New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,855,000
Office buildings
2020 29th Ave Spokane, WA 99203-3917
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2759965
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
27,102 SF
Lot
2.72 ac (118,346 SF)
APN
35332.4712
UPID
US90-2759965
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
-
Van Gemert Becky DDS Dental Office
-
Dr. Susan M. Kohls, DDS Dental Office
-
Mary F. Miller, Ph.D. Physician Medical Clinic
-
The Emily Program Eating Disorder Treatment Center Medical Clinic
-
Ellen Arguinchona Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.37M
Comparable Approach
Comparable
$6.00M
Blend (final)
Blend
$5.86M
Owner & transaction history
City Of Spokane · 9 yrs held
City Of Spokane
since 2016
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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,900,000
6.5%
$6,370,000
7%
$5,915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,780,000
Current use
MEDICAL BUILDING
$6,445,000
Change: -5% · Conversion: Easy
RETAIL STORES
$6,240,000
Change: -8% · Conversion: Moderate
RESTAURANT
$6,005,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$5.86M
Range $5.27M – $6.44M · ±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
$216 / 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
$80,020
Tax year 2023
Assessed value
$8,205,440
Assessed 2024
Previous assessed
$7,330,640
+11.9% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,005,940
Assessed improvement
$7,199,500
Land market value
$1,005,940
Improvement market value
$7,199,500
Total market value
$8,205,440
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Heating
NONE
Stories
2
Total area
27,102 SF
Lot
2.72 ac (118,346 SF)
APN
35332.4712
UPID
US90-2759965
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
OFFICE BUILDING Current
Est. value
$6.8M
MEDICAL BUILDING
Est. value
$6.4M
RETAIL STORES
Est. value
$6.2M
RESTAURANT
Est. value
$6.0M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
2010
Heating
NONE
Stories
2
Lot
2.72 ac
Current owner
From public records · entity-resolved
City Of Spokane
Entity
Free & Clear · 9 yrs held
Mailing address
801 W RIVERSIDE AVE STE #400, SPOKANE, WA 99201-0908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
—
29th & Martin LLC
—
Deed
related
$8,540,000 · Numerica Cu
Aug 11, 2016
—
City Of Spokane
29th & Martin LLC
Quit Claim Deed
related
—
Nov 19, 2008
—
City Of Spokane
29th & Martin LLC
Quit Claim Deed
related
—
Jul 1, 2008
—
29th & Martin LLC
Global Credit Union INC
Quit Claim Deed
related
—
Apr 9, 2008
$765,000
29th & Martin LLC
Dawson,edward A
Warranty Deed
$375,000 · Sterling Svgs Bk
Oct 11, 2007
$210,000
Dawson,edward A
B & B Ents
Quit Claim Deed
related
$275,000 · Cls Mtg
—
—
29th & Martin LLC
—
Deed Of Trust
related
$8,540,000 · Numerica Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2020 29th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
