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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Office buildings
4401 Division St Spokane, WA 99207-1612
Entity Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0270454
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
CONCRETE
Total area
16,870 SF
Lot
2.2 ac (96,006 SF)
APN
35061.0003
UPID
US90-0270454
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
-
ATM (Divine's Food Marts) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.56M
Owner & transaction history
Staffield Family LLC · 25 yrs held
Staffield Family LLC
since 2000
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%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,220,000
Current use
MEDICAL BUILDING
$4,015,000
Change: -5% · Conversion: Easy
RETAIL STORES
$4,005,000
Change: -5% · Conversion: Moderate
RESTAURANT
$3,740,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±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
$211 / 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
$48,831
Tax year 2023
Assessed value
$5,006,740
Assessed 2024
Previous assessed
$4,769,140
+5.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,208,140
Assessed improvement
$2,798,600
Land market value
$2,208,140
Improvement market value
$2,798,600
Total market value
$5,006,740
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
NONE
Stories
9
Bathrooms
10
Total area
16,870 SF
Lot
2.2 ac (96,006 SF)
APN
35061.0003
UPID
US90-0270454
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
OFFICE BUILDING Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$4.0M
RESTAURANT
Est. value
$3.7M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
1962
Construction
CONCRETE
Heating
NONE
Stories
9
Bathrooms
10
Lot
2.2 ac
Current owner
From public records · entity-resolved
Staffield Family LLC
Entity
Free & Clear · 25 yrs held
Mailing address
7215 E ARROYO HONDO RD, SCOTTSDALE, AZ 85266-1504
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2019
—
Staffield Family LLC
—
Deed
related
$842,418 · Washington Tr Bk
Aug 16, 2017
—
Staffield Family LLC
—
Deed
related
$1,296,647 · Washington Tr Bk
Dec 28, 2000
—
Staffield Family LLC
Staffield,hudson R & Cynthia T
Quit Claim Deed
related
—
Jan 11, 1999
$3,650,000
Hudson R Staffield
Northtown Building
Grant Deed
—
—
—
Staffield Family LLC
—
Loan Modification
related
$1,001,475 · Washington Trust Bank
—
—
Staffield Family LLC
—
Loan Modification
related
$842,418 · Washington Tr Bk
—
—
Staffield Family LLC
—
Loan Modification
related
$1,021,582 · Washington Tr Bk
—
—
Staffield Family LLC
—
Loan Modification
related
$1,296,647 · Washington Tr 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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