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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Medical Office Space
312 Hastings Rd, Spokane, WA 99218-2500
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-1876979
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
10,470 SF
Lot
1.27 ac (55,321 SF)
APN
36076.9114
UPID
US90-1876979
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
-
Fairwood Retirement Village & Assisted Living Retirement Community
-
Fairwood Northridge LLC Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.91M
Owner & transaction history
Fairwood Village Holdings LLC · 19 yrs held
Fairwood Village Holdings LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+5.2%
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%
$2,255,000
6.5%
$2,080,000
7%
$1,930,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,490,000
Current use
OFFICE BUILDING
$2,620,000
Change: +5% · Conversion: Easy
RETAIL STORES
$2,410,000
Change: -3% · Conversion: Difficult
RESTAURANT
$2,320,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,070,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±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
$182 / 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
$47,508
Tax year 2023
Assessed value
$5,159,790
Assessed 2024
Previous assessed
$4,719,060
+9.3% YoY
Effective rate
0.92%
On assessed value
Assessed land
$179,790
Assessed improvement
$4,980,000
Land market value
$179,790
Improvement market value
$4,980,000
Total market value
$5,159,790
Applied tax rate
1,280.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Buildings
3
Stories
1
Bathrooms
15
Total area
10,470 SF
Lot
1.27 ac (55,321 SF)
APN
36076.9114
UPID
US90-1876979
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
MEDICAL BUILDING Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
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
1993
Heating
NONE
Stories
1
Buildings
3
Bathrooms
15
Lot
1.27 ac
Current owner
From public records · entity-resolved
Fairwood Village Holdings LLC
Entity
Mailing address
312 W HASTINGS RD, SPOKANE, WA 99218-2500
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2017
—
Fairwood Village Holdings LLC
—
Grant Deed
related
$2,000,000 · Numerica Cu
Jul 30, 2014
—
Fairwood Village Holdings LLC
—
Loan Modification, Consolidation And Extension
related
$1,600,000 · Numerica Cu
Mar 30, 2007
—
Fairwood Village Holdings LLC
Knutson,ronald L & Joyce M
Quit Claim Deed
related
—
Jul 26, 2000
—
Ronald L Knutson
—
Grant Deed
related
$2,300,000 · Us Bank NA
Jun 1, 2000
$1,000,000
Ronald L Knutson
Baird,bonnie R
Grant Deed
$1,025,000 · Us Bank NA
—
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$7,400,000 · Numerica Cu
—
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$1,800,000 · Numerica Cu
—
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$1,600,000 · Numerica Cu
—
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$4,000,000 · Intermountain Bank
—
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$4,000,000 · Intermountain 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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