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Property profile & analytics
OFF-MARKET
Flex space
21312 Gilbert Ave Otis Orchards, WA 99027-9240
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2056910
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Construction
STEEL FRAME
Total area
4,800 SF
Lot
1.04 ac (45,432 SF)
APN
56334.9191
UPID
US90-2056910
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lokken Ventures INC · 4 yrs held
Lokken Ventures INC
since 2021
Last sale
$399,000
5 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 Otis Orchards submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Otis Orchards 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
$4,138
Tax year 2023
Assessed value
$419,710
Assessed 2024
Previous assessed
$410,210
+2.3% YoY
Effective rate
0.99%
On assessed value
Assessed land
$79,510
Assessed improvement
$340,200
Land market value
$79,510
Improvement market value
$340,200
Total market value
$419,710
Applied tax rate
2,120.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
4,800 SF
Lot
1.04 ac (45,432 SF)
APN
56334.9191
UPID
US90-2056910
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
1978
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Lokken Ventures INC
Entity
Mailing address
PO BOX 280, VERADALE, WA 99037-0280
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
—
Rhorthortay LLC
—
Deed
related
$50,000 · Mountain West Bank
Sep 3, 2021
—
Lokken Ventures INC
Rhorthortay LLC
Lease
$267,000 · Northwest Business Development Assiociat
Aug 28, 2020
$399,000
Rhorthortay LLC
Robert B Wysong
Warranty Deed
$256,712 · Mountain West Bank
Oct 24, 2018
$281
Robert B Wysong
Wysong,stacie D
Quit Claim Deed
related
—
Jun 1, 2001
$190,000
Robert B Wysong
Clinton Piper II Family LP
Grant Deed
$170,000 · Clinton Piper II Family LP
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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