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Property profile & analytics
OFF-MARKET
Banks
213 Main St Fairfield, WA 99012-9678
Entity Owned
Free & Clear
Property ID
US90-1462969
Property summary
AI-generated overview
This 12,742 square foot, two-story office building, located at 213 E Main St in historic downtown Fairfield, WA (99012), presents a compelling value-add investment opportunity. Originally constructed in 1984 and renovated in 2004, this former bank branch boasts a convenient drive-thru. The property is currently 10% occupied, with a lease on the lower level expiring September 30, 2025. The sale includes an additional approximately 14,810 square foot parcel of development land. The building is classified as Class B and sits on Main Street in the heart of Fairfield's historic downtown. The asking price is $640,000, translating to $50.23 per square foot. This multi-tenant property offers significant potential for an owner/user seeking to capitalize on its prime location and existing infrastructure. The property is being offered for sale by the current owner, First Interstate Bank.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1984
Construction
STEEL FRAME
Total area
6,386 SF
Lot
0.08 ac (3,600 SF)
APN
52192.0304
UPID
US90-1462969
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
-
Western Insurance Associates Insurance Agency
-
Fairfield Financial Holdings Bank Loan Service
-
First Interstate Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Apostolic Luthern Church Of Spokane
Apostolic Luthern Church Of Spokane
since 2025
1 recorded transaction
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,125
Tax year 2023
Assessed value
$673,500
Assessed 2024
Previous assessed
$612,300
+10.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$2,700
Assessed improvement
$670,800
Land market value
$2,700
Improvement market value
$670,800
Total market value
$673,500
Applied tax rate
270.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
2
Total area
6,386 SF
Lot
0.08 ac (3,600 SF)
APN
52192.0304
UPID
US90-1462969
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
Building & site characteristics
From public records
Year built
1984
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Apostolic Luthern Church Of Spokane
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 30918, BILLINGS, MT 59116-0918
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
$445,000
Apostolic Luthern Church Of Spokane
First Interstate Bank A Mt Banking
Special Warranty Deed
—
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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