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Property profile & analytics
OFF-MARKET
Office buildings
17927 Appleway Ave, Spokane Valley, WA 99016-9302
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0400254
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
3,741 SF
Lot
1.06 ac (46,247 SF)
APN
55184.1539
UPID
US90-0400254
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
-
Greenacres Residential Care Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael A Landers · 6 yrs held
Michael A Landers
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,128
Tax year 2023
Assessed value
$363,260
Assessed 2024
Previous assessed
$336,960
+7.8% YoY
Effective rate
1.14%
On assessed value
Assessed land
$161,860
Assessed improvement
$201,400
Land market value
$161,860
Improvement market value
$201,400
Total market value
$363,260
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
3,741 SF
Lot
1.06 ac (46,247 SF)
APN
55184.1539
UPID
US90-0400254
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
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
1
Buildings
2
Bathrooms
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Michael A Landers
Individual
Mailing address
723 N GARRY DR, LIBERTY LAKE, WA 99019-7509
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
—
Brian M Chavez
—
Deed
related
$163,500 · Mountain West Bank
Dec 1, 2022
—
Greenacres Residential Care LLC
—
Deed
related
$1,875,333 · Department Of Commerce Community Capital
Nov 9, 2022
—
Michael A Landers
—
Deed
related
—
Aug 27, 2019
—
Michael A Landers
Gillingham Fam L/tr
Grant Deed
—
Feb 24, 2011
$225,000
Michael A Landers
Gillingham Family Trust
Dual Purpose Document
$175,000 · Gillingham Family Trust (rt)
May 19, 2009
$239,630
Monte L Masingale
Gillingham Family Trust
Dual Purpose Document
$239,630 · Gillingham Family Trust (rt)
Dec 30, 2002
$200,000
Allen H Arnold
Gillingham,tr
—
$185,000 · Gillingham Trust
Jul 27, 2001
—
Charles L Gillingham
Huffman,douglas L & Gloria S
Quit Claim Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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