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Property profile & analytics
OFF-MARKET
Estimated value
$19,530,000
Hotels
303 Wn Riv Dr, Spokane, WA 99201-2255
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0519648
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Total area
45,809 SF
Lot
6.89 ac (300,334 SF)
APN
35185.0024
UPID
US90-0519648
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.53M
Owner & transaction history
Dvp Centennial Holdings LLC · 4 yrs held
Dvp Centennial Holdings LLC
since 2021
Last sale
$26.9M
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
$426 / 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
$245,105
Tax year 2023
Assessed value
$25,136,280
Assessed 2024
Previous assessed
$15,503,780
+62.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$6,006,680
Assessed improvement
$19,129,600
Land market value
$6,006,680
Improvement market value
$19,129,600
Total market value
$25,136,280
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
3
Stories
4
Units
402
Total area
45,809 SF
Lot
6.89 ac (300,334 SF)
APN
35185.0024
UPID
US90-0519648
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
1982
Heating
NONE
Stories
4
Buildings
3
Units
402
Lot
6.89 ac
Current owner
From public records · entity-resolved
Dvp Centennial Holdings LLC
Entity
Mailing address
100 SAINT PAUL ST STE #800, DENVER, CO 80206-5144
Ownership since
2021
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
Dec 17, 2021
$26,925,000
Dvp Centennial Holdings LLC
The Centennial LLC
Bargain And Sale Deed
$230,000,000 · Wells Fargo Bank NA
Apr 15, 2021
—
City Of Spokane
The Centennial LLC
Re-recorded Document
related
—
Jul 16, 2018
$34,725,000
Centennial LLC
Rl Spokane LLC
Grant Deed
—
Jan 16, 2015
—
Rl Spokane LLC
Whc804 LLC
Special Warranty Deed
$80,000,000 · Pacific Western National Bank
Jun 20, 2013
—
Whc804 LLC
—
Deed Of Trust
related
$55,000,000 · Wells Fargo Bank
Mar 2, 2004
—
Spokane City (wa)
Development LLC
Grant Deed
related
—
Jan 16, 2004
—
Developwest LLC
Pacific Security Companies INC
Quit Claim Deed
related
—
Aug 16, 2001
—
Whc804 LLC
Westcoast Hospitality LP
Quit Claim Deed
related
$14,000,000 · Column Financial INC
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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