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Property profile & analytics
OFF-MARKET
Turn key restaurants
2909 Division St Spokane, WA 99207-2014
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-3236327
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Construction
STEEL FRAME
Total area
2,163 SF
Lot
0.32 ac (14,000 SF)
APN
35071.0811
UPID
US90-3236327
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
-
Pho Van Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Divistion St Lots Lc · 4 yrs held
Divistion St Lots Lc
since 2022
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,502
Tax year 2023
Assessed value
$460,500
Assessed 2024
Previous assessed
$414,400
+11.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$364,000
Assessed improvement
$96,500
Land market value
$364,000
Improvement market value
$96,500
Total market value
$460,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,163 SF
Lot
0.32 ac (14,000 SF)
APN
35071.0811
UPID
US90-3236327
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
1978
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Divistion St Lots Lc
Individual
Free & Clear · 4 yrs held
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2025
—
Division St Lots LLC
—
Deed
related
$500,000 · Columbia Bank
Jun 8, 2022
—
Divistion St Lots Lc
Henry T Cao
Warranty Deed
—
May 31, 2007
$445,000
Henry Cao
Boldd 1 Properties
Warranty Deed
$195,000 · Interbay Funding LLC
Jun 30, 2004
$365,000
B O L D D 1 Properties LLC
Nrg Properties LLC
Grant Deed
$320,000 · Spokane Teachers Cu
Oct 13, 2003
—
Nrg Properties LLC
—
Deed Of Trust
related
$17,326,702 · Bank Of America
Aug 14, 2003
—
Nrg Properties LLC
Northwest-restaurant Group INC
Quit Claim Deed
related
—
—
—
Northwest Restaurant Group INC
—
Deed Of Trust
related
$5,600,000 · Bank Of America
—
—
Henry Cao
—
Deed Of Trust
related
$174,996 · Panhandle State 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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