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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Auto shops
5516 Starr Rd Newman Lake, WA 99025-8609
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-1467533
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1989
Total area
19,684 SF
Lot
14.2 ac (618,387 SF)
APN
56363.0126
UPID
US90-1467533
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
-
International Line Builders Electric Utility Company Construction Company
-
Wm Winkler Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.19M
Owner & transaction history
Brothers Land Winkler · 14 yrs held
Brothers Land Winkler
since 2011
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+26.9%
Medical building
$4.3M
+14.9%
Restaurant
$4.2M
+14.0%
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 Newman Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newman Lake 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
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,725,000
Current use
OFFICE BUILDING
$4,725,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$4,280,000
Change: +15% · Conversion: Difficult
RESTAURANT
$4,245,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$3,705,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,990,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±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
$162 / 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
$46,341
Tax year 2023
Assessed value
$4,624,790
Assessed 2024
Previous assessed
$4,218,490
+9.6% YoY
Effective rate
1.00%
On assessed value
Assessed land
$463,790
Assessed improvement
$4,161,000
Land market value
$463,790
Improvement market value
$4,161,000
Total market value
$4,624,790
Applied tax rate
2,120.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
2
Stories
1
Bathrooms
0
Total area
19,684 SF
Lot
14.2 ac (618,387 SF)
APN
56363.0126
UPID
US90-1467533
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
AUTO REPAIR, GARAGE Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$4.2M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (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
1989
Heating
NONE
Stories
1
Buildings
2
Bathrooms
0
Lot
14.2 ac
Current owner
From public records · entity-resolved
Brothers Land Winkler
Individual
Mailing address
PO BOX 430, NEWMAN LAKE, WA 99025-0430
Ownership since
2011
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
Mar 15, 2018
—
Winkler Brothers Land & Timber
—
Deed
related
$553,396 · Spokane Teachers Cu
Jan 31, 2017
—
Winkler Brother Land & Lumber Compa
—
Deed
related
$988,000 · Evergreen Business Capital
Nov 1, 2011
$1,100,000
Brothers Land Winkler
Gonzales,stephen A
Warranty Deed
$1,110,000 · Riverbank
—
—
Brothers Land Winkler
—
Deed Of Trust
related
$615,826 · Riverbank
—
—
Brothers Land Winkler
—
Deed Of Trust
related
$769,782 · Riverbank
—
—
Winkler Brothers Land & Timber
—
Loan Modification
related
$725,522 · River Bk
—
—
Winkler Brothers Land & Timber
—
Deed Of Trust
related
$553,396 · Spokane Teachers Cu
—
—
Winkler Brothers Land & Timber
—
Deed Of Trust
related
$1,883,050 · 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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