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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Grocery and convenience stores
3620 Sullivan Rd, Spokane Valley, WA 99216-1829
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-3358454
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Total area
35,900 SF
Lot
0.98 ac (42,839 SF)
APN
45013.9101
UPID
US90-3358454
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
-
Hot Stuff Pizza Restaurant
-
Sullivan Station Grocery & Convenience Store
-
ATM (Sullivan Station) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Davinder J Nagra · 1 yrs held
Davinder J Nagra
since 2024
Last sale
$1.1M
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$1,070,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.07M (Dec 3 2024)
Last sale anchor
$1.07M
Dec 3 2024
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
$30 / 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
$11,767
Tax year 2023
Assessed value
$1,216,890
Assessed 2024
Previous assessed
$1,112,090
+9.4% YoY
Effective rate
0.97%
On assessed value
Assessed land
$428,390
Assessed improvement
$788,500
Land market value
$428,390
Improvement market value
$788,500
Total market value
$1,216,890
Applied tax rate
146.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
35,900 SF
Lot
0.98 ac (42,839 SF)
APN
45013.9101
UPID
US90-3358454
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
1998
Heating
NONE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Davinder J Nagra
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 529, VERADALE, WA 99037-0529
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 3, 2024
—
Davinder J Nagra
Davinder J Nagra
Deed
related
—
Mar 26, 2008
$1,067,500
Harbhjan S Nagra
Kim,young P & Mary A
Warranty Deed
$1,120,000 · Banner Bank
Mar 23, 2007
$1,024,747
Yong Pok Kim
Christensen I LLC
Warranty Deed
$990,355 · Pacific International Bank
Jan 26, 2007
—
Christensen I LLC
Wallace Way Exchange LLC
Warranty Deed
—
Apr 20, 2006
$960,000
Wallace Way Exchange LLC
Kim,young & Mary A
Warranty Deed
—
Jul 19, 2004
$2,750,000
Moc Investment LLC
Maid Oclover South INC
Grant Deed
$6,950,000 · Avatar Income Fund I LLC
May 12, 1999
—
Crown West Realty LLC
Maid O'clover South INC
Grant Deed
related
—
Sep 10, 1998
—
Maid O'clover South INC
—
Deed Of Trust
related
$1,400,000 · T & W Financial Services
Sep 9, 1998
$430,000
Maid Oclover South INC
Crown West Realty LLC
Grant Deed
—
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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