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Property profile & analytics
OFF-MARKET
Estimated value
$5,445,000
Medical Office Space
2230 Sprague Ave Spokane, WA 99202-3931
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1215306
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Total area
32,000 SF
Lot
1.72 ac (75,000 SF)
APN
35211.0209
UPID
US90-1215306
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
-
Vanessa Behan Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.36M
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$5.45M
Owner & transaction history
Vanessa Behan Crisis Nursery · 8 yrs held
Vanessa Behan Crisis Nursery
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.0M
+5.2%
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%
$6,890,000
6.5%
$6,360,000
7%
$5,905,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,610,000
Current use
OFFICE BUILDING
$8,005,000
Change: +5% · Conversion: Easy
RESTAURANT
$7,090,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,325,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.45M
Range $4.90M – $5.99M · ±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
$170 / 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
Assessed value
$11,268,800
Assessed 2024
Previous assessed
$10,375,400
+8.6% YoY
Assessed land
$525,000
Assessed improvement
$10,743,800
Land market value
$525,000
Improvement market value
$10,743,800
Total market value
$11,268,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Stories
2
Bathrooms
1
Total area
32,000 SF
Lot
1.72 ac (75,000 SF)
APN
35211.0209
UPID
US90-1215306
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
MEDICAL BUILDING Current
Est. value
$7.6M
OFFICE BUILDING
Est. value
$8.0M
RESTAURANT
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.3M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2019
Heating
NONE
Stories
2
Bathrooms
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Vanessa Behan Crisis Nursery
Individual
Mailing address
1004 E 8TH AVE, SPOKANE, WA 99202-2431
Ownership since
2017
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
Aug 23, 2019
—
Vanessa Behan Crisis Nursery
—
Deed
related
—
Oct 6, 2017
$1,300,000
Vanessa Behan Crisis Nursery
Zales Discount LLC
Warranty Deed
—
Dec 18, 2015
—
Carol F Meisel
Meisel,robert
Quit Claim Deed
related
—
Dec 18, 2015
$715,000
Zales Discount LLC
Catherine Marie Gentile
Warranty Deed
$545,000 · The Riverbank
—
—
Ross W Duncan
—
Deed Of Trust
related
$60,000 · Robert & Carol F Meisel
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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