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Property profile & analytics
OFF-MARKET
Estimated value
$4,935,000
Grocery and convenience stores
4110 Fosseen Rd Spokane, WA 99224-5315
Entity Owned
22-yr Hold
Free & Clear
Property ID
US90-1481479
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,000 SF
Lot
4.15 ac (180,730 SF)
APN
25334.0104
UPID
US90-1481479
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
-
Harper Conoco Gas Station
-
76 Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$4.94M
Owner & transaction history
Fast Forward Management LLC · 22 yrs held
Fast Forward Management LLC
since 2003
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.94M
Range $4.44M – $5.43M · ±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
$84 / 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
$9,436
Tax year 2023
Assessed value
$1,083,460
Assessed 2024
Previous assessed
$1,036,260
+4.6% YoY
Effective rate
0.87%
On assessed value
Assessed land
$361,460
Assessed improvement
$722,000
Land market value
$361,460
Improvement market value
$722,000
Total market value
$1,083,460
Applied tax rate
2,040.0000
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
59,000 SF
Lot
4.15 ac (180,730 SF)
APN
25334.0104
UPID
US90-1481479
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
Fast Forward Management LLC
Entity
Free & Clear · 22 yrs held
Mailing address
4802 S GRV RD, SPOKANE, WA 99224-5606
Ownership since
2003
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
Jul 15, 2020
—
Fast Forward Management LLC
—
Deed
related
$151,027 · Banner Bank
Nov 25, 2003
$748,750
Fast Forward Management LLC
Us Bank NA
Trustees Deed
—
Jan 30, 1998
—
Progessive Investments LLC
Roberts,kim B & Christine J
Quit Claim Deed
related
$740,000 · Us Bank
May 9, 1996
—
Jjjj LP
Peterson,john R & Jacqueline M
Quit Claim Deed
related
—
—
—
Progressive Investments LLC
—
Deed Of Trust
related
$440,000 · Us Bank
—
—
Gregory M Coleman
—
Deed Of Trust
related
$225,000 · Us Bank
—
—
Progressive Investments LLC
—
Deed Of Trust
related
$440,000 · Us Bank
—
—
Progressive Investment LLC
—
Deed Of Trust
related
$163,993 · Gregory M & Nancy W Coleman
—
—
Fast Forward Management LLC
—
Deed Of Trust
related
—
—
—
Fast Forward Management LLC
—
Deed Of Trust
related
$478,000 · Divine Corp
—
—
Progressive Investments LLC
—
Deed Of Trust
related
$455,000 · Northwest Business Dev Assoc
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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