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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Theaters & concert halls
425 Hastings Rd Spokane, WA 99218
Individually Owned
28-yr Hold
Free & Clear
Property ID
US90-1134984
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1974
Total area
24,000 SF
Lot
5.76 ac (250,996 SF)
APN
36075.2817
UPID
US90-1134984
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Calvary Chapel Of Spokane · 28 yrs held
Calvary Chapel Of Spokane
since 1998
6 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
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$37 / 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
$3,130
Tax year 2023
Assessed value
$5,491,780
Assessed 2024
Previous assessed
$4,781,380
+14.9% YoY
Effective rate
0.06%
On assessed value
Assessed land
$1,129,480
Assessed improvement
$4,362,300
Land market value
$1,129,480
Improvement market value
$4,362,300
Total market value
$5,491,780
Applied tax rate
1,280.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1974
Heating
NONE
Buildings
4
Stories
1
Bathrooms
4
Total area
24,000 SF
Lot
5.76 ac (250,996 SF)
APN
36075.2817
UPID
US90-1134984
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
1974
Heating
NONE
Stories
1
Buildings
4
Bathrooms
4
Lot
5.76 ac
Current owner
From public records · entity-resolved
Calvary Chapel Of Spokane
Individual
Free & Clear · 28 yrs held
Mailing address
511 W HASTINGS RD, SPOKANE, WA 99218-2815
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 1999
—
Calvary Chapel Of Spokane Chur
—
Deed Of Trust
related
$2,325,000 · United Security Bank
Apr 2, 1998
—
Calvary Chapel Of Spokane
United Security Bank
Quit Claim Deed
related
—
—
—
Chapel Spokane Church Calvary
—
Deed Of Trust
related
$2,700,000 · Bank Of The West
—
—
Calvary Chapel Of Spokane Chur
—
Deed Of Trust
related
$253,001 · United Security Bank
—
—
Calvary Chapel Of Spokane Church
—
Deed Of Trust
related
$2,425,000 · Bank Of The West
—
—
Calvary Chapel Of Spokane Chur
—
Deed Of Trust
related
$700,000 · United Security Bank
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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