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Property profile & analytics
OFF-MARKET
Estimated value
$1,880,000
Banks
23129 Msn Ave, Liberty Lake, WA 99019-8514
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0260746
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2001
Total area
14,000 SF
Lot
1.22 ac (53,143 SF)
APN
55104.9106
UPID
US90-0260746
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
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.88M
Owner & transaction history
City Of Liberty Lake · 3 yrs held
City Of Liberty Lake
since 2022
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.0M
+31.0%
Office building
$3.0M
+30.7%
Medical building
$2.8M
+22.8%
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
Method
Estimation
Statistic approach
$1,780,000
ML approach
$1,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,315,000
Current use
RESTAURANT
$3,035,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$3,025,000
Change: +31% · Conversion: Difficult
MEDICAL BUILDING
$2,845,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,220,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,125,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.07M · ±10% · vs last sale $2.18M (Sep 8 2022)
Last sale anchor
$2.18M
Sep 8 2022
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
$134 / 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
$152
Tax year 2023
Assessed value
$1,926,640
Assessed 2024
Previous assessed
$1,511,100
+27.5% YoY
Effective rate
0.01%
On assessed value
Assessed land
$425,140
Assessed improvement
$1,501,500
Land market value
$425,140
Improvement market value
$1,501,500
Total market value
$1,926,640
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
14,000 SF
Lot
1.22 ac (53,143 SF)
APN
55104.9106
UPID
US90-0260746
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
$2.3M
RESTAURANT
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
FINANCIAL BUILDING Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
2001
Heating
NONE
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
City Of Liberty Lake
Entity
Mailing address
22710 E COUNTRY VIS DR, LIBERTY LAKE, WA 99019-7592
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$2,175,000
City Of Liberty Lake
Ronald F Lombardi
Warranty Deed
—
Jan 17, 2019
—
Sba Towers X LLC
—
Deed
related
—
Aug 2, 2016
—
Ronald F Lombardi
—
Deed
related
$200,000 · Riverbank
May 2, 2008
—
Lombardi Family Trust
Lombardi,ronald F & Kathleen A
Quit Claim Deed
related
—
Jun 1, 2007
$1,200,000
Ronald F Lombardi
Nti Properties LLC
Quit Claim Deed
related
—
Nov 16, 2000
—
Nti Properties LLC
Bonuccelli,robert A
Quit Claim Deed
related
—
Dec 30, 1999
—
Bonuccelli Trust
—
Deed Of Trust
related
$1,250,000 · Washington Trust Bank
Oct 1, 1999
$1,650,000
Robert A Bonucelli
Sigma Partners
Grant Deed
—
—
—
Sba Towers X LLC
—
Deed Of Trust
related
—
—
—
Nti Properties LLC
—
Deed Of Trust
related
$200,000 · Us Bank NA
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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