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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Investment properties
1802 Sprague Ave Spokane, WA 99202-3119
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-3301939
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1907
Total area
4,500 SF
Lot
0.16 ac (7,100 SF)
APN
35212.0301
UPID
US90-3301939
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
-
ERA Vintage & Home Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
$825k
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$920k
Owner & transaction history
S And M Holdings Sprague LLC · 3 yrs held
S And M Holdings Sprague LLC
since 2022
Last sale
$990,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+55.0%
Medical building
$1.1M
+47.4%
Auto repair, garage
$890,000
+22.5%
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
$900,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$825,000
7%
$770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$725,000
Current use
OFFICE BUILDING
$1,125,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$1,070,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$645,000
Change: -11% · Conversion: Easy
WAREHOUSE, STORAGE
$600,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $990k (Oct 12 2022)
Last sale anchor
$990k
Oct 12 2022
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
$204 / 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
$4,387
Tax year 2023
Assessed value
$448,700
Assessed 2024
Previous assessed
$398,250
+12.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$49,700
Assessed improvement
$399,000
Land market value
$49,700
Improvement market value
$399,000
Total market value
$448,700
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
1907
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Bathrooms
9
Total area
4,500 SF
Lot
0.16 ac (7,100 SF)
APN
35212.0301
UPID
US90-3301939
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
$725,000
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$890,000
RETAIL STORES
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$600,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1907
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
9
Lot
0.16 ac
Current owner
From public records · entity-resolved
S And M Holdings Sprague LLC
Entity
Free & Clear · 3 yrs held
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
$500,280
S And M Holdings Sprague LLC
Janice D Raschko
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
Oct 12, 2022
$990,000
Seven Too Many 1802 LLC
S And M Holdings Sprague LLC
Warranty Deed
$608,375 · Numerica Cu
Oct 10, 2016
$500,000
S & M Holdings-sprague LLC
Raschko,keith J & Janice D
Dual Purpose Document
related
$490,000 · Keith J & Janice D Raschko
Jul 8, 2008
—
Keith J Rashcko
Raschko,keith J
Quit Claim Deed
related
—
Jan 6, 2005
$319,000
Keith J Raschko
Ankcorn,richard R & Diana C
Warranty Deed
$299,000 · Richard R & Diane C Ankcorn
—
—
Keith J Raschko
—
Deed Of Trust
related
$27,749 · 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.
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