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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Banks
168 Division St Spokane, WA 99202-1549
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3307471
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,000 SF
Lot
0.16 ac (6,920 SF)
APN
35191.0906
UPID
US90-3307471
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
-
Compassionate Addiction Treatment Medical Clinic
-
Esthetician Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$840k
Blend (final)
Blend
$865k
Owner & transaction history
168 Division LLC · 4 yrs held
168 Division LLC
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$750,000
+47.0%
Medical building
$715,000
+39.8%
Auto repair, garage
$595,000
+16.2%
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
$820,000
ML approach
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$750,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $900k (Feb 25 2022)
Last sale anchor
$900k
Feb 25 2022
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
$288 / 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
$8,573
Tax year 2023
Assessed value
$878,000
Assessed 2024
Previous assessed
$809,900
+8.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$173,000
Assessed improvement
$705,000
Land market value
$173,000
Improvement market value
$705,000
Total market value
$878,000
Applied tax rate
14.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
1
Total area
3,000 SF
Lot
0.16 ac (6,920 SF)
APN
35191.0906
UPID
US90-3307471
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
OFFICE BUILDING
Est. value
$750,000
MEDICAL BUILDING
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$595,000
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1908
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
168 Division LLC
Entity
Mailing address
168 S DIVISION ST, SPOKANE, WA 99202-1549
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
—
168 Division LLC
—
Deed
related
$670,000 · Washington Trust Bank
Feb 25, 2022
$900,000
168 Division LLC
Short Road Dp LLC
Warranty Deed
$670,000 · Washington Trust Bank
Nov 13, 2019
—
Lyft Properties 2 LLC
—
Deed
related
$300,000 · Wells Fargo Bk
Oct 23, 2018
$825,000
Short Road Dp LLC
Yess Properties LLC
Warranty Deed
—
Jun 6, 2008
$845,000
Yess Properties LLC
Pine Creek Dairy LLC
Warranty Deed
$676,000 · Riverbank
Mar 26, 2003
$300,000
Pine Creek Dairy LLC
Thompson,david L & Mary E
Grant Deed
$291,390 · Wheatland Bank
Oct 23, 1996
$171,850
David L Thompson
Farwell,brian E & Jeanne M
Quit Claim Deed
related
—
Jun 13, 1995
$162,000
Brian E Farwell
Spokane Lincoln-mercury Sales
Grant Deed
$137,000 · Seller
—
—
David L Thompson
—
Deed Of Trust
related
$150,000 · Fairway Commercial Mortgage
—
—
Yess Properties LLC
—
Deed Of Trust
related
$743,494 · Riverbank
—
—
Lyft Properties 2 LLC
—
Loan Modification
related
$300,000 · Wells Fargo 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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