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Property profile & analytics
OFF-MARKET
Estimated value
$5,910,000
High-rise multifamily apartments
6515 Austin Rd Spokane, WA 99208-4689
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1488878
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2021
Total area
19,764 SF
Lot
1.13 ac (49,200 SF)
APN
26254.2006
UPID
US90-1488878
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
-
Five Mile Plaza Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.30M
Blend (final)
Blend
$5.91M
Owner & transaction history
Ba Wee LLC · 3 yrs held
Ba Wee LLC
since 2023
Last sale
$6.3M
6 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
$5,910,000
ML approach
$5,780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.91M
Range $5.32M – $6.50M · ±10% · vs last sale $6.30M (Mar 9 2023)
Last sale anchor
$6.30M
Mar 9 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
$299 / 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
$35,262
Tax year 2023
Assessed value
$3,615,200
Assessed 2024
Previous assessed
$1,006,900
+259.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$270,600
Assessed improvement
$3,344,600
Land market value
$270,600
Improvement market value
$3,344,600
Total market value
$3,615,200
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2021
Heating
NONE
Units
26
Total area
19,764 SF
Lot
1.13 ac (49,200 SF)
APN
26254.2006
UPID
US90-1488878
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
2021
Heating
NONE
Units
26
Lot
1.13 ac
Current owner
From public records · entity-resolved
Ba Wee LLC
Entity
Mailing address
9111 N FARMDALE ST, SPOKANE, WA 99208-9100
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2023
$6,300,000
Ba Wee LLC
Rock Hollow LLC
Warranty Deed
$2,800,000 · Greystone Servicing Co LLC
Mar 9, 2023
—
Ba Wee LLC
—
Deed
related
—
Sep 21, 2020
—
Rock Hollow LLC
—
Deed
related
$3,000,000 · Spokane Teachers Cu
Jan 19, 2007
$200,000
Rock Hollow LLC
Swartout,dennis B
Warranty Deed
$160,000 · Sunbird Technologies INC
—
—
Rock Hollow LLC
—
Deed Of Trust
related
$152,500 · Intermountain Bank
—
—
Dennis B Swartout
—
Deed Of Trust
related
$70,000 · Individual
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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