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Property profile & analytics
OFF-MARKET
Estimated value
$10,360,000
Commercial real estate
3724 Cook St, Spokane, WA 99207-5875
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1106698
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1997
Total area
49,912 SF
Lot
7.54 ac (328,278 SF)
APN
35044.0154
UPID
US90-1106698
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
-
Westfall Village Apartments Apartment Building
-
Belov Trucking Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.17M
Comparable Approach
Comparable
$11.70M
Blend (final)
Blend
$10.36M
Owner & transaction history
Spokane Housing Authority · 15 yrs held
Spokane Housing Authority
since 2010
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.5M
+55.0%
Medical building
$11.9M
+47.4%
Retail stores
$11.9M
+47.2%
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%
$9,935,000
6.5%
$9,170,000
7%
$8,515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,055,000
Current use
OFFICE BUILDING
$12,485,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$11,870,000
Change: +47% · Conversion: Easy
RETAIL STORES
$11,850,000
Change: +47% · Conversion: Easy
RESTAURANT
$11,060,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,865,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,985,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$10.36M
Range $9.32M – $11.40M · ±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
$208 / 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
Assessed value
$17,739,700
Assessed 2024
Previous assessed
$10,798,000
+64.3% YoY
Assessed land
$738,630
Assessed improvement
$17,001,070
Land market value
$738,630
Improvement market value
$17,001,070
Total market value
$17,739,700
Applied tax rate
10.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
2
Stories
2
Units
110
Bathrooms
8
Total area
49,912 SF
Lot
7.54 ac (328,278 SF)
APN
35044.0154
UPID
US90-1106698
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
COMMERCIAL (GENERAL) Current
Est. value
$8.1M
OFFICE BUILDING
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$11.9M
RETAIL STORES
Est. value
$11.9M
RESTAURANT
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$9.9M
INDUSTRIAL (GENERAL)
Est. value
$9.0M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1997
Heating
NONE
Stories
2
Buildings
2
Units
110
Bathrooms
8
Lot
7.54 ac
Current owner
From public records · entity-resolved
Spokane Housing Authority
Entity
Mailing address
55 W MSN AVE, SPOKANE, WA 99201-2333
Ownership since
2010
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
Sep 14, 2017
—
Wilbur & Cook Affordable Portf
—
Grant Deed
related
$33,350,000 · Banner Bk
Aug 12, 2010
$2,441,261
Spokane Housing Authority
Westfall Village Apartments LP
Warranty Deed
$4,927,020 · Spokane Teachers Cu
—
—
Village Apartments LP Westfall
—
Deed Of Trust
related
—
—
—
Village Apartments LP Westfall
—
Deed Of Trust
related
$2,250,000 · Washington Community Reinvestm
—
—
Village Apartments LP Westfall
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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