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Property profile & analytics
OFF-MARKET
Estimated value
$10,335,000
Parking lots & garages
29 6th Ave Spokane, WA 99204
Individually Owned
17-yr Hold
Free & Clear
Property ID
US90-0644162
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,524 SF
Lot
0.86 ac (37,406 SF)
APN
35191.5409
UPID
US90-0644162
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
-
29 West 6th Avenue Parking Parking Lot & Garage
-
City Center Apartment Rentals Apartment Building Apartment Complex
-
Car Seat Safety Inspection BY APPOINTMENT, Sacred Heart Medical Center & Children's Hospital Pediatrician Medical Clinic
-
Carpe Geekim Computer Services Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.56M
Blend (final)
Blend
$10.34M
Owner & transaction history
Providence Health & Services-w · 17 yrs held
Providence Health & Services-w
since 2009
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.6M
+49.5%
Medical building
$12.0M
+42.2%
Retail stores
$11.6M
+37.7%
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
PARKING LOT
$8,450,000
Current use
OFFICE BUILDING
$12,635,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$12,015,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$11,635,000
Change: +38% · Conversion: Difficult
RESTAURANT
$11,200,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,985,000
Change: +18% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,095,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$10.34M
Range $9.30M – $11.37M · ±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
$205 / 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
$44,548
Tax year 2023
Assessed value
$5,640,730
Assessed 2024
Previous assessed
$5,618,630
+0.4% YoY
Effective rate
0.79%
On assessed value
Assessed land
$822,930
Assessed improvement
$4,817,800
Land market value
$822,930
Improvement market value
$4,817,800
Total market value
$5,640,730
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Total area
50,524 SF
Lot
0.86 ac (37,406 SF)
APN
35191.5409
UPID
US90-0644162
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
PARKING LOT Current
Est. value
$8.5M
OFFICE BUILDING
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$12.0M
RETAIL STORES
Est. value
$11.6M
RESTAURANT
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$9.1M
PARKING LOT 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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Lot
0.86 ac
Current owner
From public records · entity-resolved
Providence Health & Services-w
Individual
Free & Clear · 17 yrs held
Mailing address
1801 LIND AVE SW, RENTON, WA 98057-3368
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2009
—
Providence Health & Services-w
Sacred Heart Medical Ctr
Quit Claim Deed
related
—
Mar 27, 2003
—
Sacred Heart Medical Center
Heart Institute Of Spokane
Quit Claim Deed
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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