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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Warehouses
22210 Sprague Rd Reardan, WA 99029-9637
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-1353638
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
19,888 SF
Lot
20 ac (871,200 SF)
APN
05144.9008
UPID
US90-1353638
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
$2.14M
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$2.77M
Owner & transaction history
Northwest Microfilm INC · 19 yrs held
Northwest Microfilm INC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+81.7%
Restaurant
$4.3M
+80.2%
Auto repair, garage
$3.8M
+58.1%
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 Reardan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reardan 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%
$2,320,000
6.5%
$2,140,000
7%
$1,990,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,380,000
Current use
MEDICAL BUILDING
$4,325,000
Change: +82% · Conversion: Difficult
RESTAURANT
$4,290,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,765,000
Change: +58% · Conversion: Easy
RETAIL STORES
$3,745,000
Change: +57% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,020,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±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
$139 / 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
$33,133
Tax year 2023
Assessed value
$4,248,780
Assessed 2024
Previous assessed
$3,859,780
+10.1% YoY
Effective rate
0.78%
On assessed value
Assessed land
$130,680
Assessed improvement
$4,118,100
Land market value
$130,680
Improvement market value
$4,118,100
Total market value
$4,248,780
Applied tax rate
3,040.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
NONE
Buildings
12
Stories
1
Bathrooms
1
Total area
19,888 SF
Lot
20 ac (871,200 SF)
APN
05144.9008
UPID
US90-1353638
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (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
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
12
Bathrooms
1
Lot
20 ac
Current owner
From public records · entity-resolved
Northwest Microfilm INC
Entity
Mailing address
PO BOX 2199, SPOKANE, WA 99210-2199
Ownership since
2006
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 27, 2006
—
Northwest Microfilm INC
Rayburn,paul B & Nadine
Quit Claim Deed
related
—
Nov 13, 2006
—
Northwest Microfilm INC
Rayburn,paul & Nadine
Quit Claim Deed
related
—
Jul 17, 2006
—
Paul Rayburn
Northwest Microfilm INC
Quit Claim Deed
related
—
—
—
Northwest Microfilm INC
—
Deed Of Trust
related
$1,000,000 · Washington Trust Bank
—
—
Northwest Microfilm INC
—
Deed Of Trust
related
$356,212 · Washington Trust Bank
—
—
Northwest Microfilm INC
—
Deed Of Trust
related
$225,000 · Washington Trust Bank
—
—
Northwest Microfilm INC
—
Loan Modification
related
$1,000,000 · Washington Trust Bank
—
—
Northwest Microfilm Co INC
—
Deed Of Trust
related
$350,000 · Washington Trust 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.
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