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Property profile & analytics
OFF-MARKET
Warehouses
39102 Newport Hwy, Elk, WA 99009-8757
Individually Owned
8-yr Hold
Free & Clear
Property ID
US90-1894299
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
1,944 SF
Lot
65.8 ac (2,866,248 SF)
APN
39145.9082
UPID
US90-1894299
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
-
Spokane Rock Products Building Supply
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
Interstate Concrete & Asphalt · 8 yrs held
Interstate Concrete & Asphalt
since 2018
6 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 Elk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elk 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
$7,740
Tax year 2023
Assessed value
$991,450
Assessed 2024
Previous assessed
$827,640
+19.8% YoY
Effective rate
0.78%
On assessed value
Assessed land
$573,250
Assessed improvement
$418,200
Land market value
$573,250
Improvement market value
$418,200
Total market value
$991,450
Applied tax rate
3,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1992
Heating
NONE
Buildings
3
Stories
1
Total area
1,944 SF
Lot
65.8 ac (2,866,248 SF)
APN
39145.9082
UPID
US90-1894299
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
1992
Heating
NONE
Stories
1
Buildings
3
Lot
65.8 ac
Current owner
From public records · entity-resolved
Interstate Concrete & Asphalt
Individual
Free & Clear · 8 yrs held
Mailing address
5111 E BROADWAY AVE, SPOKANE VALLEY, WA 99212-0928
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2018
$1,945,500
Interstate Concrete & Asphalt
Spokane Rock Products INC
Grant Deed
—
Feb 17, 2009
—
Spokane Rock Products INC
Deatley Co INC
Quit Claim Deed
related
—
Sep 16, 1999
$1,113,500
De Atley Co INC
Lucas Investments LLC
Grant Deed
$1,600,000 · Seller
Sep 10, 1999
$125,000
Lucas Investments LLC
Heeringa,ronald L & Jean
Quit Claim Deed
related
—
Jul 10, 1998
—
Lucas Investments LLC
Lucas,jay H & Bonnie
Quit Claim Deed
related
—
Jan 23, 1997
$120,000
Jay H Lucas
Heeringa,ronald L & Jean
Quit Claim Deed
related
$60,000 · Archer Fs INC
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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