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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Warehouses
4107 Sprague Ave Spokane, WA 99202-4850
Individually Owned
Free & Clear
Property ID
US90-3237273
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Total area
4,600 SF
Lot
0.55 ac (24,039 SF)
APN
35154.4905
UPID
US90-3237273
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
-
Laughing Glass Company General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$411k
Blend (final)
Blend
$555k
Owner & transaction history
John Mosby
John Mosby
since 2026
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+48.3%
Commercial (general)
$740,000
+21.1%
Retail stores
$660,000
+7.7%
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
$340,000
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$615,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +48% · Conversion: Easy
COMMERCIAL (GENERAL)
$740,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$660,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$121 / 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
$4,132
Tax year 2023
Assessed value
$422,550
Assessed 2024
Previous assessed
$363,810
+16.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$216,350
Assessed improvement
$206,200
Land market value
$216,350
Improvement market value
$206,200
Total market value
$422,550
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
2
Stories
1
Units
9
Bathrooms
9
Total area
4,600 SF
Lot
0.55 ac (24,039 SF)
APN
35154.4905
UPID
US90-3237273
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
WAREHOUSE, STORAGE Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$660,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2001
Heating
NONE
Stories
1
Buildings
2
Units
9
Bathrooms
9
Lot
0.55 ac
Current owner
From public records · entity-resolved
John Mosby
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 4040, SPOKANE, WA 99220-0040
Ownership since
2026
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
Mar 10, 2026
$320,000
John Mosby
Paulsen LLC
Warranty Deed
—
Oct 10, 2014
$250,000
Paulsen LLC
South Tacoma Way LLC
Grant Deed
$240,000 · South Tacoma Way LLC
Mar 31, 2008
$250,000
South Tacoma Way LLC
Roadrunner Properties LLC
Quit Claim Deed
related
—
Feb 3, 2004
$250,000
Roadrunner Properties LLC
Miller,charles L & C C
Grant Deed
—
—
—
Charles L Miller
—
Deed Of Trust
related
$185,000 · Us 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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