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Property profile & analytics
OFF-MARKET
Estimated value
$2,585,000
Retail properties & Spaces
4320 Division St, Spokane, WA 99207-1609
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0391305
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2015
Total area
24,300 SF
Lot
0.65 ac (28,314 SF)
APN
35052.2018
UPID
US90-0391305
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
-
Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.59M
Owner & transaction history
City Of Spokane · 3 yrs held
City Of Spokane
since 2023
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.59M
Range $2.33M – $2.84M · ±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
$106 / 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
$19,822
Tax year 2023
Assessed value
$2,031,730
Assessed 2024
Previous assessed
$1,790,520
+13.5% YoY
Effective rate
0.98%
On assessed value
Assessed land
$737,330
Assessed improvement
$1,294,400
Land market value
$737,330
Improvement market value
$1,294,400
Total market value
$2,031,730
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Bathrooms
1
Total area
24,300 SF
Lot
0.65 ac (28,314 SF)
APN
35052.2018
UPID
US90-0391305
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
2015
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
City Of Spokane
Entity
Mailing address
808 W SPOKANE FLS BLVD, SPOKANE, WA 99201-3301
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2023
—
City Of Spokane
Big Bidness LLC
Bargain And Sale Deed
—
Jun 12, 2015
—
Big Bidness LLC
—
Trustees Deed
related
$1,120,000 · Valley Busn Bk
Oct 15, 2014
$640,000
Big Bidness LLC
Magnolia Ents LLC
Grant Deed
—
Oct 20, 2011
—
Magnolia Ents LLC
Delay,michael J
Quit Claim Deed
related
—
Mar 30, 2010
—
Michael J Delay
Delay,alison
Quit Claim Deed
related
—
Mar 30, 2010
$217,979
Michael J Delay
T & D Ventures LLC
Warranty Deed
—
Mar 24, 2008
—
T & D Ventures LLC
Apogee Ventures LLC
Quit Claim Deed
related
—
Oct 15, 2007
—
T & D Ventures LLC
Delay,michael
Quit Claim Deed
related
—
Mar 12, 2007
—
Terryfour LLC
Tombari,terence M
Quit Claim Deed
related
—
Mar 2, 2007
—
William A Tombari JR.
Apogee Ventures LLC
Quit Claim Deed
related
—
Apr 28, 2003
—
Apogee Ventures LLC
Empire Ventures LP
Quit Claim Deed
related
—
—
—
Michael J Delay
—
Deed Of Trust
related
$250,000 · Us Bank Of Washington
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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