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Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Investment properties
513 Hastings Rd Spokane, WA 99218-1977
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-1764485
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2018
Total area
10,000 SF
Lot
1.04 ac (45,302 SF)
APN
36081.9015
UPID
US90-1764485
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
-
Crave Cookies Bakery Take-out & Catering
-
Guymon Neal B OD Physician
-
Mel Lindauer, OD Physician
-
Mrs. Cavanaugh's Chocolates and Ice Cream Spokane Specialty Food Shop Candy Store
-
Melvin Lindauer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.84M
Owner & transaction history
513 Hastings LLC · 9 yrs held
513 Hastings LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+55.0%
Medical building
$2.4M
+47.4%
Retail stores
$2.3M
+42.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,990,000
6.5%
$1,840,000
7%
$1,705,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,615,000
Current use
OFFICE BUILDING
$2,500,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$2,380,000
Change: +47% · Conversion: Easy
RETAIL STORES
$2,305,000
Change: +43% · Conversion: Easy
RESTAURANT
$2,215,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,975,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,800,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$184 / 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
$15,556
Tax year 2023
Assessed value
$1,666,010
Assessed 2024
Previous assessed
$1,577,710
+5.6% YoY
Effective rate
0.93%
On assessed value
Assessed land
$181,210
Assessed improvement
$1,484,800
Land market value
$181,210
Improvement market value
$1,484,800
Total market value
$1,666,010
Applied tax rate
1,280.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Bathrooms
1
Total area
10,000 SF
Lot
1.04 ac (45,302 SF)
APN
36081.9015
UPID
US90-1764485
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
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2018
Heating
NONE
Stories
1
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
513 Hastings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
513 E HASTINGS RD STE C, SPOKANE, WA 99218-1963
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
May 16, 2018
—
513 Hastings LLC
—
Deed
related
$1,821,822 · Spokane Teachers Cu
Mar 21, 2017
—
513 Hastings LLC
Lindauer Real Estate Dev LLC
Quit Claim Deed
related
—
May 23, 2002
—
Real Estate Dev Lindauer
Lindauer,melvin L & Carolyn S
Quit Claim Deed
related
—
Mar 18, 1997
—
Mel L Lindauer
Stone,mary A
Quit Claim Deed
related
—
Aug 30, 1996
$115,000
Mary A Stone
Deshler,melvin F Deshler Estate
Grant Deed
$114,245 · Guild Mortgage Co
Aug 1, 1995
—
Spokane County
Melvin F Deshier Estate
Grant Deed
related
—
—
—
Mel L Lindauer
—
Deed Of Trust
related
$75,000 · Us Bank
—
—
513 Hastings LLC
—
Deed Of Trust
related
$1,821,822 · Spokane Teachers Cu
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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