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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Outlet malls
4200 Cheney Spokane Rd Spokane, WA 99224-9661
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0643493
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Total area
1,432 SF
Lot
5.14 ac (223,781 SF)
APN
35313.0032
UPID
US90-0643493
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
-
American Real Estate Associates Real Estate Agency
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Sara Koenig Realtor | Sweet Home Spokane Real Estate Agency
-
Jody Lee Real Estate Broker at Real Broker LLC Real Estate Agency
-
Doc Williams, American R.E. Associates, Inc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$710k
Owner & transaction history
Storage Solutions Latah Creek · 10 yrs held
Storage Solutions Latah Creek
since 2015
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
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$496 / 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
$53,508
Tax year 2023
Assessed value
$5,486,440
Assessed 2024
Previous assessed
$5,049,040
+8.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$671,340
Assessed improvement
$4,815,100
Land market value
$671,340
Improvement market value
$4,815,100
Total market value
$5,486,440
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
11
Stories
1
Total area
1,432 SF
Lot
5.14 ac (223,781 SF)
APN
35313.0032
UPID
US90-0643493
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
2001
Heating
NONE
Stories
1
Buildings
11
Lot
5.14 ac
Current owner
From public records · entity-resolved
Storage Solutions Latah Creek
Individual
Mailing address
4200 S CHENEY SPOKANE RD, SPOKANE, WA 99224-9661
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Storage Solutions Spokane LLC
—
Deed
related
$3,350,000 · Washington Trust Bank
Jun 25, 2019
—
Latah Creek LLC
—
Grant Deed
related
$9,225,000 · Washington Tr Bk
Jun 17, 2016
—
Storage Solutions Spokane LLC
—
Deed
related
$1,002,604 · Banner Bk
Jul 31, 2015
—
Storage Solutions Latah Creek
Latah Creek LLC
Quit Claim Deed
related
—
—
—
Storage Solutions Spokane LLC
—
Deed Of Trust
related
$500,000 · Banner Bank
—
—
Latah Creek LLC
—
Loan Modification
related
$4,900,000 · Banner Bk
—
—
Storage Solutions Spokane LLC
—
Loan Modification
related
$1,002,604 · Banner Bk
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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