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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Grocery and convenience stores
4617 Nevada St Spokane, WA 99207-3242
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-3304147
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,211 SF
Lot
0.29 ac (12,478 SF)
APN
35051.0301
UPID
US90-3304147
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
-
J K Liquor & Wine Gas & Grocery & Laundromat Gas Station
-
UPS Access Point location Courier Service Postal Service
-
CoinFlip Bitcoin ATM Financial Advisor
-
Jk Gas Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$900k
Owner & transaction history
Kulwinder Corp · 21 yrs held
Kulwinder Corp
since 2004
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+408.0%
Auto repair, garage
$1.0M
+336.8%
Restaurant
$930,000
+287.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Change: +408% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,045,000
Change: +337% · Conversion: Difficult
RESTAURANT
$930,000
Change: +288% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: +218% · Conversion: Moderate
COMMERCIAL (GENERAL)
$750,000
Change: +213% · Conversion: Easy
RETAIL STORES
$735,000
Change: +207% · Conversion: Easy
MEDICAL BUILDING
$565,000
Change: +135% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$145 / 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
$6,171
Tax year 2023
Assessed value
$631,650
Assessed 2024
Previous assessed
$599,170
+5.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$199,650
Assessed improvement
$432,000
Land market value
$199,650
Improvement market value
$432,000
Total market value
$631,650
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
6,211 SF
Lot
0.29 ac (12,478 SF)
APN
35051.0301
UPID
US90-3304147
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RESTAURANT
Est. value
$930,000
OFFICE BUILDING
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$750,000
RETAIL STORES
Est. value
$735,000
MEDICAL BUILDING
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1948
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Kulwinder Corp
Entity
Mailing address
4617 N NEVADA ST, SPOKANE, WA 99207-3242
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2004
$303,000
Kulwinder Corp
Hanson,robert L
Warranty Deed
—
Mar 12, 1999
$303,000
Kulwinder Corp
Hanson Trust
Grant Deed
$280,000 · Seller
—
—
Kulwinder Corp
—
Deed Of Trust
related
$150,000 · Cityservicevalcon LLC
—
—
Kulwinder Corp
—
Deed Of Trust
related
$111,705 · Petrocard Systems INC
—
—
Kulwinder Corp
—
Deed Of Trust
related
$50,000 · Patsy Bippes
—
—
Kulwinder Corp
—
Deed Of Trust
related
—
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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