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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Bars & Pubs
21 Dishman Rd, Spokane Valley, WA 99206-3136
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0021344
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1974
Total area
2,120 SF
Lot
1.11 ac (48,168 SF)
APN
45191.0105
UPID
US90-0021344
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$510k
Owner & transaction history
Lawrence N Schmedding · 4 yrs held
Lawrence N Schmedding
since 2022
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$505,000
+7.3%
Retail stores
$490,000
+3.9%
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$415,000
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$470,000
Current use
MEDICAL BUILDING
$505,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$490,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$420,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$400,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $600k (Jan 4 2022)
Last sale anchor
$600k
Jan 4 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
$241 / 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
$4,552
Tax year 2023
Assessed value
$398,010
Assessed 2024
Previous assessed
$358,310
+11.1% YoY
Effective rate
1.14%
On assessed value
Assessed land
$289,010
Assessed improvement
$109,000
Land market value
$289,010
Improvement market value
$109,000
Total market value
$398,010
Applied tax rate
148.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
2,120 SF
Lot
1.11 ac (48,168 SF)
APN
45191.0105
UPID
US90-0021344
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
RESTAURANT Current
Est. value
$470,000
MEDICAL BUILDING
Est. value
$505,000
RETAIL STORES
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$420,000
OFFICE BUILDING
Est. value
$400,000
RESTAURANT Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1974
Heating
NONE
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Lawrence N Schmedding
Individual
Mailing address
PO BOX 612, GREENACRES, WA 99016-0612
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2022
$600,000
Lawrence N Schmedding
Third Letter L LLC
Warranty Deed
$550,000 · Third Letter L LLC
Jun 6, 2007
$450,000
Third Letter L LLC
Nicholas M Damascus
Warranty Deed
$450,000 · Us Bank NA
Jan 24, 2007
$140,000
Nicholas M Damascus
Damascus Michael N
Warranty Deed
—
—
—
Third Letter L LLC
—
Deed Of Trust
related
$277,600 · 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.
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