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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Manufacturing properties
2701 Van Marter Dr Spokane Valley, WA 99206-4780
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-3235223
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
24,864 SF
Lot
3.16 ac (137,586 SF)
APN
45092.1715
UPID
US90-3235223
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
$811k
Blend (final)
Blend
$1.11M
Owner & transaction history
Gull Inds INC · 7 yrs held
Gull Inds INC
since 2019
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$44 / 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
$34,140
Tax year 2023
Assessed value
$3,542,870
Assessed 2024
Previous assessed
$3,224,170
+9.9% YoY
Effective rate
0.96%
On assessed value
Assessed land
$343,970
Assessed improvement
$3,198,900
Land market value
$343,970
Improvement market value
$3,198,900
Total market value
$3,542,870
Applied tax rate
146.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
2
Stories
1
Total area
24,864 SF
Lot
3.16 ac (137,586 SF)
APN
45092.1715
UPID
US90-3235223
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
1983
Heating
NONE
Stories
1
Buildings
2
Lot
3.16 ac
Current owner
From public records · entity-resolved
Gull Inds INC
Entity
Mailing address
PO BOX 24687, SEATTLE, WA 98124-0687
Mailing matches property
Yes
Owner-occupied
Yes
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2019
$3,050,000
Gull Inds INC
1st In Deer Park LLC
Grant Deed
—
Dec 14, 2011
—
1st In Deer Park LLC
Bagby,george W III & Carla B
Quit Claim Deed
related
—
Sep 21, 2011
—
George W Bagby III
Schmautz,stephen D & Tresa R
Grant Deed
related
—
Sep 8, 2011
$280,000
George W Bagby III
Schmautz,stephen D & Tresa R
Warranty Deed
—
Feb 25, 2011
$2,520,000
George W Bagby III
Schmautz,stephen D & Tresa R
Warranty Deed
related
—
Feb 22, 2011
—
Stephen D Schmautz
Indiana Properties LLC
Quit Claim Deed
related
—
Apr 19, 2007
—
Robert A Bonuccelli
Bonuccelli,linda J
Quit Claim Deed
related
—
Apr 19, 2007
$2,186,000
Indiana Properties LLC
Bonuccelli,robert A
Warranty Deed
$2,125,254 · Numerica Cu
Sep 1, 2006
—
Robert A Bonuccelli
Real Holdings INC
Quit Claim Deed
related
—
Apr 7, 2006
—
Michael P Ryan
Real Holdings INC
Quit Claim Deed
related
—
Mar 17, 2006
$689,300
Real Holdings INC
Evb LLC
Quit Claim Deed
related
$710,000 · Robert A Bonuccelli
Feb 15, 2006
—
Robert A Bonuccelli
Bonuccelli,linda J
Quit Claim Deed
—
Jan 6, 2006
$689,300
Robert A Bonuccelli
Ebv LLC
Quit Claim Deed
related
—
—
—
George W Bagby III
—
Deed Of Trust
related
—
—
—
Indiana Properties LLC
—
Deed Of Trust
related
$2,040,000 · Numerica Cu
—
—
S George W Bagby III
—
Deed Of Trust
related
—
—
—
1st In Deer Park LLC
—
Deed Of Trust
related
—
—
—
Stephen D Schmautz
—
Deed Of Trust
related
—
—
—
S George W Bagby III
—
Deed Of Trust
related
—
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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