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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Banks
5915 Regal St Spokane, WA 99223-6026
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1087733
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2004
Total area
34,363 SF
Lot
2 ac (87,070 SF)
APN
34033.9157
UPID
US90-1087733
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
-
Jay Schmauch, DO Physician
-
Heather Schmick Hair Salon
-
Fuel Fitness Gym & Fitness Center
-
Retirement Plans Inc Retirement Community
-
Studio Pilates & Physical Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.98M
Owner & transaction history
Shape Executive Center LLC · 7 yrs held
Shape Executive Center LLC
since 2018
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
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
$1.98M
Range $1.78M – $2.17M · ±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
$57 / 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
$42,826
Tax year 2023
Assessed value
$4,144,950
Assessed 2024
Previous assessed
$3,341,150
+24.1% YoY
Effective rate
1.03%
On assessed value
Assessed land
$304,750
Assessed improvement
$3,840,200
Land market value
$304,750
Improvement market value
$3,840,200
Total market value
$4,144,950
Applied tax rate
480.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Stories
3
Total area
34,363 SF
Lot
2 ac (87,070 SF)
APN
34033.9157
UPID
US90-1087733
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
2004
Heating
NONE
Stories
3
Lot
2 ac
Current owner
From public records · entity-resolved
Shape Executive Center LLC
Entity
Mailing address
5915 S REGAL ST STE #110, SPOKANE, WA 99223-6972
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2024
—
Shape Executive Center LLC
—
Deed
related
$316,307 · Washington Trust Bank
Jun 26, 2024
—
Shape Executive Center LLC
—
Deed
related
$504,650 · Washington Trust Bank
Nov 22, 2019
—
Shape Executive Center LLC
—
Deed
related
$25,000 · Washington Trust Bank
Sep 27, 2019
—
Shape Executive Center LLC
—
Deed
related
$2,583,539 · Washington Tr Bk
Sep 26, 2019
—
Shape Executive Center LLC
—
Deed
related
—
Feb 15, 2019
—
Shape Executive Center LLC
—
Deed
related
$483,000 · Washington Tr Bk
Jul 30, 2018
$2,999,000
Shape Executive Center LLC
Worthy Enterprises LLC
Special Warranty Deed
$300,000 · Washington Trust Bank
May 12, 2016
—
Worthy Ents LLC
Ben Burr LLC
Warranty Deed
—
May 21, 2014
—
Ben Burr LLC
Worthy Ents LLC
Warranty Deed
—
Sep 23, 2011
$1,750,000
Worthy Ents LLC
Springer Dev LLC
Grant Deed
—
Sep 16, 2011
—
Springer Dev LLC
Banner Bk
Quit Claim Deed
related
—
Sep 12, 2011
$2,070,000
Banner Bk
Bassett Thomas T
Trustees Deed
related
—
Aug 27, 2003
—
Regal Partners LLC
—
Trustees Deed
related
$4,080,000 · Farmers & Merchants Bk Rockfor
—
—
Shape Executive Center LLC
—
Loan Modification
related
$483,000 · Washington Tr Bk
—
—
Shape Executive Center LLC
—
Deed Of Trust
related
$2,583,539 · Washington Tr Bk
—
—
Shape Executive Center LLC
—
Loan Modification
related
—
—
—
Regal Partners LLC
—
Deed Of Trust
related
$600,000 · Farmers & Merchants Bk Rockfor
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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