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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
High-rise multifamily apartments
312 Hastings Rd, Spokane, WA 99218-2500
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-2040821
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1996
Total area
5,600 SF
Lot
4.73 ac (206,038 SF)
APN
36071.9113
UPID
US90-2040821
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
$855k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
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
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%
$930,000
6.5%
$855,000
7%
$795,000
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$174 / 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
$21,933
Tax year 2023
Assessed value
$2,452,020
Assessed 2024
Previous assessed
$2,289,510
+7.1% YoY
Effective rate
0.89%
On assessed value
Assessed land
$669,620
Assessed improvement
$1,782,400
Land market value
$669,620
Improvement market value
$1,782,400
Total market value
$2,452,020
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
3
Stories
1
Units
8
Bathrooms
8
Total area
5,600 SF
Lot
4.73 ac (206,038 SF)
APN
36071.9113
UPID
US90-2040821
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
1996
Heating
NONE
Stories
1
Buildings
3
Units
8
Bathrooms
8
Lot
4.73 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
14 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
Dec 29, 2011
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$7,400,000 · Numerica Cu
Mar 30, 2007
—
Fairwood Village Holdings LLC
Fairwood Village LLC
Quit Claim Deed
related
—
Jul 26, 2000
—
Ronald L Knutson
—
Grant Deed
related
$2,300,000 · Us Bank NA
Apr 16, 1998
—
Fairwood Village LLC
Knutson,ronald L & Joyce M
Quit Claim Deed
related
—
Jun 25, 1996
—
Bar K Land Co INC
—
Deed Of Trust
related
$1,200,000 · Us Bank Of Washington
—
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$4,000,000 · Intermountain Bank
—
—
Bar K Land Co INC
—
Deed Of Trust
related
$600,000 · Us Bank Of Washington
—
—
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
—
—
Ronald L Knutson
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
Fairwood Village Holdings LLC
—
Deed Of Trust
related
$4,000,000 · Intermountain Bank
—
—
Fairwood Village LLC
—
Deed Of Trust
related
$650,000 · Us 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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