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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Banks
220 Main Ave Spokane, WA 99201-0112
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-3331411
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1929
Total area
7,875 SF
Lot
0.24 ac (10,650 SF)
APN
35184.0605
UPID
US90-3331411
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
-
Armitage & Thompson, PLLC Law Firm
-
J.J. Thompson Law Firm
-
Nikalous Armitage Law Firm
-
Washington Lemon Lawyer Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
T & A Property Holdings LLC · 6 yrs held
T & A Property Holdings LLC
since 2020
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+45.5%
Medical building
$1.9M
+39.8%
Restaurant
$1.7M
+30.3%
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
FINANCIAL BUILDING
$1,340,000
Current use
OFFICE BUILDING
$1,950,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$1,875,000
Change: +40% · Conversion: Difficult
RESTAURANT
$1,745,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$1,700,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,555,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,420,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.65M (Jul 16 2020)
Last sale anchor
$1.65M
Jul 16 2020
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
$203 / 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
$14,737
Tax year 2023
Assessed value
$1,510,200
Assessed 2024
Previous assessed
$1,437,100
+5.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$468,600
Assessed improvement
$1,041,600
Land market value
$468,600
Improvement market value
$1,041,600
Total market value
$1,510,200
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1929
Heating
NONE
Stories
2
Total area
7,875 SF
Lot
0.24 ac (10,650 SF)
APN
35184.0605
UPID
US90-3331411
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
FINANCIAL BUILDING Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1929
Heating
NONE
Stories
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
T & A Property Holdings LLC
Entity
Mailing address
220 W MAIN AVE, SPOKANE, WA 99201-0112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jul 16, 2020
$1,650,000
T & A Property Holdings LLC
Momowobrosco LLC
Warranty Deed
$1,530,000 · Washington Trust Bank
Dec 2, 2004
$433,332
Momowobrosco LLC
Powell,william J
Warranty Deed
—
—
—
Momowobrosco LLC
—
Deed Of Trust
related
$235,000 · Washington Trust Bank
—
—
Momowobrosco LLC
—
Deed Of Trust
related
—
—
—
Momowobrosco LLC
—
Deed Of Trust
related
$950,000 · Standard Insurance Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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