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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Banks
522 Riverside Ave Spokane, WA 99201-0580
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-3360401
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1952
Total area
10,116 SF
Lot
0.31 ac (13,604 SF)
APN
35184.2407
UPID
US90-3360401
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
-
Ewing Anderson, P.S.; Delian P. Deltchev Law Firm
-
Volgania Tech Support Center IT Consulting Firm
-
Ewing Anderson, P.S. Law Firm
-
Two Barrels (Bike/Boat/Book/etc) Store Corporate Office
-
Kent Doll at Ewing Anderson, PS Transit Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.10M
Owner & transaction history
Jim Wants A Normal Co Name LLC · 6 yrs held
Jim Wants A Normal Co Name LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.8M
+5.8%
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
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,720,000
Current use
INDUSTRIAL (GENERAL)
$1,820,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±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
$108 / 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
$35,247
Tax year 2023
Assessed value
$3,613,690
Assessed 2024
Previous assessed
$3,520,060
+2.7% YoY
Effective rate
0.98%
On assessed value
Assessed land
$972,690
Assessed improvement
$2,641,000
Land market value
$972,690
Improvement market value
$2,641,000
Total market value
$3,613,690
Applied tax rate
10.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1952
Heating
NONE
Stories
8
Total area
10,116 SF
Lot
0.31 ac (13,604 SF)
APN
35184.2407
UPID
US90-3360401
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
FINANCIAL BUILDING Current
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
FINANCIAL BUILDING Current
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
1952
Heating
NONE
Stories
8
Lot
0.31 ac
Current owner
From public records · entity-resolved
Jim Wants A Normal Co Name LLC
Entity
Mailing address
784 S CLEARWATER LOOP, POST FALLS, ID 83854-9599
Ownership since
2019
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
Sep 18, 2019
$3,435,000
Jim Wants A Normal Co Name LLC
Riverside 522 LLC
Warranty Deed
—
Dec 11, 2017
—
Riverside 522 LLC
—
Deed
related
$2,300,000 · Bauer Property Group LLC
Mar 28, 2006
$2,750,000
Riverside 522 LLC
West 524 LLC
Warranty Deed
$2,200,000 · West 524 LLC
Jun 9, 2005
—
West 542 LLC
—
Deed Of Trust
related
$1,500,000 · Washington Trust Bank
Jan 28, 2005
$1,500,000
West 524 LLC
Wells Fargo Bank NA
Grant Deed
—
—
—
Riverside 522 LLC
—
Deed Of Trust
related
$2,320,000 · Panhandle State Bank
—
—
Riverside 522 LLC
—
Deed Of Trust
related
$2,200,000 · James Ivers
—
—
Riverside 522 LLC
—
Deed Of Trust
related
$2,300,000 · Bauer Property Group LLC
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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