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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Hotels
311 Riverpoint Blvd, Spokane, WA 99202-1675
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1568693
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1994
Construction
STEEL FRAME
Total area
10,624 SF
Lot
1.6 ac (69,722 SF)
APN
35173.1605
UPID
US90-1568693
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
-
Fairfield Inn & Suites Spokane Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
Dhillon Properties Wa LLC · 6 yrs held
Dhillon Properties Wa LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+52.8%
Office building
$1.3M
+48.2%
Restaurant
$1.3M
+42.1%
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
$720,000
CAP Approach
CAP Return
Estimation
6%
$1,135,000
6.5%
$1,050,000
7%
$975,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$905,000
Current use
COMMERCIAL (GENERAL)
$1,380,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$1,340,000
Change: +48% · Conversion: Difficult
RESTAURANT
$1,285,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$1,165,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$965,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$83 / 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
$60,046
Tax year 2023
Assessed value
$6,157,000
Assessed 2024
Previous assessed
$4,916,830
+25.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,917,400
Assessed improvement
$4,239,600
Land market value
$1,917,400
Improvement market value
$4,239,600
Total market value
$6,157,000
Applied tax rate
14.0000
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
1994
Construction
STEEL FRAME
Heating
NONE
Stories
4
Units
87
Bathrooms
88
Total area
10,624 SF
Lot
1.6 ac (69,722 SF)
APN
35173.1605
UPID
US90-1568693
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
HOTEL/MOTEL Current
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$965,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1994
Construction
STEEL FRAME
Heating
NONE
Stories
4
Units
87
Bathrooms
88
Lot
1.6 ac
Current owner
From public records · entity-resolved
Dhillon Properties Wa LLC
Entity
Mailing address
311 N RIVERPOINT BLVD, SPOKANE, WA 99202-1675
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 13, 2019
$9,714,312
Dhillon Properties Wa LLC
Hit Smt Fis Spkwa Owner LLC
Grant Deed
$8,020,000 · Jp Morgan Chase Bk
Apr 28, 2017
—
Hit Smt Fis Spkwa Owner LLC
—
Deed
related
—
Feb 17, 2016
—
Arc Hospitality Smt Fis Spkwa Owner
Summit Hospitality I LLC
Bargain And Sale Deed
—
Jan 6, 2005
—
Summit Hospitality I LLC
Summit Hotel Properties LLC
Bargain And Sale Deed
$88,000,000 · Lehman Brothers Bank Fsb
May 10, 2004
—
Summit Hotel Properties LLC
Summit LP Three
Quit Claim Deed
related
—
—
—
Summit Hospitality I LLC
—
Deed Of Trust
related
—
—
—
Hit Smt Fis Spkwa Owner LLC
—
Loan Modification
related
—
—
—
Summit LP
—
Deed Of Trust
related
$14,856,000 · Scott Financial
—
—
Summit LP
—
Deed Of Trust
related
$13,962,000 · Citicorp Real Estate
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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