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Property profile & analytics
OFF-MARKET
Estimated value
$6,250,000
Hotels
4301 Sunset Blvd, Spokane, WA 99224-5157
Entity Owned
~
Est. High Equity
Property ID
US90-3236818
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1950
Total area
45,073 SF
Lot
2.26 ac (98,656 SF)
APN
25262.0607
UPID
US90-3236818
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
-
Catholic Charities Housing Complex
-
ATM Machine at Quality Inn & Suites Airport Atm
-
Home Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.27M
CAP Approach
CAP
$4.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.25M
Owner & transaction history
Vb Acquisitions LLC
Vb Acquisitions LLC
since 2026
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.1M
+162.9%
Restaurant
$5.9M
+54.0%
Commercial (general)
$5.4M
+41.7%
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
$5,850,000
ML approach
$6,270,000
CAP Approach
CAP Return
Estimation
6%
$4,815,000
6.5%
$4,445,000
7%
$4,130,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,835,000
Current use
RETAIL STORES
$10,085,000
Change: +163% · Conversion: Difficult
RESTAURANT
$5,910,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,435,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,390,000
Change: +40% · Conversion: Difficult
OFFICE BUILDING
$4,645,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$4,085,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$6.25M
Range $5.63M – $6.88M · ±10% · vs last sale $6.44M (Sep 12 2022)
Last sale anchor
$6.44M
Sep 12 2022
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
$139 / 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
$32,701
Tax year 2023
Assessed value
$3,735,020
Assessed 2024
Previous assessed
$2,805,720
+33.1% YoY
Effective rate
0.88%
On assessed value
Assessed land
$394,620
Assessed improvement
$3,340,400
Land market value
$394,620
Improvement market value
$3,340,400
Total market value
$3,735,020
Applied tax rate
50.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1950
Heating
NONE
Stories
5
Units
90
Total area
45,073 SF
Lot
2.26 ac (98,656 SF)
APN
25262.0607
UPID
US90-3236818
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
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.8M
RETAIL STORES
Est. value
$10.1M
RESTAURANT
Est. value
$5.9M
COMMERCIAL (GENERAL)
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.1M
HOTEL/MOTEL Current
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Stories
5
Units
90
Lot
2.26 ac
Current owner
From public records · entity-resolved
Vb Acquisitions LLC
Entity
Mailing address
PO BOX 2253, SPOKANE, WA 99210-2253
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Vb Acquisitions LLC
Cellco Partnership
Deed
—
Sep 12, 2022
$6,439,716
The Catalyst Project LLC
Surmohin Hotel LLC
Warranty Deed
$9,246,446 · Washington State Department Of Comm
Mar 4, 2022
—
Surmohin Hotel LLC
2013 Investors LLC
Re-recorded Document
related
—
Mar 9, 2018
—
Surmohin Hotel LLC
—
Deed
related
$160,500 · Khaira Ent's Ltd
Jan 11, 2017
$3,490,000
Surmonhin Hotel LLC
2013 Investors LLC
Warranty Deed
$2,750,000 · Royal Business Bank
Jun 17, 2016
—
2013 Investors LLC
—
Deed
related
$2,233,500 · Greater Nv Cu
Mar 2, 2015
—
2013 Investors LLC|p & J Investors LLC
—
Trustees Deed
related
$840,000 · Eastside Fndg
Apr 18, 2013
$797,500
2013 Investors LLC
Wib Properties-spokane House L
Grant Deed
$650,302 · Eastside Funding LLC
Jan 29, 2013
—
Properties-spokane House L Wib
Whidbey Island Bk
Grant Deed
related
—
Dec 19, 2012
$1,281,832
Whidbey Island Bk
Eash David E
Trustees Deed
related
—
Jul 2, 2004
$1,195,000
M & G Dev LLC
May May & Mcreynolds LLC
Warranty Deed
$1,386,805 · City Bank
—
—
2013 Investors LLC
—
Deed Of Trust
related
$2,233,500 · Greater Nv Cu
—
—
Surmohin Hotel LLC
—
Deed Of Trust
related
$160,500 · Khaira Ent's Ltd
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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