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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
4824 Sprague Ave, Spokane Valley, WA 99212-5002
Trust Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-3271161
Property summary
AI-generated overview
This retail property is located in Spokane Valley, Washington. The building offers 3,990 square feet of living area and is situated on a 0.5-acre lot.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
RESTAURANT
Year built
1950
Total area
3,990 SF
Lot
0.5 ac (21,600 SF)
APN
35232.0304
UPID
US90-3271161
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
-
Dragon Garden Chinese Restaurant Now (AK Asian Restaurant) Restaurant
-
Maple Tree Motel & RV Park Hotel & Motel
-
AK Asian Restaurant Restaurant
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
Huang Living Trust · 12 yrs held
Huang Living Trust
since 2013
Last sale
$850,000
4 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
$8,285
Tax year 2023
Assessed value
$471,400
Assessed 2024
Previous assessed
$453,400
+4.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$259,200
Assessed improvement
$212,200
Land market value
$259,200
Improvement market value
$212,200
Total market value
$471,400
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 properties & Spaces
Use group
RESTAURANT
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
3,990 SF
Lot
0.5 ac (21,600 SF)
APN
35232.0304
UPID
US90-3271161
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
1950
Heating
NONE
Stories
1
Buildings
2
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Huang Living Trust
Trust
Mailing address
6307 S SPRINGVIEW ST, SPOKANE, WA 99224-8813
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2013
—
Huang Living Trust
Huang,george M & Annie Y L
Quit Claim Deed
related
—
May 5, 2004
—
Ming C Huang
Lee,william Y & Judy F
Grant Deed
related
—
—
—
George Huang
—
Deed Of Trust
related
$46,248 · Washington Trust Bank
—
—
George Huang
—
Deed Of Trust
related
$50,000 · Washington Trust 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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