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Property profile & analytics
OFF-MARKET
Warehouses
3633 Nebraska Ave Spokane, WA 99217-6638
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1092920
Property summary
AI-generated overview
This exceptional Spokane, WA industrial property offers a portfolio of three heavy industrial parcels totaling 14,764 square feet, situated in the Hillyard district, conveniently located just east of the Safeway Distribution Center on Freya Street. The property comprises two buildings constructed in 1980 and renovated in 1998, offering a combined 14,764 square feet of vacant space. Multiple tenancy options are available, with a minimum divisible space of 5,800 square feet and a maximum contiguous space of 8,964 square feet. The property features a total lot size ranging from 0.51 to 1.33 acres and boasts 14 feet of frontage. The zoning is designated HI (Heavy Industrial), providing flexibility for a variety of industrial uses. The property's convenient location and substantial space make it an ideal opportunity for businesses seeking a strategic presence in Spokane's thriving industrial sector. Property includes APN numbers 36341.2111
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
5,600 SF
Lot
0.36 ac (15,525 SF)
APN
36341.2111
UPID
US90-1092920
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
-
Aluminum Products Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jarvis Properties Of Spokane LLC · 1 yrs held
Jarvis Properties Of Spokane LLC
since 2025
Last sale
$2.1M
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,898
Tax year 2023
Assessed value
$398,520
Assessed 2024
Previous assessed
$369,240
+7.9% YoY
Effective rate
0.98%
On assessed value
Assessed land
$58,220
Assessed improvement
$340,300
Land market value
$58,220
Improvement market value
$340,300
Total market value
$398,520
Applied tax rate
16.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
5,600 SF
Lot
0.36 ac (15,525 SF)
APN
36341.2111
UPID
US90-1092920
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
1980
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Jarvis Properties Of Spokane LLC
Entity
Mailing address
2206 E 17TH AVE, SPOKANE, WA 99203-3647
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$2,075,000
Jarvis Properties Of Spokane LLC
Douglas G Sonneborn Trust
Warranty Deed
$1,556,250 · Washington Trust Bank
Dec 11, 2020
—
Testamentary Douglas G S Trust
Douglas G Sonneborn
Quit Claim Deed
related
—
—
—
Douglas G Sonneborn
—
Deed Of Trust
related
$320,000 · Washington Trust 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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