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Property profile & analytics
OFF-MARKET
Estimated value
$1,520,000
Office buildings
22910 Appleway Ave, Liberty Lake, WA 99019-8605
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0246679
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
17,204 SF
Lot
1.31 ac (57,064 SF)
APN
55104.9058
UPID
US90-0246679
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
$1.52M
Owner & transaction history
Appleway Partners LLC · 11 yrs held
Appleway Partners LLC
since 2014
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 Liberty Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Liberty Lake 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
$88 / 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
$20,119
Tax year 2023
Assessed value
$2,179,410
Assessed 2024
Previous assessed
$1,718,720
+26.8% YoY
Effective rate
0.92%
On assessed value
Assessed land
$456,510
Assessed improvement
$1,722,900
Land market value
$456,510
Improvement market value
$1,722,900
Total market value
$2,179,410
Applied tax rate
1,420.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Stories
2
Total area
17,204 SF
Lot
1.31 ac (57,064 SF)
APN
55104.9058
UPID
US90-0246679
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
1999
Heating
NONE
Stories
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Appleway Partners LLC
Entity
Mailing address
601 W MAIN AVE STE #400, SPOKANE, WA 99201-0613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 10, 2014
$1,395,000
Appleway Partners LLC
Appleway Building LLC
Grant Deed
$1,100,000 · Spokane Teachers Cu
May 20, 2009
$1,950,000
Appleway Building LLC
Shekina II LLC
Warranty Deed
$1,400,000 · Wheatland Bank
Aug 5, 2003
$130,000
Shekina II LLC
Knott,jason E & Cheryl L
Quit Claim Deed
related
—
Oct 5, 1998
—
Jason E Knott
—
Grant Deed
related
$862,500 · Us Bank
Mar 25, 1998
—
Farr Court LLC
Marzetta Trust
Quit Claim Deed
related
—
Mar 25, 1998
$184,000
Knott,jason E & Cheryl L
Farr Court
Trustees Deed
—
—
—
Jason E Knott
—
Deed Of Trust
related
$900,000 · Sterling Savings Association
—
—
Shekina II LLC
—
Deed Of Trust
related
$1,327,500 · Sterling Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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