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Property profile & analytics
OFF-MARKET
Warehouses
5602 Sunset Hwy Spokane, WA 99224-9772
Individually Owned
11-yr Hold
Free & Clear
Property ID
US90-2418911
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Total area
2,800 SF
Lot
1.92 ac (83,700 SF)
APN
25223.9049
UPID
US90-2418911
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
-
Diamond Self Storage Storage Facility
-
Amazon Locker - Midi Postal Service Courier Service
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
Jimmie W Bates · 11 yrs held
Jimmie W Bates
since 2015
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 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
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
$7,483
Tax year 2023
Assessed value
$850,000
Assessed 2024
Previous assessed
$784,500
+8.3% YoY
Effective rate
0.88%
On assessed value
Assessed land
$167,400
Assessed improvement
$682,600
Land market value
$167,400
Improvement market value
$682,600
Total market value
$850,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
4
Stories
1
Total area
2,800 SF
Lot
1.92 ac (83,700 SF)
APN
25223.9049
UPID
US90-2418911
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
2005
Heating
NONE
Stories
1
Buildings
4
Lot
1.92 ac
Current owner
From public records · entity-resolved
Jimmie W Bates
Individual
Free & Clear · 11 yrs held
Mailing address
605 1ST AVE STE #600, SEATTLE, WA 98104-2224
Ownership since
2015
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
Aug 27, 2025
—
Diamond Parking INC
—
Deed
related
$3,830,000 · Washington Trust Bank
Nov 7, 2018
—
Diamond Parking INC
—
Loan Modification
related
$8,500,000 · Keybank USA
Aug 8, 2017
—
Diamond Parking INC
—
Grant Deed
related
$8,500,000 · Keybank USA
Jan 9, 2015
—
Jimmie W Bates
Crestwood Rentals LP
Grant Deed
—
Jan 10, 2003
$39,500
Diamond Parking INC
Bates Investment LLC
Grant Deed
—
Jul 14, 2000
$25,000
Bates Investments LLC
Bates,jimmie W & Joyce
Quit Claim Deed
related
$400,000 · Seller
Sep 18, 1997
$620,000
Jammie W Bates
Crestwood Rentals LP
Grant Deed
$620,000 · Seller
—
—
Diamond Parking INC
—
Deed Of Trust
related
$6,000,000 · West Coast 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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