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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Industrial properties
1641 Polston Ave Post Falls, ID 83854-7852
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US27-0667801
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2000
Construction
METAL FRAME
Total area
17,679 SF
Lot
1.61 ac (70,001 SF)
APN
P4272002007A
UPID
US27-0667801
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
-
Beacon Clinic - Post Falls Medical Clinic Hospital
-
Naseer Ahmad Physician
-
Dr. Arvind Chaudhry Physician
-
SARAH NICOLE MURPHY Counselor Physician Assistant
-
Valerie Thomson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.07M
Owner & transaction history
Hpiii Spokane Sub II LLC · 3 yrs held
Hpiii Spokane Sub II LLC
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+125.5%
Retail stores
$1.6M
+112.1%
Restaurant
$1.5M
+92.5%
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 Post Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Post Falls 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$750,000
Current use
COMMERCIAL (GENERAL)
$1,695,000
Change: +125% · Conversion: Difficult
RETAIL STORES
$1,595,000
Change: +112% · Conversion: Moderate
RESTAURANT
$1,450,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$1,275,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,115,000
Change: +48% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$765,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$60 / 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
$17,567
Tax year 2023
Assessed value
$3,147,070
Assessed 2023
Previous assessed
$2,973,414
+5.8% YoY
Effective rate
0.56%
On assessed value
Assessed land
$665,010
Assessed improvement
$2,482,060
Land market value
$665,010
Improvement market value
$2,482,060
Total market value
$3,147,070
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2000
Construction
METAL FRAME
Total area
17,679 SF
Lot
1.61 ac (70,001 SF)
APN
P4272002007A
UPID
US27-0667801
Jurisdiction
KOOTENAI
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
$750,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$765,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Construction
METAL FRAME
Lot
1.61 ac
Current owner
From public records · entity-resolved
Hpiii Spokane Sub II LLC
Entity
Mailing address
1400 N WATER ST STE #500, MILWAUKEE, WI 53202-4129
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
—
Hpiii Spokane Sub II LLC
North Idaho Surgical Hospital Bldg
Special Warranty Deed
$13,000,000 · First Citizens Bank & Trust Co
May 31, 2013
—
North Idaho Surgical Hospital Build
Bmw LLC
Quit Claim Deed
related
$1,283,903 · Mountain West Bank
Apr 8, 2009
—
Adam J Olscamp
Jonna M Olscamp
Intrafamily Transfer
related
—
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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