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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Medical Office Space
1716 Un Rd, Spokane Valley, WA 99206-4834
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2172732
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
3,500 SF
Lot
0.62 ac (27,032 SF)
APN
45094.0807
UPID
US90-2172732
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
$885k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$905k
Owner & transaction history
Ridgeback Holdings II LLC · 5 yrs held
Ridgeback Holdings II LLC
since 2021
Last sale
$1.0M
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
$780,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
RETAIL STORES
$805,000
Change: -3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$690,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $1.01M (Jun 29 2021)
Last sale anchor
$1.01M
Jun 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
$259 / 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
$9,268
Tax year 2023
Assessed value
$991,000
Assessed 2024
Previous assessed
$914,700
+8.3% YoY
Effective rate
0.94%
On assessed value
Assessed land
$81,100
Assessed improvement
$909,900
Land market value
$81,100
Improvement market value
$909,900
Total market value
$991,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
3,500 SF
Lot
0.62 ac (27,032 SF)
APN
45094.0807
UPID
US90-2172732
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
MEDICAL BUILDING Current
Est. value
$830,000
RETAIL STORES
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$690,000
MEDICAL BUILDING Current
RETAIL STORES
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
1999
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Ridgeback Holdings II LLC
Entity
Mailing address
PO BOX 2741, SAN ANSELMO, CA 94979-2741
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
—
Ridgeback Holdings II LLC
—
Deed
related
$140,000 · Numerica Cu
Jun 29, 2021
—
Ridgeback Holdings II LLC
Redwood Ventures LLC
Quit Claim Deed
related
—
Jul 17, 2020
$1,012,000
Redwood Ventures LLC
Wiberg Enterprises LLC
Warranty Deed
$718,000 · Numerica Cu
Jun 18, 2018
—
Wiberg Ents LLC
—
Deed
related
$1,420,476 · Family Resource Home Care INC
Jan 2, 2018
$700,000
Wiberg Ents LLC
Marsh & Partners LLC
Grant Deed
—
Jul 31, 2015
$700,000
Wiberg Enterprises LLC
Marsh & Partners LLC
Warranty Deed
$489,000 · Celtic Bank Corporation
May 5, 2004
—
Marsh & Co LLC
Runcorn,mary E
Quit Claim Deed
related
—
Dec 14, 2000
$455,000
Marsh & Co LLC
Hatch,greg & Julie
Grant Deed
$230,437 · Inland Northwest Bank
—
—
Marsh & Partners LLC
—
Deed Of Trust
related
$300,000 · American West Bank
—
—
Marsh & Co LLC
—
Deed Of Trust
related
$190,000 · Northwest Business Dev Assn
—
—
Wiberg Ents LLC
—
Deed Of Trust
related
$1,420,476 · Family Resource Home Care INC
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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