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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Warehouses
4923 Un Ave, Spokane, WA 99212-1317
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0039679
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
STEEL FRAME
Total area
4,800 SF
Lot
0.1 ac (4,445 SF)
APN
35113.1504
UPID
US90-0039679
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
-
P & H Investments Inc Trucking Company
-
Romane Construction Construction Company General Contractor
-
Wolfari Post Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$400k
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
Retail stores
$815,000
+41.5%
Commercial (general)
$775,000
+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%
$525,000
6.5%
$480,000
7%
$450,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$575,000
Current use
RETAIL STORES
$815,000
Change: +41% · Conversion: Moderate
COMMERCIAL (GENERAL)
$775,000
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
$107 / 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
$2,392
Tax year 2023
Assessed value
$253,000
Assessed 2024
Previous assessed
$226,800
+11.6% YoY
Effective rate
0.95%
On assessed value
Assessed land
$10,000
Assessed improvement
$243,000
Land market value
$10,000
Improvement market value
$243,000
Total market value
$253,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
4,800 SF
Lot
0.1 ac (4,445 SF)
APN
35113.1504
UPID
US90-0039679
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
$575,000
RETAIL STORES
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$775,000
WAREHOUSE, STORAGE Current
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
1965
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.1 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.
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