Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,615,000
Apartment buildings
2136 Riverside Ave Spokane, WA 99201-1444
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0532627
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Total area
25,674 SF
Lot
2.34 ac (101,895 SF)
APN
25133.2068
UPID
US90-0532627
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
-
The Broadmoor Apartment Complex Apartment Building
-
AM Clean Team Hardware & Home Improvement
-
Young handyman Service High School
-
Express Theater NW Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.28M
Blend (final)
Blend
$7.62M
Owner & transaction history
The Broadmoor Apartments LLC · 3 yrs held
The Broadmoor Apartments LLC
since 2022
7 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 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
Blend value · Realmo final
$7.62M
Range $6.85M – $8.38M · ±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
$297 / 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
$137,983
Tax year 2023
Assessed value
$14,150,100
Assessed 2024
Previous assessed
$8,920,000
+58.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,743,180
Assessed improvement
$12,406,920
Land market value
$1,743,180
Improvement market value
$12,406,920
Total market value
$14,150,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Heating
NONE
Stories
4
Units
128
Bathrooms
121
Total area
25,674 SF
Lot
2.34 ac (101,895 SF)
APN
25133.2068
UPID
US90-0532627
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
1968
Heating
NONE
Stories
4
Units
128
Bathrooms
121
Lot
2.34 ac
Current owner
From public records · entity-resolved
The Broadmoor Apartments LLC
Entity
Mailing address
760 SW 9TH AVE, PORTLAND, OR 97205-2583
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
The Broadmoor Apartments LLC
Dec Investments LLC
Bargain And Sale Deed
$2,000,000 · Columbia State Bank
Aug 1, 2019
—
Dec Investments LLC
The Broadmoor Spokane LLC
Warranty Deed
$6,300,000 · Umpqua Bank
Jan 12, 2004
—
Mountain Valley Llx
Nelson,david M & Margie L
Quit Claim Deed
related
—
Oct 12, 2001
$3,600,000
David M Nelson
Pacific Security Financial INC
Grant Deed
$3,000,000 · Pacific Security Financial INC
Jul 14, 2000
$41,000
Pacific Security Financial INC
Cornerstone Properties & Dev
Quit Claim Deed
related
—
—
—
Cornerstone Properties
—
Deed Of Trust
related
$2,137,500 · Sterling Savings Bank
—
—
Bvbear LLC
—
Deed Of Trust
related
$100,000 · David & Lynne Nelson
—
—
Aqua View Apartment INC
—
Deed Of Trust
related
$110,000 · Us Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2136 Riverside Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
