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Property profile & analytics
OFF-MARKET
Estimated value
$2,825,000
Retail space
604 Freya St, Spokane, WA 99202-4611
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0407278
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2011
Total area
14,460 SF
Lot
0.7 ac (30,458 SF)
APN
35154.0611
UPID
US90-0407278
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
-
Mark Webb's Jewelers (Bike/Boat/Book/etc) Store
-
Hard Case Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.83M
Owner & transaction history
Long Shott Holdings LLC · 2 yrs held
Long Shott Holdings LLC
since 2023
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+74.2%
Medical building
$3.4M
+65.7%
Restaurant
$3.2M
+54.4%
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
$2,720,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
$2,500,000
6.5%
$2,310,000
7%
$2,145,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,075,000
Current use
OFFICE BUILDING
$3,615,000
Change: +74% · Conversion: Easy
MEDICAL BUILDING
$3,440,000
Change: +66% · Conversion: Difficult
RESTAURANT
$3,205,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,860,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,605,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,335,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$2.83M
Range $2.54M – $3.11M · ±10% · vs last sale $2.90M (Nov 15 2023)
Last sale anchor
$2.90M
Nov 15 2023
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
$195 / 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
$15,526
Tax year 2023
Assessed value
$1,591,150
Assessed 2024
Previous assessed
$1,439,850
+10.5% YoY
Effective rate
0.98%
On assessed value
Assessed land
$182,750
Assessed improvement
$1,408,400
Land market value
$182,750
Improvement market value
$1,408,400
Total market value
$1,591,150
Applied tax rate
10.0000
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
2011
Heating
NONE
Stories
2
Total area
14,460 SF
Lot
0.7 ac (30,458 SF)
APN
35154.0611
UPID
US90-0407278
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
RETAIL STORES Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.4M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2011
Heating
NONE
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Long Shott Holdings LLC
Entity
Mailing address
9116 E SPRAGUE AVE #547, SPOKANE VALLEY, WA 99206-4397
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
$2,900,000
Long Shott Holdings LLC
Castlerock Properties LLC
Warranty Deed
$2,500,000 · Castlerock Properties LLC
Dec 30, 2009
—
Castlerock Properties LLC
City Of Spokane
Warranty Deed
—
Dec 18, 2007
$1,300,000
City Of Spokane
Bunton,jack H & Rebecca
Warranty Deed
—
—
—
Castlerock Properties LLC
—
Deed Of Trust
related
$618,000 · Northwest Busn Dev Assn
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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