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Property profile & analytics
OFF-MARKET
Estimated value
$15,410,000
Banks
201 Wn Riv Dr Spokane, WA 99201-2284
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0579008
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1985
Total area
17,282 SF
Lot
1.76 ac (76,665 SF)
APN
35184.0088
UPID
US90-0579008
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
$10.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.41M
Owner & transaction history
Icp Spokane II LLC · 4 yrs held
Icp Spokane II LLC
since 2021
Last sale
$21.3M
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 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
Method
Estimation
Statistic approach
by Request
ML approach
$10,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.41M
Range $13.87M – $16.95M · ±10% · vs last sale $21.29M (Sep 23 2021)
Last sale anchor
$21.29M
Sep 23 2021
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
$892 / 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
$198,627
Tax year 2023
Assessed value
$20,369,590
Assessed 2024
Previous assessed
$13,118,330
+55.3% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,108,290
Assessed improvement
$18,261,300
Land market value
$2,108,290
Improvement market value
$18,261,300
Total market value
$20,369,590
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
2
Stories
3
Total area
17,282 SF
Lot
1.76 ac (76,665 SF)
APN
35184.0088
UPID
US90-0579008
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
1985
Heating
NONE
Stories
3
Buildings
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Icp Spokane II LLC
Entity
Mailing address
818 W RIVERSIDE AVE STE #300, SPOKANE, WA 99201-0910
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$21,290,000
Icp Spokane II LLC
Dpgb Wa 1 LLC
Bargain And Sale Deed
$14,500,000 · Glacier Bank
Jul 26, 2019
—
Dpgb Wa 1 LLC
—
Deed
related
$13,500,000 · Glacier Bank
Mar 25, 2019
—
Dpgb-wa-1 LLC
—
Deed
related
$1,455,746 · Glacier Bk Fsb
Oct 19, 2015
—
Dpgb Wa-1 LLC
201 North River LLC
Warranty Deed
$10,325,000 · Glacier Bank
Jul 31, 2013
—
201 North River LLC
Foster,michael R
Warranty Deed
—
Jun 26, 2013
—
Feiner Family Trust
Feiner,larry R
Quit Claim Deed
related
—
Jun 29, 2004
—
William B Mitchell
Mitchell,vicki L
Quit Claim Deed
related
—
Mar 28, 2002
—
Michael R Foster
Ross,gretchen
Quit Claim Deed
related
$2,607,279 · West Coast Hospitality LP
Mar 28, 2002
$10,573,200
Florin I Ltd
Westcoast Hospitality LP
Grant Deed
—
Jul 31, 1997
—
Goodale & Barberi Co
—
Deed Of Trust
related
$7,800,000 · Washington Trust Bank
Aug 1, 1996
—
North River Drive Co
West 201 North River Drive LP
Quit Claim Deed
related
—
—
—
Lion Hotels LP Red
—
Deed Of Trust
related
$9,850,000 · Glacier Bank Fsb
—
—
Westcoast Hospitality LP
—
Deed Of Trust
related
$10,125,000 · Washington Mutual Fsb
—
—
Dpgb-wa-1 LLC
—
Loan Modification
related
$1,455,746 · Glacier Bk Fsb
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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