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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Hotels
211 Division St, Spokane, WA 99202-1424
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-2881303
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Total area
35,000 SF
Lot
1.01 ac (44,200 SF)
APN
35202.2214
UPID
US90-2881303
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
-
La Quinta Inn & Suites by Wyndham Spokane Downtown Hotel & Motel
-
BMW of Spokane Auto Repair Shop
-
Borracho Tacos & Tequileria Restaurant
-
Hotel Market Solutions Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.34M
Owner & transaction history
Bridge Hospitality LLC · 7 yrs held
Bridge Hospitality LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.8M
+28.9%
Medical building
$3.2M
+6.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,980,000
Current use
RETAIL STORES
$3,840,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$3,175,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±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
$67 / 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
$62,373
Tax year 2023
Assessed value
$6,395,600
Assessed 2024
Previous assessed
$4,561,500
+40.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,215,500
Assessed improvement
$5,180,100
Land market value
$1,215,500
Improvement market value
$5,180,100
Total market value
$6,395,600
Applied tax rate
14.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1987
Heating
NONE
Stories
4
Units
80
Total area
35,000 SF
Lot
1.01 ac (44,200 SF)
APN
35202.2214
UPID
US90-2881303
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
HOTEL/MOTEL Current
Est. value
$3.0M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.2M
HOTEL/MOTEL Current
RETAIL STORES
MEDICAL 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
1987
Heating
NONE
Stories
4
Units
80
Lot
1.01 ac
Current owner
From public records · entity-resolved
Bridge Hospitality LLC
Entity
Mailing address
800 GEORGE WASHINGTON WAY, RICHLAND, WA 99352-3538
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2018
—
Bridge Hospitality LLC
Sandhu,rajbir S & Sukhbir K
Quit Claim Deed
related
$6,720,000 · Numerica Cu
Jun 27, 2017
—
Sukhbir Sandhu
—
Deed
related
$2,475,000 · Umpqua Bank
Dec 31, 2014
$1,800,000
Glenpark Building
Dsk LLC
Warranty Deed
—
Apr 11, 2006
—
Chelsea Investments LLC
Vista II Ltd
Quit Claim Deed
related
—
May 13, 2005
—
Chelsea Investments LLC
Musafar Investments LLC
Warranty Deed
$3,000,000 · Artesia Mtg Cap
—
—
Dsk LLC
—
Deed Of Trust
related
$503,000 · Intelliglobe LLC
—
—
Dsk LLC
—
Loan Modification
related
$2,887,500 · Bbcn Bk
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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