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Property profile & analytics
OFF-MARKET
Banks
2607 Sse Blvda Spokane, WA 99223-4942
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2325087
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1995
Total area
19,394 SF
Lot
0.51 ac (22,034 SF)
APN
35284.0801
UPID
US90-2325087
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
by Request
Owner & transaction history
1889 Building LLC · 4 yrs held
1889 Building LLC
since 2021
Last sale
$139,000
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 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
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
$6,942
Tax year 2023
Assessed value
$710,770
Assessed 2024
Previous assessed
$652,370
+9.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$176,270
Assessed improvement
$534,500
Land market value
$176,270
Improvement market value
$534,500
Total market value
$710,770
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1995
Heating
NONE
Stories
2
Total area
19,394 SF
Lot
0.51 ac (22,034 SF)
APN
35284.0801
UPID
US90-2325087
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
1995
Heating
NONE
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
1889 Building LLC
Entity
Mailing address
2607 SSE BLVD STE A202, SPOKANE, WA 99223-7630
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2021
—
1889 Building LLC
Starlen Properties LLC
Quit Claim Deed
—
Oct 12, 2021
$139,000
Starlen Properties LLC
Nicholas Scott Barnes
Warranty Deed
—
Dec 27, 2019
—
1869 Building LLC
—
Deed
related
$74,000 · First Interstate Bank
Jul 31, 2019
$700,000
1889 Building LLC
Hj Liberty Properties LLC
Warranty Deed
$556,512 · First Interstate Bank
Nov 23, 2016
—
Hj Liberty Properties LLC
—
Deed
related
$836,000 · Washington Tr Bk
Jun 29, 2016
$607,500
Hj Liberty Properties LLC
Southeast Boulevard Properties LLC
Warranty Deed
$726,000 · Upf Washington Incorporated
—
—
Southeast Boulevard Props LLC
—
Deed Of Trust
related
$350,000 · American West Bank
—
—
Hj Liberty Properties LLC
—
Loan Modification
related
$836,000 · Washington Tr 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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