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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Retail space
202 Msn Ave, Spokane, WA 99202-1819
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0988079
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Total area
16,480 SF
Lot
0.65 ac (28,400 SF)
APN
35172.0501
UPID
US90-0988079
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
-
Dorian Studio Inc Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$2.45M
Owner & transaction history
202 On A Mission LLC · 1 yrs held
202 On A Mission LLC
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+65.7%
Restaurant
$3.7M
+54.4%
Auto repair, garage
$3.3M
+37.7%
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%
$2,850,000
6.5%
$2,630,000
7%
$2,445,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,365,000
Current use
MEDICAL BUILDING
$3,920,000
Change: +66% · Conversion: Difficult
RESTAURANT
$3,655,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,255,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,965,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,660,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $3.14M (Mar 2 2025)
Last sale anchor
$3.14M
Mar 2 2025
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
$149 / 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
$14,183
Tax year 2023
Assessed value
$1,453,400
Assessed 2024
Previous assessed
$1,302,900
+11.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$312,400
Assessed improvement
$1,141,000
Land market value
$312,400
Improvement market value
$1,141,000
Total market value
$1,453,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Heating
NONE
Stories
2
Bathrooms
1
Total area
16,480 SF
Lot
0.65 ac (28,400 SF)
APN
35172.0501
UPID
US90-0988079
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
RETAIL STORES Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1957
Heating
NONE
Stories
2
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
202 On A Mission LLC
Entity
Mailing address
4212 W SUNSET BLVD, SPOKANE, WA 99224-2015
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
$3,136,500
202 On A Mission LLC
Bulldog Family Development LLC
Warranty Deed
$2,820,000 · Numerica Cu
Jul 26, 2019
—
Mission Heights LLC
—
Deed
related
$1,400,000 · Washington Trust Bank
Apr 5, 2019
—
Mission Heights LLC
Par Mark Shoreline LLC
Warranty Deed
—
Aug 1, 2018
—
Par Mark Shoreline LLC
Eat Six LLC
Quit Claim Deed
related
—
May 2, 2018
$1,300,000
Eat Six LLC
Kimmel Properties INC
Quit Claim Deed
related
—
—
—
Kimmel Athletic Supply Co INC
—
Loan Modification
related
—
—
—
Kimmel Athletic Supply Co INC
—
Deed Of Trust
related
$235,000 · American West Bank
—
—
Kimmel Athletic Supply Co INC
—
Deed Of Trust
related
$200,000 · American West Bank
—
—
Kimmel Athletic Supply Co INC
—
Deed Of Trust
related
$450,000 · American West Bank
—
—
Kimmel Athletic Supply Co INC
—
Loan Modification
related
—
—
—
Kimmel Athletic Supply Co INC
—
Deed Of Trust
related
$100,000 · First Interstate Bank Washingt
—
—
Kimmel Athletic Supply Co INC
—
Deed Of Trust
related
$300,000 · American West Bank
—
—
Kimmel Athletic Supply Co INC
—
Deed Of Trust
related
$1,835,000 · 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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