bank
—
—
Clint & Brenda Grassel LLC
—
Loan Modification
related
$980,000 · American West Bk
—
—
Clint & Brenda Grassel LLC
—
Deed Of Trust
related
$760,000 · American West Bank
—
—
Clint & Brenda Grassel LLC
—
Deed Of Trust
related
$481,500 · American West Bank
—
—
Clint & Brenda Grassel LLC
—
Deed Of Trust
related
$223,000 · Northwest Busn Dev Assn
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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