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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Retail space
4823 Sprague Ave Spokane Valley, WA 99212-5001
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-3365594
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
STEEL FRAME
Total area
10,000 SF
Lot
0.61 ac (26,600 SF)
APN
35143.0418
UPID
US90-3365594
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
-
30 Dasy Oil Spa Massage Alternative Medicine Practice Spa & Massage Center
-
Kiev Mart Grocery & Convenience Store Food Market
-
Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
-
Pro Vape & Smoke (Bike/Boat/Book/etc) Store
-
Boost Mobile Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$949k
Blend (final)
Blend
$815k
Owner & transaction history
Sam Morse · 18 yrs held
Sam Morse
since 2007
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
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
$815k
Range $734k – $897k · ±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
$82 / 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
$8,070
Tax year 2023
Assessed value
$746,500
Assessed 2024
Previous assessed
$696,600
+7.2% YoY
Effective rate
1.08%
On assessed value
Assessed land
$319,200
Assessed improvement
$427,300
Land market value
$319,200
Improvement market value
$427,300
Total market value
$746,500
Applied tax rate
140.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
10,000 SF
Lot
0.61 ac (26,600 SF)
APN
35143.0418
UPID
US90-3365594
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
1981
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Sam Morse
Individual
Mailing address
3711 E BRIDLE TRL RD, COLBERT, WA 99005-9218
Ownership since
2007
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
Aug 11, 2021
—
Sam Morse
—
Deed
related
$125,000 · First Interstate Bank
Aug 21, 2007
$1,065,974
Sam Morse
Rohrer,donald D & Judith M
Warranty Deed
$810,811 · Donald D & Judith M Rohrer
—
—
Donald D Rohrer
—
Deed Of Trust
related
$196,359 · Inland Northwest Bank
—
—
Donald D Rohrer JR.
—
Deed Of Trust
related
$100,000 · Inland Northwest Bank
—
—
Donald D Rohrer
—
Deed Of Trust
related
$200,000 · Inland Northwest Bank
—
—
Donald D Rohrer
—
Deed Of Trust
related
$150,000 · Inland Northwest Bank
—
—
Donald D Rohrer
—
Deed Of Trust
related
$175,000 · Inland Northwest Bank
—
—
Donald D Rohrer
—
Deed Of Trust
related
$230,000 · Inland Northwest 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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