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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Hotels
3711 Geiger Blvd, Spokane, WA 99224-5416
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-0048338
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1995
Total area
36,600 SF
Lot
3.89 ac (169,500 SF)
APN
25335.0124
UPID
US90-0048338
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
-
Best Western Plus Peppertree Airport Inn Hotel & Motel
-
Denny's Restaurant
-
The Burger Den Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.64M
Owner & transaction history
Santillanes & Sellers LLC · 19 yrs held
Santillanes & Sellers LLC
since 2007
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
$1,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±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
$45 / 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
$45,476
Tax year 2023
Assessed value
$5,342,580
Assessed 2024
Previous assessed
$3,923,280
+36.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$381,380
Assessed improvement
$4,961,200
Land market value
$381,380
Improvement market value
$4,961,200
Total market value
$5,342,580
Applied tax rate
2,045.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
2
Stories
1
Bathrooms
100
Total area
36,600 SF
Lot
3.89 ac (169,500 SF)
APN
25335.0124
UPID
US90-0048338
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
1995
Heating
NONE
Stories
1
Buildings
2
Bathrooms
100
Lot
3.89 ac
Current owner
From public records · entity-resolved
Santillanes & Sellers LLC
Entity
Mailing address
3711 S GEIGER BLVD, SPOKANE, WA 99224-5416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2020
—
Santillanes & Sellers LLC
—
Deed
related
$4,060,000 · Spokane Teachers Cu
Nov 26, 2019
—
Santillanes & Sellers LLC
—
Deed
related
$3,785,000 · Spokane Teachers Cu
Apr 28, 2017
—
Santillanes & Sellers LLC
—
Deed
related
$2,249,000 · Capital Matrix
Feb 1, 2010
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$1,437,536 · Bank Of Whitman
Mar 16, 2007
$5,000,000
Santillanes & Sellers LLC
Asi Mission INC
Grant Deed
$6,030,823 · Bank Of Whitman
May 19, 2006
$4,464,590
Asi Missions INC
Sharley Larry C Trust
Grant Deed
—
—
—
Larry Sharley
—
Deed Of Trust
related
$3,000,000 · United Security Bank
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$550,000 · Bank Of Whitman
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$3,785,000 · Spokane Teachers Cu
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$3,485,000 · Spokane Teachers Cu
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$3,083,000 · Northwest Busn Dev Assn
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$3,000,000 · Spokane Teachers Cu
—
—
Santillanes & Sellers LLC
—
Loan Modification
related
$4,060,000 · Spokane Teachers Cu
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$2,249,000 · Capital Matrix
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$2,249,000 · Capital Matrix
—
—
Santillanes & Sellers LLC
—
Deed Of Trust
related
$5,720,000 · Stcu Cu
—
—
Larry Sharley
—
Deed Of Trust
related
$1,021,187 · United Security 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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