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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Grocery and convenience stores
1808 3rd Ave Spokane, WA 99201-7410
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1468070
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1949
Construction
STEEL FRAME
Total area
32,902 SF
Lot
1.93 ac (84,196 SF)
APN
25241.2209
UPID
US90-1468070
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
-
Rosauers Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
U.S. Bank ATM Atm
-
Coinstar Atm Currency Exchange Service
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Rpi Properties INC · 12 yrs held
Rpi Properties INC
since 2014
4 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$106 / 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
$30,107
Tax year 2023
Assessed value
$3,086,540
Assessed 2024
Previous assessed
$2,521,540
+22.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,262,940
Assessed improvement
$1,823,600
Land market value
$1,262,940
Improvement market value
$1,823,600
Total market value
$3,086,540
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1949
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Total area
32,902 SF
Lot
1.93 ac (84,196 SF)
APN
25241.2209
UPID
US90-1468070
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
1949
Construction
STEEL FRAME
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Lot
1.93 ac
Current owner
From public records · entity-resolved
Rpi Properties INC
Entity
Mailing address
PO BOX 9000, SPOKANE, WA 99209-9000
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2014
—
Rpi Properties INC
—
Loan Modification, Consolidation And Extension
related
$78,000,000 · Bank Of Montreal
Dec 20, 2010
—
Rpi Properties INC
—
Deed Of Trust
related
$78,000,000 · Bank Of Montreal
May 14, 2009
—
Rpi Properties INC
—
Deed Of Trust
related
$73,000,000 · Bank Of Montreal
Jun 13, 2000
—
Rpi Properties INC
—
Deed Of Trust
related
$73,000,000 · Harris Trust & Savings Trustee
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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