New search
Property profile & analytics
FOR SALE
Commercial real estate
2513 N Regal St, Spokane, WA 99207
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-3362254
For Sale
1 / 12
$5,950,000
2513 N Regal St, Spokane, WA 99207
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2021
Total area
30,294 SF
Lot
1.09 ac (47,332 SF)
APN
35091.2707
UPID
US90-3362254
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
$5.57M
Comparable Approach
Comparable
$5.09M
Blend (final)
Blend
$4.82M
Owner & transaction history
River City Homes 1 LLC · 6 yrs held
River City Homes 1 LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.6M
+55.0%
Medical building
$7.2M
+47.4%
Retail stores
$7.2M
+47.2%
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%
$6,030,000
6.5%
$5,565,000
7%
$5,170,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,890,000
Current use
OFFICE BUILDING
$7,575,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$7,205,000
Change: +47% · Conversion: Easy
RETAIL STORES
$7,195,000
Change: +47% · Conversion: Easy
RESTAURANT
$6,715,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,985,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,455,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$4.82M
Range $4.34M – $5.30M · ±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
$159 / 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
$1,858
Tax year 2023
Assessed value
$4,021,400
Assessed 2024
Previous assessed
$1,314,800
+205.9% YoY
Effective rate
0.05%
On assessed value
Assessed land
$189,330
Assessed improvement
$3,832,070
Land market value
$189,330
Improvement market value
$3,832,070
Total market value
$4,021,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2021
Heating
YES
Stories
2
Units
30
Rooms
4
Bathrooms
1
Total area
30,294 SF
Lot
1.09 ac (47,332 SF)
APN
35091.2707
UPID
US90-3362254
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
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
OFFICE BUILDING
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$7.2M
RETAIL STORES
Est. value
$7.2M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.0M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2021
Heating
YES
Stories
2
Units
30
Rooms
4
Bathrooms
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
River City Homes 1 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 11742, SPOKANE VALLEY, WA 99211-1742
Ownership since
2019
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
Aug 18, 2022
—
River City Homes 1 LLC
—
Deed
related
$2,000,000 · First Interstate Bank
Sep 11, 2020
—
River City Homes 1 LLC
—
Deed
related
$3,504,600 · First Interstate Bank
Nov 27, 2019
$180,000
River City Homes 1 LLC
Charles W Dolson
Warranty Deed
—
Jul 12, 2012
—
Charles W Dolson
First Metro LLC
Quit Claim Deed
related
—
Apr 27, 2005
$70,000
First Metro LLC
Austin,mary C
Warranty Deed
—
Jun 25, 2004
—
Mary C Austin
Liberty House Foundation
Quit Claim Deed
related
—
Mar 10, 2004
—
Liberty House Foundation
Austin,mary C
Quit Claim Deed
related
—
Jun 23, 2003
—
Liberty House Foundation
Riverview Youth Center
Quit Claim Deed
related
—
Jun 23, 2003
$43,528
Riverview Youth Center INC
Kromer,james D & Elaine C
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
