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Property profile & analytics
OFF-MARKET
Estimated value
$485,000
Hotels
5415 Sunset Hwy Spokane, WA 99224-9453
Individually Owned
26-yr Hold
Free & Clear
Property ID
US90-3129532
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1948
Total area
600 SF
Lot
2.11 ac (91,886 SF)
APN
25272.1504
UPID
US90-3129532
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
-
Cedar Village Motel Hotel & Motel
-
Tip battery, prowler trailer Public Bathroom
-
Cedar Village RV Park Campground & RV Park
-
AAA Maintenance Hardware & Home Improvement General Contractor
-
Cedar Village Motel & RV Park Campground & RV Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$485k
Owner & transaction history
Joan E Ohrstrom · 26 yrs held
Joan E Ohrstrom
since 2000
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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$485k
Range $437k – $534k · ±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
$808 / 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
$6,425
Tax year 2023
Assessed value
$729,570
Assessed 2024
Previous assessed
$580,470
+25.7% YoY
Effective rate
0.88%
On assessed value
Assessed land
$183,770
Assessed improvement
$545,800
Land market value
$183,770
Improvement market value
$545,800
Total market value
$729,570
Applied tax rate
55.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1948
Heating
BASEBOARD
Buildings
14
Stories
1
Units
6
Rooms
5
Bathrooms
14
Total area
600 SF
Lot
2.11 ac (91,886 SF)
APN
25272.1504
UPID
US90-3129532
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
1948
Heating
BASEBOARD
Stories
1
Buildings
14
Units
6
Rooms
5
Bathrooms
14
Lot
2.11 ac
Current owner
From public records · entity-resolved
Joan E Ohrstrom
Individual
Free & Clear · 26 yrs held
Mailing address
5415 W SUNSET HWY, SPOKANE, WA 99224-9453
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
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
Mar 8, 2017
—
Joan E Ohrstrom
—
Deed
related
$187,230 · Banner Bank
Jul 14, 2000
—
Joan E Ohrstrom
Washington Trust Bank
Quit Claim Deed
related
—
—
—
Joan E Ohrstrom
—
Deed Of Trust
related
$184,060 · United Security Bank
—
—
Joan E Ohrstrom
—
Deed Of Trust
related
$241,657 · American West Bank
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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