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Property profile & analytics
OFF-MARKET
Retail space
42 Wellesley Ave Spokane, WA 99207-1412
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0032027
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
STEEL FRAME
Total area
2,359 SF
Lot
0.26 ac (11,144 SF)
APN
35052.0402
UPID
US90-0032027
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
-
Creative Looks Hair Salon
-
Linked Permanent Jewelry (Bike/Boat/Book/etc) Store
-
Savvie Esthetics Spa & Massage Center Skin Care Clinic
-
Shelby Helena Hair Hair Salon Nail Salon
-
The Actual Pixie Hair Salon
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
Rodys Of Bremerton LLC · 1 yrs held
Rodys Of Bremerton LLC
since 2025
Last sale
$360,000
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
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
$2,421
Tax year 2023
Assessed value
$247,070
Assessed 2024
Previous assessed
$236,800
+4.3% YoY
Effective rate
0.98%
On assessed value
Assessed land
$105,870
Assessed improvement
$141,200
Land market value
$105,870
Improvement market value
$141,200
Total market value
$247,070
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1956
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,359 SF
Lot
0.26 ac (11,144 SF)
APN
35052.0402
UPID
US90-0032027
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
1956
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Rodys Of Bremerton LLC
Entity
Mailing address
306 PARKER CT, COLBERT, WA 99005-5008
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
$360,000
Rodys Of Bremerton LLC
Mechan Family Investments LLC
Warranty Deed
$252,500 · Us Bank NA
Dec 31, 2024
—
Mecham Family Investments LLC
Devin Mecham
Quitclaim Deed
related
—
Apr 5, 2023
$350,000
Devin Mecham
Kenneth J Carlson
Warranty Deed
$87,500 · Kenneth J Carlson Etux
Jun 6, 2019
—
Kenneth J Carlson
—
Deed
related
$170,000 · Spokane Teachers Cu
Dec 5, 2011
$232,000
Kenneth J Carlson
Rydbom Family Investments LLC
Warranty Deed
$232,000 · Rydbom Family Investments LLC
Jan 27, 2011
—
Rydbom Family Investments LLC
Rydbom Family Living Trust
Quit Claim Deed
related
—
Nov 13, 2009
—
Rydbom Family Living Trust
Whitcraft,charles R & Joan M
Quit Claim Deed
related
—
Aug 27, 2008
$247,000
Charles R Whitcraft
Rydbon Family Trust
Warranty Deed
$172,000 · Rydbom Family Trust (rt)
—
—
Kenneth J Carlson
—
Deed Of Trust
related
$170,000 · Spokane Teachers Cu
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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