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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Grocery and convenience stores
6616 Nevada St Spokane, WA 99208-5102
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1683636
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Total area
3,191 SF
Lot
0.75 ac (32,557 SF)
APN
36294.1407
UPID
US90-1683636
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
-
Food Mart Grocery & Convenience Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Mobil Gas Station
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
Bitcoin Depot ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$420k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$575k
Owner & transaction history
Western Refining Retail LLC · 3 yrs held
Western Refining Retail LLC
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$610,000
+394.9%
Office building
$435,000
+253.4%
Medical building
$390,000
+218.7%
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 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
$420,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$610,000
Change: +395% · Conversion: Difficult
OFFICE BUILDING
$435,000
Change: +253% · Conversion: Moderate
MEDICAL BUILDING
$390,000
Change: +219% · Conversion: Difficult
AUTO REPAIR, GARAGE
$390,000
Change: +217% · Conversion: Difficult
COMMERCIAL (GENERAL)
$385,000
Change: +213% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$180 / 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
$13,512
Tax year 2023
Assessed value
$1,384,590
Assessed 2024
Previous assessed
$1,254,510
+10.4% YoY
Effective rate
0.98%
On assessed value
Assessed land
$309,290
Assessed improvement
$1,075,300
Land market value
$309,290
Improvement market value
$1,075,300
Total market value
$1,384,590
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
3,191 SF
Lot
0.75 ac (32,557 SF)
APN
36294.1407
UPID
US90-1683636
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
Est. value
$610,000
OFFICE BUILDING
Est. value
$435,000
MEDICAL BUILDING
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$385,000
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2003
Heating
NONE
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Western Refining Retail LLC
Entity
Mailing address
PO BOX 711, DALLAS, TX 75221-0711
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
Jan 17, 2023
—
Western Refining Retail LLC
Trmc Retail LLC
Special Warranty Deed
$10,001 · Potlatch No 1 FCU
Oct 1, 2020
—
Trmc Retail LLC
Tesoro Refining & Marketing Co
Grant Deed
—
Feb 24, 2012
$932,649
Tesoro Refining & Marketing Co
New Albertsons INC
Grant Deed
—
Jun 14, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
—
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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