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Property profile & analytics
FOR LEASE
Retail space
5503 N Wall St, Spokane, WA 99205
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-3358558
For Lease
1 / 2
$1,000/Mo
5503 N Wall St, Spokane, WA 99205
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Construction
STEEL FRAME
Total area
3,024 SF
Lot
0.23 ac (10,168 SF)
APN
36312.5603
UPID
US90-3358558
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
-
Cozza Optical (Bike/Boat/Book/etc) Store
-
Cozza Optical - Duane Zink OD Optometrist Eye Care Center
-
Duane Zink Physician
-
Duane Lewis Zink Physician
-
Green Bonnie CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$540k
Owner & transaction history
Jdm Family Commercial LLC · 1 yrs held
Jdm Family Commercial LLC
since 2024
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$720,000
+97.4%
Office building
$665,000
+82.2%
Auto repair, garage
$600,000
+64.1%
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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$525,000
6.5%
$485,000
7%
$450,000
Alternative Use
Use
Estimation
RETAIL STORES
$365,000
Current use
MEDICAL BUILDING
$720,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +82% · Conversion: Easy
AUTO REPAIR, GARAGE
$600,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$490,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$365,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $540k (Oct 11 2024)
Last sale anchor
$540k
Oct 11 2024
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
$179 / 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
$3,405
Tax year 2023
Assessed value
$347,910
Assessed 2024
Previous assessed
$347,910
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$61,010
Assessed improvement
$286,900
Land market value
$61,010
Improvement market value
$286,900
Total market value
$347,910
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1953
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
3,024 SF
Lot
0.23 ac (10,168 SF)
APN
36312.5603
UPID
US90-3358558
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
RETAIL STORES Current
Est. value
$365,000
MEDICAL BUILDING
Est. value
$720,000
OFFICE BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$365,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1953
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Jdm Family Commercial LLC
Entity
Mailing address
9118 N DUSK CT, SPOKANE, WA 99208-5176
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 11, 2024
$540,000
Jdm Family Commercial LLC
Crnt 5503 LLC
Warranty Deed
—
May 18, 2023
—
Crnt 5503 LLC
Moma Torrez Salsa Holding Co LLC
Quit Claim Deed
related
—
Dec 31, 2020
$326,000
Mama Torrez Salsa Holding Co L
S B 3 LLC
Warranty Deed
$296,000 · Sb 3 LLC
Sep 19, 2011
—
Sb3 LLC
Cozza,samuel & Barbara
Quit Claim Deed
related
—
May 20, 2011
$150,280
Samuel Cozza
John W Cummings
Warranty Deed
$150,000 · Mountain West Bank
—
—
S B 3 LLC
—
Deed Of Trust
related
$140,000 · Spokane Teachers Cu
—
—
John W Cummings
—
Deed Of Trust
related
$112,735 · American General Home Equity
—
—
John W Cummings
—
Deed Of Trust
related
$71,173 · Washington Trust 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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