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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Grocery and convenience stores
404 Maple St Spokane, WA 99201-5123
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0084704
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1996
Total area
2,991 SF
Lot
0.96 ac (42,000 SF)
APN
25241.3924
UPID
US90-0084704
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
-
McDonald's Restaurant Take-out & Catering
-
Chevron Gas Station
-
U-Haul Neighborhood Dealer Car Rental Facility
-
LibertyX Bitcoin ATM Atm
-
CoinFlip Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
$560k
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$580k
Owner & transaction history
Mcdonalds Corporation · 2 yrs held
Mcdonalds Corporation
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$475,000
+313.6%
Commercial (general)
$375,000
+224.5%
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
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
$605,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Change: +314% · Conversion: Moderate
COMMERCIAL (GENERAL)
$375,000
Change: +224% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$194 / 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
$16,273
Tax year 2023
Assessed value
$1,667,700
Assessed 2024
Previous assessed
$1,582,300
+5.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$840,000
Assessed improvement
$827,700
Land market value
$840,000
Improvement market value
$827,700
Total market value
$1,667,700
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
2
Stories
1
Bathrooms
3
Total area
2,991 SF
Lot
0.96 ac (42,000 SF)
APN
25241.3924
UPID
US90-0084704
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
OFFICE BUILDING
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$375,000
OFFICE BUILDING
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
1996
Heating
NONE
Stories
1
Buildings
2
Bathrooms
3
Lot
0.96 ac
Current owner
From public records · entity-resolved
Mcdonalds Corporation
Entity
Mailing address
110 N CARPENTER ST, CHICAGO, IL 60607-4106
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
—
Gs Bains Properties LLC
—
Deed
related
$1,275,000 · Mountain West Bank
Dec 12, 2023
—
Mcdonalds Corporation
Gurchait Bains
Lease
—
Mar 10, 2022
—
Gs Bains Properties LLC
Gs Bains LLC
Quit Claim Deed
related
—
Nov 6, 2020
—
Gs Bains LLC
Gurchait S Bains
Quit Claim Deed
related
—
Nov 18, 2019
—
Gurchait Bains
—
Deed
related
$740,000 · Mountain West Bk
Dec 28, 2005
$1,200,000
Gurchait Bains
Peak Development LLP
Warranty Deed
$900,000 · The State National Bank Of Garfield
Feb 24, 2004
—
Washington Trust Bank
Peak Dev LLP
Grant Deed
related
—
—
—
Gurchait Bains
—
Loan Modification
related
$740,000 · Mountain West Bk
—
—
Peak Development LLP
—
Deed Of Trust
related
$810,566 · Washington Trust Bank
—
—
Gurchait S Bains
—
Deed Of Trust
related
$100,000 · State Bank Northwest
—
—
Northwest Investments Ptshp
—
Deed Of Trust
related
$1,450,000 · Golden Managers Acceptance Co
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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