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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Residential income homes
2907 Wabash Ave Spokane, WA 99217-5092
Entity Owned
4-yr Hold
Property ID
US90-0309287
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1977
Total area
1,650 SF
Lot
0.15 ac (6,350 SF)
APN
36343.2109
UPID
US90-0309287
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
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$627k
Blend (final)
Blend
$630k
Owner & transaction history
North Spokane Investment Holdings L · 4 yrs held
North Spokane Investment Holdings L
since 2022
Last sale
$659,000
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
$600,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $659k (May 6 2022)
Last sale anchor
$659k
May 6 2022
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
$382 / 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
$4,132
Tax year 2023
Assessed value
$422,600
Assessed 2024
Previous assessed
$422,600
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$38,100
Assessed improvement
$384,500
Land market value
$38,100
Improvement market value
$384,500
Total market value
$422,600
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1977
Heating
NONE
Buildings
2
Stories
2
Units
3
Bathrooms
3
Total area
1,650 SF
Lot
0.15 ac (6,350 SF)
APN
36343.2109
UPID
US90-0309287
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
1977
Heating
NONE
Stories
2
Buildings
2
Units
3
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
North Spokane Investment Holdings L
Entity
Mailing address
19223 OLYMPIC VW DR, EDMONDS, WA 98020-2560
Ownership since
2022
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
May 6, 2022
$659,000
North Spokane Investment Holdings L
Lilac City Properties LLC
Warranty Deed
$1,100,000 · Solarity Cu
Jul 15, 2021
$470,000
Lilac City Properties LLC
Jeffrey Andrew Mangini
Warranty Deed
—
Sep 21, 2017
$250,000
Jeffrey A Mangini
Fay,justin
Warranty Deed
—
Jun 28, 2016
$72,500
Justin Fay
Hanson,elisa
Warranty Deed
$110,000 · Ga One Properties LLC
Jun 17, 2015
—
Elisa Hanson
Hanson Michael L
Quit Claim Deed
related
$46,000 · Mjm Unlimited LLC
Dec 31, 2012
—
Michael L Hanson
Bennett,robert D & Margaret
Warranty Deed
—
Feb 20, 2004
—
Michael L Hanson
Bennett,robert D & Margaret
Grant Deed
related
—
Mar 22, 2000
$123,000
Michael L Hanson
Bennett,robert D & Margaret
Grant Deed
$98,000 · Seller
—
—
Robert D Bennett
—
Deed Of Trust
related
$98,447 · United Security Bank
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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