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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Turn key restaurants
20 Raymond Rd Spokane Valley, WA 99206-3729
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0262288
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1971
Total area
8,146 SF
Lot
0.92 ac (40,161 SF)
APN
45174.1808
UPID
US90-0262288
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$466k
Blend (final)
Blend
$550k
Owner & transaction history
Shogun INC · 7 yrs held
Shogun INC
since 2018
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$68 / 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
$8,692
Tax year 2023
Assessed value
$836,670
Assessed 2024
Previous assessed
$785,870
+6.5% YoY
Effective rate
1.04%
On assessed value
Assessed land
$240,970
Assessed improvement
$595,700
Land market value
$240,970
Improvement market value
$595,700
Total market value
$836,670
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1971
Heating
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
8,146 SF
Lot
0.92 ac (40,161 SF)
APN
45174.1808
UPID
US90-0262288
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
1971
Heating
NONE
Stories
1
Buildings
2
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Shogun INC
Entity
Mailing address
2234 S STEEN RD, SPOKANE VALLEY, WA 99037-8010
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Shogun INC
—
Deed
related
$612,200 · United States Small Business Admin
Oct 2, 2018
$700,000
Shogun INC
M3k LLC
Warranty Deed
$550,000 · M3k LLC
Jun 22, 2012
$251,000
M3k LLC
Lanes,harold S
Warranty Deed
—
Jun 9, 2011
$107,193
Harold S Lanes
Lanes,dorothy A
Warranty Deed
related
$150,000 · Gillingham C Living Trust (rt)
Aug 16, 2001
$375,000
Earl V Lanes
Thomson,norm
—
$375,000 · Norm
Jul 11, 2001
$280,000
Norm Thompson
James T Pipers Md Pp
Grant Deed
$230,000 · James T Pipers Md Pp
Aug 1, 2000
—
Popers Trust
Johnson,chris A
Trustees Deed
related
—
Apr 23, 1998
$500,000
William R Hathaway
Pipers Trust
Grant Deed
$448,000 · Seller
—
—
Dorothy A Lanes
—
Deed Of Trust
related
$12,500 · Gillingham C Living Trust (lt)
—
—
Earl V Lanes
—
Deed Of Trust
related
$300,000 · American West 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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