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Property profile & analytics
OFF-MARKET
Estimated value
$5,300,000
Automotive properties
6901 Sprague Ave Spokane Valley, WA 99212-0624
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-2262276
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1978
Total area
15,974 SF
Lot
2.26 ac (98,289 SF)
APN
35134.9093
UPID
US90-2262276
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
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Nissan Parts - Cortes Nissan Auto Parts Store
-
Cortes Nissan Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.14M
Blend (final)
Blend
$5.30M
Owner & transaction history
Cortes Properties LLC · 2 yrs held
Cortes Properties LLC
since 2024
Last sale
$5.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.5M
+52.2%
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$5,300,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,290,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,530,000
Change: +52% · Conversion: Difficult
RESTAURANT
$3,460,000
Change: -19% · Conversion: Difficult
OFFICE BUILDING
$3,455,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±10% · vs last sale $5.30M (Jul 19 2024)
Last sale anchor
$5.30M
Jul 19 2024
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
$332 / 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
$29,263
Tax year 2023
Assessed value
$2,796,020
Assessed 2024
Previous assessed
$2,688,820
+4.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$688,020
Assessed improvement
$2,108,000
Land market value
$688,020
Improvement market value
$2,108,000
Total market value
$2,796,020
Applied tax rate
148.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
2
Stories
1
Total area
15,974 SF
Lot
2.26 ac (98,289 SF)
APN
35134.9093
UPID
US90-2262276
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
AUTO REPAIR, GARAGE Current
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
RESTAURANT
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
OFFICE BUILDING
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
1978
Heating
NONE
Stories
1
Buildings
2
Lot
2.26 ac
Current owner
From public records · entity-resolved
Cortes Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4401 COLWICK RD, CHARLOTTE, NC 28211-2311
Ownership since
2024
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
Oct 31, 2025
—
Cortes Properties Ns LLC
—
Deed
related
$4,439,002 · Bank Of America NA
Jul 19, 2024
$5,300,000
Cortes Properties LLC
Rfj Spokane Auto Properties LLC
Bargain And Sale Deed
—
Jul 19, 2024
—
Cortes Properties Ns LLC
—
Deed
related
—
Mar 22, 2023
—
Rfj Spokane Auto Properties LLC
—
Deed
related
$50,000,000 · Pnc Bank NA
Mar 4, 2020
—
Rfj Spokane Auto Properties LLC
—
Deed
related
$2,802,666 · Ally Bank
Oct 30, 2015
$3,750,000
Rfj Spokane Auto Properties LLC
Jaremko Family LLC
Bargain And Sale Deed
$3,240,000 · Nissan Motor Acceptance Corporation
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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