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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail space
17905 Appleway Ave Ste D Spokane Valley, WA 99016-5353
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0454394
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
8,076 SF
Lot
1.07 ac (46,723 SF)
APN
55184.1538
UPID
US90-0454394
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
-
Nissa Gese, DVM Veterinary Clinic
-
Greenacres Animal Clinic Veterinary Clinic
-
Northwest Pilot Car Network Transportation Escort Service
-
The Boneyard Bar & Pub Nightclub
-
Side Hustle Syrups Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$635k
Owner & transaction history
The Phoenix Land Company LLC · 7 yrs held
The Phoenix Land Company LLC
since 2019
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
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)
$1,035,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$79 / 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
$7,199
Tax year 2023
Assessed value
$653,430
Assessed 2024
Previous assessed
$597,130
+9.4% YoY
Effective rate
1.10%
On assessed value
Assessed land
$163,530
Assessed improvement
$489,900
Land market value
$163,530
Improvement market value
$489,900
Total market value
$653,430
Applied tax rate
144.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Rooms
4
Bathrooms
1
Total area
8,076 SF
Lot
1.07 ac (46,723 SF)
APN
55184.1538
UPID
US90-0454394
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
INDUSTRIAL (GENERAL)
Est. value
$1.0M
INDUSTRIAL (GENERAL)
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
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
The Phoenix Land Company LLC
Entity
Mailing address
218 N FARR RD, SPOKANE VALLEY, WA 99206-3791
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
—
The Phoenix Land Company LLC
—
Deed
related
$475,000 · Banner Bank
Feb 14, 2019
$480,000
The Phoenix Land Company LLC
Done Deal Properties 2 LLC
Warranty Deed
$406,200 · Wells Fargo Bank NA
Sep 28, 2016
$230,000
Done Deal Properties 2 LLC
Shele Lutz
Warranty Deed
$325,000 · Rosebutte Ranch LLC
Jul 8, 2009
$300,000
Duaine Courchaine
Gillingham Family Trust
Dual Purpose Document
$375,000 · Gillingham Family Trust (lt)
Feb 6, 2009
$202,098
Gillingham Family Living Trust
Washington Foreclosure
Trustees Deed
—
Aug 9, 2007
—
City Of Spokane Valley
Arnold,allen H & Kriss A
Warranty Deed
—
Jun 6, 2003
$180,000
Allen H Arnold
Washington Trust Bank
Grant Deed
—
Sep 4, 2002
$273,060
Washington Trust Bank
Madden,jeffrey A & Kelli D
Trustees Deed
related
—
—
—
Jeffrey A Madden
—
Deed Of Trust
related
$245,000 · Washington Trust Bank
—
—
Allen H Arnold
—
Deed Of Trust
related
$185,000 · Corinne Y Gillingham
—
—
Allen H Arnold
—
Deed Of Trust
related
$30,000 · Aaron L Gillingham
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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