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Property profile & analytics
OFF-MARKET
Retail space
2631 1st St, Cheney, WA 99004-5198
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2163304
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
2,000 SF
Lot
0.68 ac (29,621 SF)
APN
23072.0095
UPID
US90-2163304
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
Kimmet Ents LLC · 11 yrs held
Kimmet Ents LLC
since 2015
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 Cheney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cheney 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
$3,908
Tax year 2023
Assessed value
$466,830
Assessed 2024
Previous assessed
$427,830
+9.1% YoY
Effective rate
0.84%
On assessed value
Assessed land
$177,730
Assessed improvement
$289,100
Land market value
$177,730
Improvement market value
$289,100
Total market value
$466,830
Applied tax rate
110.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
NONE
Stories
1
Total area
2,000 SF
Lot
0.68 ac (29,621 SF)
APN
23072.0095
UPID
US90-2163304
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
Lot
0.68 ac
Current owner
From public records · entity-resolved
Kimmet Ents LLC
Entity
Mailing address
2501 SAINT JOHNS AVE, BILLINGS, MT 59102-4642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2015
—
Kimmet Ents LLC
—
Trustees Deed
related
$587,300 · Stockman Bk/mt
Apr 21, 2015
$220,000
Kimmet Ents LLC
Mahaffy W Living Trust
Warranty Deed
—
May 7, 2007
$49,200
Wilfred A Mahaffy
Mahaffy,wilfred J
Quit Claim Deed
related
—
May 7, 2007
—
Mahaffy W & J Living Trust
Mahaffy,wilfred A & Jean
Quit Claim Deed
related
—
May 17, 2005
$82,000
Wilfred J Mahaffy
Tibbitts T L & S Trust
Warranty Deed
$49,200 · Spokane Teachers Cu
—
—
Kimmet Ents LLC
—
Loan Modification
related
$545,645 · Stockman Bk/mt
—
—
Wilfred J Mahaffy
—
Deed Of Trust
related
$50,000 · Wilfred A & Jean Mahaffy
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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