New search
Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Distribution centers
4915 Un Ave, Spokane, WA 99212-1317
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3272515
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1950
Construction
STEEL FRAME
Total area
4,000 SF
Lot
0.32 ac (13,865 SF)
APN
35113.1505
UPID
US90-3272515
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$400k
Comparable Approach
Comparable
$360k
Blend (final)
Blend
$515k
Owner & transaction history
Romane Properties LLC · 2 yrs held
Romane Properties LLC
since 2024
Last sale
$515,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+64.3%
Retail stores
$680,000
+41.5%
Commercial (general)
$645,000
+34.2%
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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$435,000
6.5%
$400,000
7%
$375,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$480,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +64% · Conversion: Easy
RETAIL STORES
$680,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$645,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (Feb 26 2024)
Last sale anchor
$515k
Feb 26 2024
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
$129 / 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
$2,153
Tax year 2023
Assessed value
$227,600
Assessed 2024
Previous assessed
$204,600
+11.2% YoY
Effective rate
0.95%
On assessed value
Assessed land
$31,200
Assessed improvement
$196,400
Land market value
$31,200
Improvement market value
$196,400
Total market value
$227,600
Applied tax rate
40.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
0
Total area
4,000 SF
Lot
0.32 ac (13,865 SF)
APN
35113.1505
UPID
US90-3272515
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
WAREHOUSE, STORAGE Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RETAIL STORES
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$645,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1950
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
0
Lot
0.32 ac
Current owner
From public records · entity-resolved
Romane Properties LLC
Entity
Mailing address
1708 S SEEHORN RD, SPOKANE VALLEY, WA 99212-3219
Ownership since
2024
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
Feb 26, 2024
$515,000
Romane Properties LLC
Guenther Hubertus
Warranty Deed
$412,000 · Umpqua Bank
Feb 2, 2011
—
Guenther Living Trust
Guenther,hubertus & Tanya
Quit Claim Deed
related
—
Jun 16, 2006
$291,000
Hubertus Guenther
Union Commerce LLC
Grant Deed
$182,305 · Wheatland Bank
Nov 4, 2004
$150,000
Union Commerce LLC
Battles,ruby J
Warranty Deed
$125,000 · Ruby J Battles
Apr 16, 2004
—
Ruby J Battles
Burton,terry L
Deed In Lieu Of Foreclosure
related
—
Dec 14, 1999
$135,000
Terry L Burton
Battles Trust
Grant Deed
$44,000 · Seller
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4915 Un Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
