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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
20 Evergreen Rd, Spokane Valley, WA 99216-5083
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0266975
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
3,915 SF
Lot
0.49 ac (21,430 SF)
APN
45143.9009
UPID
US90-0266975
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
-
Jeannie Tran Physician
-
Justin Burgerson Physician
-
Dr. Navdeep Virk Dental Office
-
Jennifer Schweitzer Physician
-
Navdeep Singh Virk Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$346k
Blend (final)
Blend
$545k
Owner & transaction history
Buttar & Virk Holdings LLC · 16 yrs held
Buttar & Virk Holdings LLC
since 2010
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$845,000
+6.5%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Current use
OFFICE BUILDING
$845,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$139 / 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
$13,598
Tax year 2023
Assessed value
$1,410,500
Assessed 2024
Previous assessed
$1,315,400
+7.2% YoY
Effective rate
0.96%
On assessed value
Assessed land
$214,300
Assessed improvement
$1,196,200
Land market value
$214,300
Improvement market value
$1,196,200
Total market value
$1,410,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Total area
3,915 SF
Lot
0.49 ac (21,430 SF)
APN
45143.9009
UPID
US90-0266975
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
MEDICAL BUILDING Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$845,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
2009
Heating
NONE
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Buttar & Virk Holdings LLC
Entity
Mailing address
7527 117TH PL SE, NEWCASTLE, WA 98056-1759
Ownership since
2010
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
Mar 24, 2026
—
Virk And Buttar Holding LLC
—
Deed
related
$315,000 · Columbia Bank
Jan 15, 2020
—
Virk And Buttar Holdings LLC
—
Deed
related
$725,000 · Umpqua Bank
Feb 5, 2010
—
Buttar & Virk Holdings LLC
E & S Dev LLC
Grant Deed
—
Jan 29, 2010
$61,000
Virk & Buttar Holding LLC
Buttar & Virk Holdings LLC
Quit Claim Deed
related
$550,000 · Washington Trust Bank
Apr 10, 2009
$305,000
Buttar & Virk Holdings LLC
E & S Dev LLC
Dual Purpose Document
$230,000 · E&s Dev LLC
—
—
Virk & Buttar Holding LLC
—
Deed Of Trust
related
$456,000 · Northwest Busn Dev Assn
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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