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Property profile & analytics
OFF-MARKET
Estimated value
$275,000
Distribution centers
5827 Florida St Spokane, WA 99217-6525
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-0260559
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Construction
STEEL FRAME
Total area
10,560 SF
Lot
0.43 ac (18,786 SF)
APN
36341.2907
UPID
US90-0260559
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
-
Spokane Plumbing and Heating Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
Betsy E Laughlin · 4 yrs held
Betsy E Laughlin
since 2022
Last sale
$300,000
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 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
$275,000
ML approach
$300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$275k
Range $248k – $303k · ±10% · vs last sale $300k (Feb 4 2022)
Last sale anchor
$300k
Feb 4 2022
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
$26 / 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
$3,438
Tax year 2023
Assessed value
$351,350
Assessed 2024
Previous assessed
$325,250
+8.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$65,750
Assessed improvement
$285,600
Land market value
$65,750
Improvement market value
$285,600
Total market value
$351,350
Applied tax rate
16.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
10,560 SF
Lot
0.43 ac (18,786 SF)
APN
36341.2907
UPID
US90-0260559
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
1979
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Betsy E Laughlin
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 31214, SPOKANE, WA 99223-3020
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
—
Betsy E Laughlin
Betsy E Laughlin
Intrafamily Transfer
related
—
Jul 21, 2021
—
North Florida Lllc
Betsy E Laughlin
Correction Deed
related
$200,001 · Guardian Mortgage Co INC
Nov 5, 2019
—
North Florida LLC
Betsy E Laughlin
Quit Claim Deed
related
—
Aug 6, 2010
$300,000
John A Laughlin
River Bk
Warranty Deed
—
Jul 2, 2010
—
River Bk
Sherman,jack R
Quit Claim Deed
related
—
May 17, 2010
—
River Bk
Sherman,judy A
Deed In Lieu Of Foreclosure
related
—
Apr 21, 2008
—
Clifford R Flower
Kms INC
Quit Claim Deed
related
$390,000 · Riverbank
Jan 9, 2006
$305,000
Kms INC
Mulvaney,james E
Warranty Deed
$250,000 · American West Bank
Feb 19, 1999
$290,000
James E Mulvaney
Richart,mark W & Elizabeth E
Grant Deed
$278,000 · Money Store Commercial Mtg
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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