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Property profile & analytics
FOR SALE
Warehouses
23221 E Knox Ave, Liberty Lake, WA 99019
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3239677
For Sale
1 / 2
$5,600,000
23221 E Knox Ave, Liberty Lake, WA 99019
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
24,783 SF
Lot
2.5 ac (108,900 SF)
APN
55101.9124
UPID
US90-3239677
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
$2.92M
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$2.82M
Owner & transaction history
Amalfi Investments LLC · 5 yrs held
Amalfi Investments LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.9M
+33.4%
Commercial (general)
$3.8M
+27.9%
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
$3,070,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
$2,700,000
6.5%
$2,490,000
7%
$2,315,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,945,000
Current use
RETAIL STORES
$3,925,000
Change: +33% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,765,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±10% · vs last sale $2.81M (Jun 15 2021)
Last sale anchor
$2.81M
Jun 15 2021
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
$114 / 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
$25,207
Tax year 2023
Assessed value
$2,731,100
Assessed 2024
Previous assessed
$2,174,100
+25.6% YoY
Effective rate
0.92%
On assessed value
Assessed land
$653,400
Assessed improvement
$2,077,700
Land market value
$653,400
Improvement market value
$2,077,700
Total market value
$2,731,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1997
Heating
NONE
Stories
2
Total area
24,783 SF
Lot
2.5 ac (108,900 SF)
APN
55101.9124
UPID
US90-3239677
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
$2.9M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.8M
WAREHOUSE, STORAGE Current
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
1997
Heating
NONE
Stories
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Amalfi Investments LLC
Entity
Mailing address
PO BOX 249, MEDINA, WA 98039-0249
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2021
$2,807,250
Amalfi Investments LLC
Knox Ave LLC
Warranty Deed
—
Aug 8, 2017
—
Knox Ave LLC
—
Deed
related
$1,650,000 · Riverbank
May 22, 2007
$2,105,000
Knox Ave LLC
Green Ridge Investments LLC
Warranty Deed
$1,920,000 · Wells Fargo Bank NA
Apr 19, 2004
—
Green Ridge Investments LLC
Abrams,brian & Terry L
Quit Claim Deed
related
$913,969 · Washington Trust Bank
Dec 23, 2003
$1,200,000
Brian Abrams
Brotherton,william F
Grant Deed
$1,200,000 · William F Brotherton
—
—
Green Ridge Investments LLC
—
Deed Of Trust
related
$742,000 · Northwest Busn Dev Assn
—
—
Green Ridge Investments LLC
—
Deed Of Trust
related
$250,000 · Washington Trust Bank
—
—
Knox Ave LLC
—
Deed Of Trust
related
$3,000,000 · Wfb NA
—
—
Knox Ave LLC
—
Loan Modification
related
$3,000,000 · Wells Fargo Bk
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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