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Property profile & analytics
OFF-MARKET
Estimated value
$5,455,000
Medical Office Space
3708 57th Ave Spokane, WA 99223-8001
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0057231
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
41,708 SF
Lot
4.17 ac (181,580 SF)
APN
34034.9126
UPID
US90-0057231
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
-
Avamere at South Hill Retirement Community
-
Parkway Village Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.34M
Blend (final)
Blend
$5.46M
Owner & transaction history
Hcp Sh Elp2 LLC · 13 yrs held
Hcp Sh Elp2 LLC
since 2012
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,245,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.46M
Range $4.91M – $6.00M · ±10%
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
$131 / 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
$84,784
Tax year 2023
Assessed value
$8,317,800
Assessed 2024
Previous assessed
$7,768,200
+7.1% YoY
Effective rate
1.02%
On assessed value
Assessed land
$1,815,800
Assessed improvement
$6,502,000
Land market value
$1,815,800
Improvement market value
$6,502,000
Total market value
$8,317,800
Applied tax rate
480.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
2
Stories
2
Total area
41,708 SF
Lot
4.17 ac (181,580 SF)
APN
34034.9126
UPID
US90-0057231
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
AUTO REPAIR, GARAGE
Est. value
$8.2M
AUTO REPAIR, GARAGE
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
2002
Heating
NONE
Stories
2
Buildings
2
Lot
4.17 ac
Current owner
From public records · entity-resolved
Hcp Sh Elp2 LLC
Entity
Mailing address
22 F 8TH WANG HOI RD KOWLOON BAY
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2018
—
Wa4 South Hill LLC
—
Deed
related
$45,540 · Capital One Bank NA
Nov 14, 2012
$6,764,367
Hcp Sh Elp2 LLC
Bre Of Sw Parkway Village LLC
Grant Deed
—
Aug 18, 2010
—
Bre Of Sw Parkway Village LLC
Spokane Senior Living LLC
Grant Deed
—
Sep 5, 2007
$50,000
Evas Parkway Village LLC
Pattersons Parkway Vlg LLC
Warranty Deed
—
Aug 15, 2006
$620,000
Smiths Parkway Village LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$105,000
Currens Parkway Village LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$103,000
Martins Parkway Village LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$213,000
Pattersons Parkway Vlg LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$180,000
Phillips Parkway Village LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$595,400
Fredericks Parkway Vlg LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$200,000
Dicarlos Parkway Village LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$750,000
Willoughbys Parkway Vlg LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$150,000
Whitesells Parkway Vlg LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 15, 2006
$100,000
Robbins Parkway Village LLC
Spokane Senior Living LLC
Warranty Deed
—
Aug 14, 2006
$4,800,000
Spokane Senior Living LLC
Spokane Assisted Living LLC
Warranty Deed
related
$6,920,000 · Community Bank
Dec 4, 2000
—
Spokane Assisted Living LLC
T J Landco LLC
Grant Deed
related
—
Aug 16, 2000
$4,494
Tj Landco LLC
Barber,garlyn W & Eileen R
Grant Deed
$162,000 · Staats Trust
—
—
Spokane Assisted Living LLC
—
Deed Of Trust
related
$3,500,000 · Intervest Mortgage Investment
—
—
Tj Landco LLC
—
Deed Of Trust
related
$60,000 · Individual
—
—
Bre Of Sw Parkway Village LLC
—
Deed Of Trust
related
$5,770,847 · Community Bank NA
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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