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Property profile & analytics
OFF-MARKET
Office buildings
201 1st St, Cheney, WA 99004-1503
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-0419562
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1909
Construction
STEEL FRAME
Total area
1,236 SF
Lot
0.11 ac (4,700 SF)
APN
13132.5701
UPID
US90-0419562
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
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
Janet G Wightman · 5 yrs held
Janet G Wightman
since 2020
6 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 Cheney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheney 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
$1,507
Tax year 2023
Assessed value
$179,200
Assessed 2024
Previous assessed
$166,200
+7.8% YoY
Effective rate
0.84%
On assessed value
Assessed land
$37,600
Assessed improvement
$141,600
Land market value
$37,600
Improvement market value
$141,600
Total market value
$179,200
Applied tax rate
110.0000
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
1909
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
1,236 SF
Lot
0.11 ac (4,700 SF)
APN
13132.5701
UPID
US90-0419562
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
1909
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Janet G Wightman
Individual
Free & Clear · 5 yrs held
Mailing address
201 1ST ST, CHENEY, WA 99004-1503
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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 3, 2021
—
Janet Galley Wightman
—
Deed
related
$30,000 · Banner Bank
Dec 10, 2020
—
Janet G Wightman
Joshua C Sahnow
Grant Deed
related
—
Nov 12, 2020
—
Janet G Wightman
—
Deed
related
$76,400 · Envoy Mortgage Ltd
May 29, 2019
$165,000
Janet G Wightman
Sahnow,joshua C
Grant Deed
related
—
Jul 23, 2010
$50,000
Joshua C Sahnow
Cheney Chamber Of Commerce
Warranty Deed
—
Jun 18, 1996
$62,000
Cheney Chamber Of Commerce
Harrison,david C & Norma E
Grant Deed
$47,692 · Seller
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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