Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Investment properties
1722 Sprague Ave Spokane, WA 99202-3109
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0597917
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
10,224 SF
Lot
0.33 ac (14,200 SF)
APN
35212.0205
UPID
US90-0597917
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
-
Talent Growth Group Consultant
-
Transworld Business Advisors of Spokane Appraiser Business Development Service
-
Wake Up Call - Union District Cafe Cafe & Coffee Shop
-
Burbity Workspaces - Sprague Coworking & Hybrid Office
-
New Beginnings Student Loan Advocacy Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.69M
Owner & transaction history
1724 Sprague LLC · 6 yrs held
1724 Sprague LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+55.0%
Medical building
$2.4M
+47.4%
Restaurant
$2.3M
+37.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,035,000
6.5%
$1,880,000
7%
$1,745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,650,000
Current use
OFFICE BUILDING
$2,555,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$2,430,000
Change: +47% · Conversion: Easy
RESTAURANT
$2,265,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,020,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,840,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$1,470,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±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
$165 / 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
$12
Tax year 2023
Assessed value
$1,308,500
Assessed 2024
Previous assessed
$1,063,900
+23.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$99,400
Assessed improvement
$1,209,100
Land market value
$99,400
Improvement market value
$1,209,100
Total market value
$1,308,500
Applied tax rate
10.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Bathrooms
6
Total area
10,224 SF
Lot
0.33 ac (14,200 SF)
APN
35212.0205
UPID
US90-0597917
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
$1.7M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1910
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
6
Lot
0.33 ac
Current owner
From public records · entity-resolved
1724 Sprague LLC
Entity
Mailing address
108 N WASHINGTON ST STE #500, SPOKANE, WA 99201-5001
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2020
—
1724 Sprague LLC
—
Deed
related
$1,873,866 · Numerica Cu
Sep 30, 2019
—
1724 Sprague LLC
Steve Schmautz
Quit Claim Deed
related
$1,860,000 · Numerica Cu
Aug 16, 2019
$560,000
Steve Schmautz
Torminos Sash & Glass INC
Warranty Deed
—
May 15, 2019
—
Torminos Sash & Glass INC
Magers,marlene F & Sandra L
Grant Deed
related
—
—
—
1724 Sprague LLC
—
Loan Modification
related
$1,873,866 · Numerica Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1722 Sprague Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
