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Property profile & analytics
OFF-MARKET
Mobile home & RV parks
4415 Adams Rd Spokane Valley, WA 99216-1375
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0643948
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1945
Total area
752 SF
Lot
2 ac (87,120 SF)
APN
45022.6101
UPID
US90-0643948
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
-
Walden's Rentals Rental
-
Millers general contractingllc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
R & R Family Properties LLC · 8 yrs held
R & R Family Properties LLC
since 2017
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$16,200
Tax year 2023
Assessed value
$929,960
Assessed 2024
Previous assessed
$527,300
+76.4% YoY
Effective rate
1.74%
On assessed value
Assessed land
$261,360
Assessed improvement
$668,600
Land market value
$261,360
Improvement market value
$668,600
Total market value
$929,960
Applied tax rate
146.0000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1945
Heating
FORCED AIR
Cooling
NONE
Buildings
6
Stories
1
Rooms
8
Total area
752 SF
Lot
2 ac (87,120 SF)
APN
45022.6101
UPID
US90-0643948
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
1945
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Rooms
8
Lot
2 ac
Current owner
From public records · entity-resolved
R & R Family Properties LLC
Entity
Mailing address
5920 S PHALON LN, SPOKANE, WA 99223-1302
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
R&r Family Properties LLC
—
Deed
related
$150,000 · Numerica Cu
Mar 15, 2018
—
R & R Family Properties LLC
—
Deed
related
$600,000 · Numerica Cu
Oct 6, 2017
$1,075,100
R & R Family Properties LLC
Utopia Properties LLC
Warranty Deed
—
Mar 30, 2012
$700,000
Utopia Properties LLC
Walden,ellen L
Warranty Deed
$450,000 · Kerry Lease & Assocs LLC
May 16, 2011
—
Orville N Walden
Witmer Living Trust
Quit Claim Deed
related
—
Nov 24, 2010
$698,837
Orville N Walden
Montgomery John
Trustees Deed
related
—
Mar 10, 2010
—
Orville N Walden
Bertholic,bart
Quit Claim Deed
related
—
Oct 22, 2007
—
Bb & A Properties Viii LLC
Bertholic,bart
Quit Claim Deed
related
—
Oct 19, 2007
$734,600
Bart Bertholic
Walden,orville N & Ellen L
Warranty Deed
$650,000 · Orville N & Ellen L Walden
—
—
Francis Bertholic
—
Deed Of Trust
related
$60,000 · John & Thull Family Trust (rt)
—
—
Francis Bertholic
—
Deed Of Trust
related
$40,500 · Spink Family Living Trust (rt)
—
—
Utopia Properties LLC
—
Deed Of Trust
related
$475,000 · John R Hanson
—
—
Francis Bertholic
—
Deed Of Trust
related
$40,000 · Spink Family Living Trust (rt)
—
—
Francis Bertholic
—
Deed Of Trust
related
$22,000 · Don & Meta Isaacson
—
—
Orville N Walden
—
Deed Of Trust
related
$183,000 · Us Bank NA
—
—
Francis Bertholic
—
Deed Of Trust
related
$40,000 · Wallace D Russell
—
—
R & R Family Properties LLC
—
Deed Of Trust
related
$600,000 · Numerica Cu
—
—
Francis Bertholic
—
Deed Of Trust
related
$25,000 · Gary & Rosemary Smart
—
—
Francis Bertholic
—
Deed Of Trust
related
$36,000 · Robin & Marcia Hadfield
—
—
Orville N Walden
—
Deed Of Trust
related
$190,000 · State Bank Northwest
—
—
Ellen L Walden
—
Deed Of Trust
related
$125,000 · Us 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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