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Property profile & analytics
OFF-MARKET
Estimated value
$3,405,000
Retail space
3131 Division St Spokane, WA 99207-1900
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1498663
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
16,230 SF
Lot
4.15 ac (180,914 SF)
APN
35064.3923
UPID
US90-1498663
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
-
Longines Retailer - Inside Pounder's Jewelry (Bike/Boat/Book/etc) Store
-
Bridal Collections Clothing & Fashion Store
-
The Psychiatry Group Medical Clinic
-
Asif R. Malik, MD (Psychiatry Group) Physician
-
Spokane Clock Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$3.41M
Owner & transaction history
Pounders Family Propertys LLC
Pounders Family Propertys LLC
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+5.3%
Medical building
$3.9M
+0.2%
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%
$2,805,000
6.5%
$2,590,000
7%
$2,405,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,855,000
Current use
OFFICE BUILDING
$4,060,000
Change: +5% · Conversion: Easy
MEDICAL BUILDING
$3,860,000
Change: +0% · Conversion: Difficult
RESTAURANT
$3,595,000
Change: -7% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,210,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.41M
Range $3.06M – $3.75M · ±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
$210 / 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
$40,383
Tax year 2023
Assessed value
$4,140,380
Assessed 2024
Previous assessed
$3,918,080
+5.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,351,880
Assessed improvement
$1,788,500
Land market value
$2,351,880
Improvement market value
$1,788,500
Total market value
$4,140,380
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
2
Stories
1
Bathrooms
4
Total area
16,230 SF
Lot
4.15 ac (180,914 SF)
APN
35064.3923
UPID
US90-1498663
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
RETAIL STORES Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.9M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
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
1965
Heating
NONE
Stories
1
Buildings
2
Bathrooms
4
Lot
4.15 ac
Current owner
From public records · entity-resolved
Pounders Family Propertys LLC
Entity
Mailing address
3131 N DIVISION ST, SPOKANE, WA 99207-1900
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Pounders Family Propertys LLC
—
Deed Of Trust
related
$1,140,012 · Bank Of America
—
—
Pounder C J
—
Deed Of Trust
related
$1,300,000 · First Interstate Bank Washingt
—
—
C James Pounder JR.
—
Deed Of Trust
related
$700,000 · Bank Of America
—
—
C J Pounder JR.
—
Deed Of Trust
related
$1,200,000 · Bank Of America
—
—
C J Pounder JR.
—
Deed Of Trust
related
$300,000 · Bank Of America
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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