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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Flex space
3342 Trent Ave Spokane, WA 99202-4433
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0025853
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1934
Total area
2,500 SF
Lot
1.85 ac (80,701 SF)
APN
35152.3303
UPID
US90-0025853
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
-
Calm Balm Boutique Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$955k
Blend (final)
Blend
$1.54M
Owner & transaction history
Donald W Morse · 1 yrs held
Donald W Morse
since 2025
Last sale
$1.6M
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
$1,500,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.60M (Aug 29 2023)
Last sale anchor
$1.60M
Aug 29 2023
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
$616 / 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
$7,937
Tax year 2023
Assessed value
$812,810
Assessed 2024
Previous assessed
$700,110
+16.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$484,210
Assessed improvement
$328,600
Land market value
$484,210
Improvement market value
$328,600
Total market value
$812,810
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1934
Heating
NONE
Buildings
3
Stories
1
Bathrooms
1
Total area
2,500 SF
Lot
1.85 ac (80,701 SF)
APN
35152.3303
UPID
US90-0025853
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
1934
Heating
NONE
Stories
1
Buildings
3
Bathrooms
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Donald W Morse
Individual
Mailing address
801 W RIVERSIDE AVE STE #300, SPOKANE, WA 99201-0908
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
—
Donald W Morse
Don Morse
Warranty Deed
related
—
Aug 29, 2023
—
Don Morse
Don Morse
Intrafamily Transfer
related
—
Oct 18, 2022
$1,600,000
Don Morse
Hermann Commercial Properties LLC
Warranty Deed
$1,000,000 · Washington Trust Bank
Feb 29, 2008
—
Hermann Commercial Props LLC
Intermountain Industries LLC
Warranty Deed
—
Nov 27, 2007
$500,000
Intermountain Industries LLC
Montague,garry H & Mary A
Warranty Deed
—
Feb 11, 2004
$476,087
Mhd LLC
Sunset Outdoor West INC
Grant Deed
—
—
—
Intermountain Industries LLC
—
Deed Of Trust
related
$514,105 · Steven E & Linda T Hermann
—
—
Garry H Montague
—
Deed Of Trust
related
$307,500 · Amci Finance
—
—
Garry H Montague
—
Deed Of Trust
related
$400,000 · Inland Northwest Bank
—
—
Garry H Montague
—
Deed Of Trust
related
$600,000 · Inland Northwest Bank
—
—
Garry H Montague
—
Deed Of Trust
related
$112,028 · Inland Northwest Bank
—
—
Garry H Montague
—
Deed Of Trust
related
$87,500 · Northwest Industrial Services
—
—
Garry H Montague
—
Deed Of Trust
related
$158,900 · Northwest Industrial Services
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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