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Property profile & analytics
OFF-MARKET
Outlet malls
5324 Sharp Ave, Spokane Valley, WA 99212-0973
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0022756
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1972
Construction
STEEL FRAME
Total area
2,000 SF
Lot
0.15 ac (6,650 SF)
APN
35141.0914
UPID
US90-0022756
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
H&k Industrial Properties LLC · 1 yrs held
H&k Industrial Properties LLC
since 2025
Last sale
$389,000
7 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
$1,185
Tax year 2023
Assessed value
$104,000
Assessed 2024
Previous assessed
$104,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$26,600
Assessed improvement
$77,400
Land market value
$26,600
Improvement market value
$77,400
Total market value
$104,000
Applied tax rate
140.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
0
Total area
2,000 SF
Lot
0.15 ac (6,650 SF)
APN
35141.0914
UPID
US90-0022756
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
1972
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
0
Lot
0.15 ac
Current owner
From public records · entity-resolved
H&k Industrial Properties LLC
Entity
Mailing address
2342 SE BLACK NUGGET RDG304, ISSAQUAH, WA 98029
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
$389,000
H&k Industrial Properties LLC
Jay G Higgins
Warranty Deed
$311,200 · Bankcda
Sep 23, 2024
$270,000
Jay G Higgins
Dorothy Cover
Warranty Deed
—
Sep 27, 2023
$60,000
Dorothy Cover
Jay G Higgins
Warranty Deed
—
Sep 27, 2023
—
Dorothy Cover
Samuel Cover
Intrafamily Transfer
related
—
Oct 22, 2019
—
Jay G Higgins
—
Deed
related
$606,250 · Banner Bk
May 11, 2007
$400,000
Jay G Higgins
Scroggin,j Anthony
Warranty Deed
—
—
—
Jay G Higgins
—
Loan Modification
related
$606,250 · Banner Bk
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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