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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
3102 Mt Vernon St Spokane, WA 99223-4764
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1234830
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1973
Total area
3,216 SF
Lot
6.33 ac (275,916 SF)
APN
35331.0714
UPID
US90-1234830
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
by Request
Owner & transaction history
Mount Vernon LLC · 4 yrs held
Mount Vernon LLC
since 2022
Last sale
$12.9M
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
—
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
Assessed value
$11,343,200
Assessed 2024
Previous assessed
$7,135,100
+59.0% YoY
Assessed land
$1,379,580
Assessed improvement
$9,963,620
Land market value
$1,379,580
Improvement market value
$9,963,620
Total market value
$11,343,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
14
Stories
2
Units
8
Bathrooms
8
Total area
3,216 SF
Lot
6.33 ac (275,916 SF)
APN
35331.0714
UPID
US90-1234830
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
1973
Heating
NONE
Stories
2
Buildings
14
Units
8
Bathrooms
8
Lot
6.33 ac
Current owner
From public records · entity-resolved
Mount Vernon LLC
Entity
Mailing address
701 5TH AVE STE #5700, SEATTLE, WA 98104-7014
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
Jun 24, 2022
$12,900,000
Mount Vernon LLC
Irina U Robison
Special Warranty Deed
$14,165,000 · Grandbridge Real Estate Capital LLC
May 31, 2011
—
Irina U Robison
Robison,richard W
Quit Claim Deed
related
—
Jun 3, 2004
$2,500,000
Richard W Robison
99 South Associates
Grant Deed
$2,142,730 · American West Bank
—
—
Irina U Robison
—
Loan Modification
related
$4,120,000 · River Bk
—
—
Richard W Robison
—
Deed Of Trust
related
$5,600,000 · Zions First National Bank
—
—
Richard W Robison
—
Deed Of Trust
related
$960,000 · Riverbank
—
—
Richard W Robison
—
Deed Of Trust
related
$3,280,000 · Riverbank
—
—
Richard W Robison
—
Deed Of Trust
related
$2,981,250 · Zions First National Bank
—
—
Robison,irina U
—
Deed Of Trust
related
$3,450,000 · River Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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