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Property profile & analytics
OFF-MARKET
Office buildings
18223 Appleway Ave, Spokane Valley, WA 99016-9564
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0695344
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
1,488 SF
Lot
0.17 ac (7,613 SF)
APN
55184.1533
UPID
US90-0695344
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
-
Liberty Acres Mercantile and Event Center (Bike/Boat/Book/etc) Store
-
Shuster Paralegal Services Inc Law Firm
-
Liberty Acres Event Center Hotel & Motel Resort
-
Spokane Realty Consultants - SeniorSold.com Real Estate Agency
-
http://www.scentsey.scentsy.us Courtney Boatsman - Shop Online NOW for home delivery! Big Box & Wholesale Store Factory
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
Robert A Boatsman · 2 yrs held
Robert A Boatsman
since 2024
Last sale
$427,500
5 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
$1,816
Tax year 2023
Assessed value
$183,450
Assessed 2024
Previous assessed
$183,450
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$30,450
Assessed improvement
$153,000
Land market value
$30,450
Improvement market value
$153,000
Total market value
$183,450
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
1925
Heating
NONE
Stories
1
Bathrooms
0
Total area
1,488 SF
Lot
0.17 ac (7,613 SF)
APN
55184.1533
UPID
US90-0695344
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
1925
Heating
NONE
Stories
1
Bathrooms
0
Lot
0.17 ac
Current owner
From public records · entity-resolved
Robert A Boatsman
Individual
Mailing address
15603 E 21ST CT, SPOKANE VALLEY, WA 99037-8376
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$189,044
Robert A Boatsman
Malcolm C Wicks
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
Apr 29, 2024
$427,500
Chahal LLC
Courtney C Boatsman
Warranty Deed
$250,000 · Mountain Valley Bank
Aug 7, 2013
$90,000
Malcolm C Wicks
Japasa LLC
Warranty Deed
$80,000 · Jereal L Hill
Jul 17, 2013
$147,102
Japasa LLC
Washington Foreclosure
Trustees Deed
related
—
Feb 27, 1996
$75,000
Leroy P Shuster
Developers International INC
Grant Deed
$78,200 · United Security Bank
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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