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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Warehouses
605 Stanley St Medical Lake, WA 99022
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2222756
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2010
Total area
8,760 SF
Lot
1.34 ac (58,536 SF)
APN
14181.0301
UPID
US90-2222756
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
$880k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$950k
Owner & transaction history
Falcon Crest LLC · 8 yrs held
Falcon Crest LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+49.7%
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 Medical Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medical Lake 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%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,055,000
Current use
INDUSTRIAL (GENERAL)
$1,575,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$108 / 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
$9,404
Tax year 2023
Assessed value
$1,122,010
Assessed 2024
Previous assessed
$1,067,110
+5.1% YoY
Effective rate
0.84%
On assessed value
Assessed land
$175,610
Assessed improvement
$946,400
Land market value
$175,610
Improvement market value
$946,400
Total market value
$1,122,010
Applied tax rate
160.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
4
Stories
1
Total area
8,760 SF
Lot
1.34 ac (58,536 SF)
APN
14181.0301
UPID
US90-2222756
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
2010
Heating
NONE
Stories
1
Buildings
4
Lot
1.34 ac
Current owner
From public records · entity-resolved
Falcon Crest LLC
Entity
Mailing address
16201 E INDIANA AVE STE #2600, SPOKANE VALLEY, WA 99216-2840
Ownership since
2017
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
Sep 24, 2020
—
Falcon Crest LLC
—
Deed
related
$25,000 · Washington Trust Bank
Nov 16, 2017
$945,000
Falcon Crest LLC
Stanley Selfstorage LLC
Warranty Deed
$610,000 · Umpqua Bank
Jan 20, 2017
—
Stanley Self Storage LLC
Stanley Self Storage
Quit Claim Deed
related
—
Apr 29, 2014
$575,898
Stanley Self Storage
Orney LLC
Warranty Deed
—
Nov 21, 2007
$175,000
Ornery LLC
Lieuallen,ryan J
Warranty Deed
—
Nov 17, 2006
$135,000
Ryan Lieuallen
Southeast Blvd Props LLC
Warranty Deed
$120,000 · Southeast Blvd Props LLC
Nov 14, 2005
$110,000
Southeast Boulevard Props LLC
Heyer,zelma J
Warranty Deed
—
—
—
Ornery LLC
—
Deed Of Trust
related
$37,145 · Elenora C Ayers
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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