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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Distribution centers
3221 Market St, Spokane, WA 99207
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3369660
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1960
Total area
9,268 SF
Lot
0.5 ac (21,875 SF)
APN
35033.0201
UPID
US90-3369660
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
$915k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$954k
Blend (final)
Blend
$915k
Owner & transaction history
Local Union No 72 Of Operative Plas · 5 yrs held
Local Union No 72 Of Operative Plas
since 2020
Last sale
$600,000
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
$865,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,115,000
Current use
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $600k (Aug 6 2020)
Last sale anchor
$600k
Aug 6 2020
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
$99 / 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
$5,181
Tax year 2023
Assessed value
$530,150
Assessed 2024
Previous assessed
$494,510
+7.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$131,250
Assessed improvement
$398,900
Land market value
$131,250
Improvement market value
$398,900
Total market value
$530,150
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
9,268 SF
Lot
0.5 ac (21,875 SF)
APN
35033.0201
UPID
US90-3369660
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
WAREHOUSE, STORAGE Current
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
1960
Heating
NONE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Local Union No 72 Of Operative Plas
Individual
Mailing address
3921 E MAIN AVE, SPOKANE, WA 99202-4736
Ownership since
2020
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
Aug 6, 2020
$600,000
Local Union No 72 Of Operative Plas
Power Handling Incorproated
Warranty Deed
—
Mar 29, 2007
$501,000
Powerhandling INC
G B Olmstead Investments LLC
Warranty Deed
$470,000 · G B Olmstead Investments LLC
Jan 23, 2006
$400,000
Gb Olmstead Investments LLC
Cal-lee Ventures INC
Warranty Deed
$300,000 · Blackbros Ptshp
Aug 11, 2004
—
Cal-lee Ventures INC
West,robert K & Maryl J
Quit Claim Deed
related
—
Feb 2, 2001
—
Westwood Consulting LLC
West,robert K & Maryl J
Quit Claim Deed
related
—
—
—
G B Olmstead Investments LLC
—
Deed Of Trust
related
$208,000 · Olmstead Family Trust
—
—
Robert K West
—
Deed Of Trust
related
$289,500 · Washington Trust Bank
—
—
Westwood Consulting LLC
—
Deed Of Trust
related
$75,000 · Cal-lee Ventures INC
—
—
Powerhandling INC
—
Deed Of Trust
related
$375,000 · Banner 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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