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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office buildings
207 Nora Ave Spokane, WA 99205-4848
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3140519
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1901
Total area
2,250 SF
Lot
0.32 ac (13,750 SF)
APN
35074.6720
UPID
US90-3140519
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
-
Triumph Community Services Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$590k
Owner & transaction history
Kage Investments LLC · 3 yrs held
Kage Investments LLC
since 2022
Last sale
$645,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$535,000
+8.4%
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
$585,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$495,000
Current use
MEDICAL BUILDING
$535,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$445,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $645k (Dec 14 2022)
Last sale anchor
$645k
Dec 14 2022
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
$262 / 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
$3,764
Tax year 2023
Assessed value
$384,800
Assessed 2024
Previous assessed
$337,900
+13.9% YoY
Effective rate
0.98%
On assessed value
Assessed land
$82,500
Assessed improvement
$302,300
Land market value
$82,500
Improvement market value
$302,300
Total market value
$384,800
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
1901
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Total area
2,250 SF
Lot
0.32 ac (13,750 SF)
APN
35074.6720
UPID
US90-3140519
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
$495,000
MEDICAL BUILDING
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$445,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1901
Heating
FORCED AIR
Stories
2
Rooms
6
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Kage Investments LLC
Entity
Mailing address
1424 N ARGONNE RD, SPOKANE VALLEY, WA 99212-2685
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
$645,000
Kage Investments LLC
Antava LLC
Warranty Deed
$483,750 · Geauga Cu INC
May 14, 2018
$339,450
Antava LLC
N&n LLC
Warranty Deed
$257,083 · Columbia State Bank
Jun 9, 2008
$280,000
N & N LLC
Future Vision Properties LLC
Warranty Deed
$224,000 · Key Bank NA
Apr 26, 2006
$45,000
Future Vision Properties LLC
Smith,kenneth J
Warranty Deed
$55,000 · Sterling Savings Bank
Oct 7, 2005
$19,378
Kenneth J Smith
Maples,bradley K SR & Maureen L
Warranty Deed
$110,000 · Patrick & Geraldine Prentice
Sep 20, 2004
—
Mark S Foxley
Emery,howard B & Nancy M
Warranty Deed
related
—
Sep 2, 2004
$100,000
Future Vision Properties LLC
Asher & Assocs Real Estate
Warranty Deed
$58,030 · Sterling Savings Bank
Aug 31, 2004
$97,500
Bradley K Maples SR.
Greene,jon E & Kristi L
Warranty Deed
$76,000 · Spokane Teachers Cu
—
—
N & N LLC
—
Deed Of Trust
related
$201,248 · Key Bank NA
—
—
N & N LLC
—
Deed Of Trust
related
$135,000 · Key Bank NA
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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