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Property profile & analytics
OFF-MARKET
Assisted living facilities
511 Park Rd, Spokane Valley, WA 99212-0566
Individually Owned
22-yr Hold
Free & Clear
Property ID
US90-0243004
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1922
Total area
7,250 SF
Lot
7.58 ac (330,301 SF)
APN
45192.9166
UPID
US90-0243004
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brookdale Living Communities · 22 yrs held
Brookdale Living Communities
since 2003
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
$43,387
Tax year 2023
Assessed value
$4,153,900
Assessed 2024
Previous assessed
$3,896,900
+6.6% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,321,200
Assessed improvement
$2,832,700
Land market value
$1,321,200
Improvement market value
$2,832,700
Total market value
$4,153,900
Applied tax rate
148.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1922
Heating
NONE
Buildings
3
Stories
2
Units
11
Bathrooms
64
Total area
7,250 SF
Lot
7.58 ac (330,301 SF)
APN
45192.9166
UPID
US90-0243004
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
1922
Heating
NONE
Stories
2
Buildings
3
Units
11
Bathrooms
64
Lot
7.58 ac
Current owner
From public records · entity-resolved
Brookdale Living Communities
Individual
Free & Clear · 22 yrs held
Mailing address
6737 W WASHINGTON ST STE #2300, MILWAUKEE, WI 53214-5650
Ownership since
2003
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
Nov 10, 2003
—
Brookdale Living Communities
Sptbrook Properties Trust
Quit Claim Deed
related
—
Nov 2, 2000
—
Brookdale Living Communities
—
Deed Of Trust
related
$10,000,000 · Glaser Financial Group INC
Oct 15, 1999
—
Sptbrook Properties Trust
—
Deed Of Trust
related
$350,000,000 · Dresdner Bank Ag Trustee
May 7, 1997
$164,400
Health Reilly
Park Place General Partnership
Grant Deed
—
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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