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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Banks
2829 Grand Blvd Spokane, WA 99203-2558
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0818877
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1993
Construction
STEEL FRAME
Total area
5,616 SF
Lot
0.07 ac (3,081 SF)
APN
35293.3003
UPID
US90-0818877
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
-
Michelle Metcalf, DMD Dental Office
-
Hogan Law Group Law Firm
-
Lambrecht Dispute Resolution Consultant
-
Amber Rae Durkoop with Windermere Manito Real Estate Real Estate Agency
-
At Home in Spokane, Your Neighborhood Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$985k
Owner & transaction history
Grand Boulevard LP · 6 yrs held
Grand Boulevard LP
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+47.0%
Medical building
$1.3M
+39.8%
Retail stores
$1.3M
+35.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$955,000
Current use
OFFICE BUILDING
$1,405,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$1,335,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$1,295,000
Change: +35% · Conversion: Difficult
RESTAURANT
$1,245,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,110,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,010,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$175 / 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
$22,885
Tax year 2023
Assessed value
$2,345,870
Assessed 2024
Previous assessed
$2,101,770
+11.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$36,970
Assessed improvement
$2,308,900
Land market value
$36,970
Improvement market value
$2,308,900
Total market value
$2,345,870
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
1993
Construction
STEEL FRAME
Heating
NONE
Stories
3
Bathrooms
4
Total area
5,616 SF
Lot
0.07 ac (3,081 SF)
APN
35293.3003
UPID
US90-0818877
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
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$955,000
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
STEEL FRAME
Heating
NONE
Stories
3
Bathrooms
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Grand Boulevard LP
Entity
Mailing address
818 W RIVERSIDE AVE STE #300, SPOKANE, WA 99201-0910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 25, 2020
—
Grand Boulevard LP
—
Deed
related
$154,326 · Numerica Cu
—
—
Grand Boulevard LP
—
Deed Of Trust
related
$300,000 · Inland Northwest Bank
—
—
Grand Boulevard LP
—
Deed Of Trust
related
$300,000 · Inland Northwest Bank
—
—
Grand Boulevard LP
—
Deed Of Trust
related
$250,000 · Numerica Cu
—
—
Grand Boulevard LP
—
Deed Of Trust
related
$154,326 · Numerica Cu
—
—
Grand Boulevard LP
—
Deed Of Trust
related
$850,000 · Numerica Cu
—
—
Grand Boulevard LP
—
Deed Of Trust
related
$72,000 · Numerica Cu
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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