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Property profile & analytics
OFF-MARKET
Estimated value
$385,000
Distribution centers
4309 Joseph Ave Spokane, WA 99217-6559
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1092298
Property summary
AI-generated overview
This exceptional Spokane County industrial warehouse at 4309 E Joseph Ave, Spokane, WA 99217 offers 4,600 square feet of immediately available space, perfect for multiple tenants. The property features one building with a flexible layout allowing for spaces ranging from 2,100 to 2,500 contiguous square feet. The entire 4,600 square feet is currently vacant and ready for immediate occupancy. The warehouse boasts impressive features including four dock-high doors for efficient loading and unloading, and robust power capabilities with 3-phase, 600 AMP service. Ceiling heights vary, offering 22'5" and 16'1" clearances, providing ample space for various storage and operational needs. This prime location in Spokane offers easy access to major transportation routes, making it an ideal choice for businesses requiring convenient logistics. The property is zoned for industrial use and is situated in Spokane County. Contact us today to schedule a viewing and secure your space in this highly desirable industrial warehouse.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1973
Total area
4,600 SF
Lot
1.39 ac (60,450 SF)
APN
36341.3015
UPID
US90-1092298
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
-
Turbo Burn Inc. Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$634k
Blend (final)
Blend
$385k
Owner & transaction history
Roids Properties LLC · 1 yrs held
Roids Properties LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$910,000
+62.0%
Commercial (general)
$740,000
+32.3%
Retail stores
$570,000
+2.0%
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
$385,000
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$430,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$560,000
Current use
AUTO REPAIR, GARAGE
$910,000
Change: +62% · Conversion: Easy
COMMERCIAL (GENERAL)
$740,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$385k
Range $347k – $424k · ±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
$84 / 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
$8,098
Tax year 2023
Assessed value
$829,280
Assessed 2024
Previous assessed
$485,660
+70.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$211,580
Assessed improvement
$617,700
Land market value
$211,580
Improvement market value
$617,700
Total market value
$829,280
Applied tax rate
16.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Rooms
7
Bathrooms
6
Total area
4,600 SF
Lot
1.39 ac (60,450 SF)
APN
36341.3015
UPID
US90-1092298
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
WAREHOUSE, STORAGE Current
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$740,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Rooms
7
Bathrooms
6
Lot
1.39 ac
Current owner
From public records · entity-resolved
Roids Properties LLC
Entity
Mailing address
4225 E JOSEPH AVE, SPOKANE, WA 99217-6557
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2025
$960,000
Roids Properties LLC
Lrh LLC
Warranty Deed
$835,000 · Hamilton Family Trust
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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