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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Grocery and convenience stores
3004 Monroe St Spokane, WA 99205-3361
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0869952
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1946
Construction
STEEL FRAME
Total area
4,107 SF
Lot
0.14 ac (6,200 SF)
APN
35072.1207
UPID
US90-0869952
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
-
Andy's Market Grocery & Convenience Store Food Market
-
Afghani Grocery Store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$437k
Blend (final)
Blend
$620k
Owner & transaction history
Andy Pho LLC · 2 yrs held
Andy Pho LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+457.8%
Office building
$655,000
+312.6%
Auto repair, garage
$540,000
+241.4%
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%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Change: +458% · Conversion: Easy
OFFICE BUILDING
$655,000
Change: +313% · Conversion: Moderate
AUTO REPAIR, GARAGE
$540,000
Change: +241% · Conversion: Difficult
RETAIL STORES
$470,000
Change: +196% · Conversion: Easy
MEDICAL BUILDING
$390,000
Change: +147% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$151 / 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
$3,178
Tax year 2023
Assessed value
$324,700
Assessed 2024
Previous assessed
$324,700
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$62,000
Assessed improvement
$262,700
Land market value
$62,000
Improvement market value
$262,700
Total market value
$324,700
Applied tax rate
12.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1946
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
4,107 SF
Lot
0.14 ac (6,200 SF)
APN
35072.1207
UPID
US90-0869952
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
COMMERCIAL (GENERAL)
Est. value
$885,000
OFFICE BUILDING
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$540,000
RETAIL STORES
Est. value
$470,000
MEDICAL BUILDING
Est. value
$390,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
1946
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Andy Pho LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5015 N PENN AVE, SPOKANE, WA 99206-4476
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
—
Andy Pho LLC
Bui Brothers LLC
Quit Claim Deed
related
—
Sep 13, 2011
—
Thai Yen
Cho,chin S & Bong S
Warranty Deed
—
Aug 5, 2011
$350,000
Bui Brothers LLC
Yen,thai & Queenie
Warranty Deed
$427,500 · Thai & Queenie Yen
Mar 29, 2002
$333,000
Thai Yen
Cho,chen S & Bong S
—
$233,000 · Chen S & Bong S Cho
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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