Property profile

41987 Shr Acres Rd Loon Lake, WA 99148

OFF-MARKET
Other specialty properties
Property ID
US90-1991693
4,479 SF 2 ac lot Built 1962
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Lakefront resort property located in Loon Lake, Washington, approximately 45 minutes from Spokane. The site covers nearly 2 acres and includes more than 165 feet of shoreline, with zoning designated for commercial recreation. The resort is configured with a mix of 12 cabins/apartments and 30 RV sites; the lodging units include kitchens, air conditioning, and Wi-Fi. On-site guest amenities include day-use areas, a private boat launch, seasonal docks, a sandy beach, a fire pit, picnic spaces, and on-site laundry. The property is set up to support overnight stays and related lake access and boating activities.

Property profile

Verified
Property type Other specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1962
Total area 4,479 SF
Lot 2 ac (87,120 SF)
APN 5177100
UPID US90-1991693

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Boat Rental Service Canoe & Kayak Rental Service

Location

41987 Shr Acres Rd Loon Lake, WA 99148-9610
Loon Lake metro Census 951301 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$880k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
$2.5M
2019
$860,000
2007
$1.1M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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