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Property profile & analytics
OFF-MARKET
Office Spaces
25415 Kildea Rd Newman Lake, WA 99025-5120
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1413376
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2016
Total area
2,462 SF
Lot
2.58 ac (112,385 SF)
APN
56363.0134
UPID
US90-1413376
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
-
Carpita Carpet & Flooring Store
-
Carpita Construction Spokane Construction Company General Contractor
-
Carpita Construction dba CCI Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Two Old Brothers LLC · 11 yrs held
Two Old Brothers 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 Newman Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newman 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
—
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
$9,092
Tax year 2023
Assessed value
$963,590
Assessed 2024
Previous assessed
$861,990
+11.8% YoY
Effective rate
0.94%
On assessed value
Assessed land
$112,390
Assessed improvement
$851,200
Land market value
$112,390
Improvement market value
$851,200
Total market value
$963,590
Applied tax rate
2,120.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
2
Stories
1
Total area
2,462 SF
Lot
2.58 ac (112,385 SF)
APN
56363.0134
UPID
US90-1413376
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
2016
Heating
NONE
Stories
1
Buildings
2
Lot
2.58 ac
Current owner
From public records · entity-resolved
Two Old Brothers LLC
Entity
Mailing address
25415 E KILDEA RD, NEWMAN LAKE, WA 99025-5120
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
Feb 25, 2025
—
Two Old Brothers LLC
—
Deed
related
$610,000 · Spokane Teachers Cu
Nov 10, 2016
—
Two Old Brothers LLC
—
Deed
related
$270,000 · Spokane Teachers Cu
May 11, 2016
—
Two Old Brothers LLC
—
Deed
related
$230,000 · Spokane Teachers Cu
Nov 7, 2014
$65,000
Two Old Brothers LLC
Mount Sentinel LLC
Warranty Deed
$50,000 · Mount Sentinel LLC
Feb 22, 2012
$56,193
Mount Sentinel LLC
Storey,mark
Warranty Deed
$44,954 · Mark Storey
Jun 30, 2006
$77,400
Mark Storey
Siverson Marvin A Trust
Warranty Deed
$67,400 · Siverson Marvin A Trust
—
—
Two Old Brothers LLC
—
Deed Of Trust
related
$230,000 · Spokane Teachers Cu
—
—
Two Old Brothers LLC
—
Loan Modification
related
$270,000 · Spokane Teachers Cu
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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