New search
Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Distribution centers
3633 Rowan Ave, Spokane, WA 99217-6665
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0079877
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1990
Construction
STEEL FRAME
Total area
5,520 SF
Lot
0.29 ac (12,800 SF)
APN
36341.2204
UPID
US90-0079877
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
-
ACI Mechanical and HVAC Sales Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$896k
Blend (final)
Blend
$735k
Owner & transaction history
3633 East Rowan LLC · 15 yrs held
3633 East Rowan LLC
since 2011
Last sale
$608,500
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+81.6%
Auto repair, garage
$1.1M
+62.0%
Industrial (general)
$995,000
+47.5%
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
$880,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$675,000
Current use
RESTAURANT
$1,225,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,090,000
Change: +62% · Conversion: Easy
INDUSTRIAL (GENERAL)
$995,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$890,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $609k (Dec 31 2020)
Last sale anchor
$609k
Dec 31 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
$133 / 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
$6,335
Tax year 2023
Assessed value
$648,500
Assessed 2024
Previous assessed
$533,400
+21.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$48,000
Assessed improvement
$600,500
Land market value
$48,000
Improvement market value
$600,500
Total market value
$648,500
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
1
Total area
5,520 SF
Lot
0.29 ac (12,800 SF)
APN
36341.2204
UPID
US90-0079877
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
$675,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$890,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1990
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
3633 East Rowan LLC
Entity
Mailing address
422 W RIVERSIDE AVE STE #931, SPOKANE, WA 99201-0302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Mar 30, 2011
—
3633 East Rowan LLC
Heckathorn,michael V
Warranty Deed
—
Mar 26, 2007
$292,500
3633 East Rowan LLC
Heckathorn,michael V
Grant Deed
—
Dec 15, 2005
$150,565
Michael V Heckathorn
Boatworks II INC
Warranty Deed
—
Oct 28, 2005
—
Boatworks II INC
Heckathorn,michael V
Quit Claim Deed
related
—
—
—
3633 East Rowan LLC
—
Deed Of Trust
related
$213,443 · Panhandle State 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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