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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Apartment buildings
2012 4th Ave Spokane, WA 99201-7688
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-3326822
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1948
Construction
STEEL FRAME
Total area
6,660 SF
Lot
0.43 ac (18,673 SF)
APN
25241.3307
UPID
US90-3326822
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
$1.02M
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.47M
Owner & transaction history
Bruck Ent LLC · 8 yrs held
Bruck Ent LLC
since 2018
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$220 / 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
$23,475
Tax year 2023
Assessed value
$2,406,300
Assessed 2024
Previous assessed
$1,606,100
+49.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$186,730
Assessed improvement
$2,219,570
Land market value
$186,730
Improvement market value
$2,219,570
Total market value
$2,406,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1948
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
25
Bathrooms
25
Total area
6,660 SF
Lot
0.43 ac (18,673 SF)
APN
25241.3307
UPID
US90-3326822
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
1948
Construction
STEEL FRAME
Heating
NONE
Stories
2
Units
25
Bathrooms
25
Lot
0.43 ac
Current owner
From public records · entity-resolved
Bruck Ent LLC
Entity
Free & Clear · 8 yrs held
Mailing address
16802 N GOLDEN DR, COLBERT, WA 99005-9666
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2018
$2,600,000
Bruck Ent LLC
Treit LLC
Warranty Deed
—
Jun 1, 2004
—
Treit LLC
—
Deed Of Trust
related
$1,100,000 · Lasalle Bank Fsb
Oct 31, 2003
$1,545,000
Treit LLC
Histalb LLC
Grant Deed
—
Mar 29, 2002
$1,045,454
Histalb LLC
Schindler,james C & Ellen M
Trustees Deed
$1,276,600 · American West Bank
Mar 29, 2002
$3,094
James C Schindler
Blomberg,tanna C
Quit Claim Deed
related
—
—
—
Histalb LLC
—
Deed Of Trust
related
$385,035 · James C & Ellen M Schindler
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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