Entity Owned 
For Lease
1 / 6
$16 SF/Yr
2710 1St St, Cheney, WA 99004
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Property summary
AI-generated overview
The property is a retail center located on the corner of 1st Street and N Washington Street in Cheney, Washington. It is anchored by multiple established retail tenants, including Safeway, Subway, SNAP Fitness, and Starbucks.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Total area
43,727 SF
Lot
11.88 ac (517,298 SF)
APN
13121.0071
UPID
US90-1064317
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pharmacy
-
Postal Service Courier Service
-
Atm Currency Exchange Service
-
Grocery & Convenience Store Food Market
-
Cafe & Coffee Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.40M
Comparable Approach
Comparable
$5.60M
Blend (final)
Blend
$7.41M
Owner & transaction history
since 2011
2 recorded transactions
Zoning & alternative use
Top alternative use upside
Office building
$10.5M
+27.5%
Medical building
$9.5M
+15.4%
Restaurant
$9.4M
+14.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$7.41M
Value range
$6.67M – $8.15M
±10% around blend
Estimated value / SF
$169 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$6.67M
blend $7.41M
$8.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
43,727 SF
Lot area
11.88 ac
Year built
2000
Stories
1
APN
13121.0071
Assessed value
$9,244,590
Annual tax
$77,165
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.40M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$8.01M
@ 6.5% CAP return
$7.40M
@ 7% CAP return
$6.87M
4
Sales comparison
Partial preview
Sales approach indication
$5.60M
Range $1.21M – $5.60M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$7.41M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 288 sales
$188
-10%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $169/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+27%
vs current-use indication
Medical Building
Restaurant
Auto Repair, Garage
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.24M
Move the market yield to see immediate price impact.
Value / SF
$211
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$582k
$11.65M
$8.32M
$6.47M
$647k
$12.94M
$9.24M
$7.19M
$712k
$14.24M
$10.17M
$7.91M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$77,165
Tax year 2023
Assessed value
$9,244,590
Assessed 2024
Previous assessed
$8,722,090
+6.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$1,551,890
Assessed improvement
$7,692,700
Land market value
$1,551,890
Improvement market value
$7,692,700
Total market value
$9,244,590
Applied tax rate
110.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
2000
Heating
NONE
Buildings
7
Stories
1
Total area
43,727 SF
Lot
11.88 ac (517,298 SF)
APN
13121.0071
UPID
US90-1064317
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
1
Buildings
7
Lot
11.88 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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