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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
1801 Broadway Ave Spokane, WA 99201-1819
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3240107
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,117 SF
Lot
0.26 ac (11,496 SF)
APN
25134.1511
UPID
US90-3240107
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
-
Evergreen Naturopathic Gym & Fitness Center Alternative Medicine Practice
-
Insight Thermal Imaging Medical Clinic
-
Dr. Maria Lams Alternative Medicine Practice
-
The Myofascial Release4Chronic Pain Center Alternative Medicine Practice Spa & Massage Center
-
Dr. Robert Friendt Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.41M
Owner & transaction history
Integrative Health Building LLC · 7 yrs held
Integrative Health Building LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+76.7%
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%
$1,305,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,265,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,240,000
Change: +77% · Conversion: Easy
MEDICAL BUILDING
$1,215,000
Change: -4% · Conversion: Easy
RESTAURANT
$1,135,000
Change: -10% · Conversion: Moderate
RETAIL STORES
$1,105,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±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
$275 / 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
$14,076
Tax year 2023
Assessed value
$1,442,380
Assessed 2024
Previous assessed
$1,263,680
+14.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$68,980
Assessed improvement
$1,373,400
Land market value
$68,980
Improvement market value
$1,373,400
Total market value
$1,442,380
Applied tax rate
12.0000
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
2
Total area
5,117 SF
Lot
0.26 ac (11,496 SF)
APN
25134.1511
UPID
US90-3240107
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 Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RESTAURANT
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
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Integrative Health Building LLC
Entity
Mailing address
7616 E GREENBLUFF RD, COLBERT, WA 99005-9551
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2021
—
Ebergreen Naturopathic INC
—
Deed
related
$1,131,551 · Washington Trust Bank
Jun 10, 2020
—
Integrative Health Building LLC
—
Deed
related
$2,036,798 · Washington Trust Bank
Mar 11, 2019
$445,000
Integrative Health Building LLC
Rodney Evans
Warranty Deed
$333,595 · Washington Trust Bank
Jun 28, 2017
$400,000
Rodney Evans
G & T Real Estate LLC
Warranty Deed
$295,000 · Spokane Teachers Cu
Nov 19, 2014
—
G&t Real Estate LLC
The Liquidating Trust
Quit Claim Deed
related
$345,000 · Columbia State Bank
Sep 19, 2006
$650,000
D & D & Associates LLC
Lazy M LLC
Warranty Deed
—
Aug 17, 2001
$240,000
Lazy M LLC
Wallace,dennis M
Grant Deed
—
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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