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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
5908 Broadway Ave Spokane Valley, WA 99212-1028
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0269325
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Construction
STEEL FRAME
Total area
7,394 SF
Lot
0.42 ac (18,101 SF)
APN
35132.1504
UPID
US90-0269325
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$550k
Owner & transaction history
Obi Wan Properties LLC · 6 yrs held
Obi Wan Properties LLC
since 2020
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$550k
Range $495k – $605k · ±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
$74 / 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
$3,412
Tax year 2023
Assessed value
$278,500
Assessed 2024
Previous assessed
$275,500
+1.1% YoY
Effective rate
1.23%
On assessed value
Assessed land
$72,400
Assessed improvement
$206,100
Land market value
$72,400
Improvement market value
$206,100
Total market value
$278,500
Applied tax rate
140.0000
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
Off-Market
Year built
1956
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
4
Total area
7,394 SF
Lot
0.42 ac (18,101 SF)
APN
35132.1504
UPID
US90-0269325
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
1956
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
Obi Wan Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2024 E BOONE AVE, SPOKANE, WA 99202-2712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2020
—
Obi Wan Properties LLC
—
Deed
related
$251,250 · First Interstate Bank
Nov 25, 2020
—
Obi Wan Properties LLC
—
Deed
related
$251,250 · First Interstate Bank
May 14, 2020
$260,000
Obi Wan Properties LLC
Northern Sunset LLC
Grant Deed
—
Dec 12, 2011
—
Northern Sunset LLC
Park,walaya P
Deed In Lieu Of Foreclosure
—
Dec 19, 2005
$345,000
Walaya P Park
Pmc Investment Trust
Warranty Deed
$288,500 · J S Fasules
Feb 14, 2005
—
Pmc Investment Trust
Partners Mortgage Corp
Quit Claim Deed
related
—
Jun 17, 2004
$510,302
Partners Mortgage
Gorpar LLC
Trustees Deed
related
—
Jun 20, 2000
$375,000
Gorpar LLC
Saccomanno Simmons Partnership
Grant Deed
$627,500 · Pacwest Consulting
—
—
Walaya P Park
—
Deed Of Trust
related
$100,000 · J Stanley Fasules LLC
—
—
Walaya P Park
—
Deed Of Trust
related
$50,000 · J Stanley Fasules LLC
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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