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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Medical Office Space
2801 31st Ave Spokane, WA 99223-4710
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0511158
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2019
Total area
3,864 SF
Lot
0.47 ac (20,490 SF)
APN
35331.0215
UPID
US90-0511158
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
-
Hi 5 Orthodontics - Orthodontist Treatment - South Spokane Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.87M
Owner & transaction history
Rowand & Associates LLP · 1 yrs held
Rowand & Associates LLP
since 2024
Last sale
$1.9M
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
Method
Estimation
Statistic approach
$1,870,000
ML approach
$1,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10% · vs last sale $1.87M (Aug 30 2024)
Last sale anchor
$1.87M
Aug 30 2024
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
$484 / 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
$11,792
Tax year 2023
Assessed value
$1,208,100
Assessed 2024
Previous assessed
$1,122,200
+7.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$204,900
Assessed improvement
$1,003,200
Land market value
$204,900
Improvement market value
$1,003,200
Total market value
$1,208,100
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
3,864 SF
Lot
0.47 ac (20,490 SF)
APN
35331.0215
UPID
US90-0511158
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
2019
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Rowand & Associates LLP
Entity
Mailing address
511 E ZEUS CT, MEAD, WA 99021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$1,870,000
Rowand & Associates LLP
Williams Real Estate Holdings LLC
Warranty Deed
—
Jul 31, 2019
—
Williams R & E Hldgs II LLC
—
Trustees Deed
related
$918,750 · Columbia St Bk
Mar 15, 2019
$250,000
Williams R & E Hldgs II LLC
Alex Sally S
Warranty Deed
—
Jan 6, 2014
$150,000
George C Alex
Baker-mhk LLC
Warranty Deed
—
Sep 15, 2006
$517,310
L-n-b Management LLC
Brandonbrooke Ptshp
Warranty Deed
—
May 22, 2006
$500,000
Brandonbrooke Ptshp
Stadtmueller,charles T
Warranty Deed
—
Jun 1, 2001
$318,254
Charles T Stadtmueller
Martin,sharon K
Grant Deed
$276,930 · Ronald K
—
—
Williams R & E Hldgs II LLC
—
Deed Of Trust
related
$918,750 · Columbia St Bk
—
—
Charles T Stadtmueller
—
Deed Of Trust
related
$25,000 · James Wuerch
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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