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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Assisted living facilities
707 5th Ave Spokane, WA 99204-2739
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-3240043
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1952
Total area
10,743 SF
Lot
1.06 ac (46,360 SF)
APN
35192.5221
UPID
US90-3240043
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
-
Cooper George Apartments Real Estate Agency
-
Cooper George Senior Living Nursing Home Retirement Community
-
Sara Nielsen Physician
-
A Plus Limousine Services General Contractor Taxi Service
-
Leonard Norfleet Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$638k
Blend (final)
Blend
$910k
Owner & transaction history
Cooper George LLC · 9 yrs held
Cooper George LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+194.5%
Commercial (general)
$1.3M
+171.0%
Auto repair, garage
$1.3M
+168.6%
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
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,410,000
Change: +195% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,295,000
Change: +171% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,285,000
Change: +169% · Conversion: Difficult
RETAIL STORES
$1,130,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$975,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$85 / 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
$68,043
Tax year 2023
Assessed value
$17,655,400
Assessed 2024
Previous assessed
$13,346,800
+32.3% YoY
Effective rate
0.39%
On assessed value
Assessed land
$1,019,920
Assessed improvement
$16,635,480
Land market value
$1,019,920
Improvement market value
$16,635,480
Total market value
$17,655,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1952
Heating
NONE
Buildings
2
Stories
2
Units
144
Bathrooms
144
Total area
10,743 SF
Lot
1.06 ac (46,360 SF)
APN
35192.5221
UPID
US90-3240043
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
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$975,000
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1952
Heating
NONE
Stories
2
Buildings
2
Units
144
Bathrooms
144
Lot
1.06 ac
Current owner
From public records · entity-resolved
Cooper George LLC
Entity
Mailing address
1900 MADRAS ST SE, SALEM, OR 97306-1331
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2018
—
Cooper George LLC
—
Deed
related
$17,000,000 · Miscellaneous Ins Co
Jul 10, 2018
—
Cooper George LLC
—
Deed
related
$15,500,000 · M&t R/e Tr
Jan 31, 2017
$5,500,000
Cooper George LLC
South Hill Holdings Co LLC
Trustees Deed
$15,000,000 · M&t R/e Tr
Jun 12, 2012
$3,700,000
South Hill Holding Co LLC
Cooper George Holding Co LLC
Grant Deed
$3,700,000 · Cooper George Holding Co LLC
Oct 15, 2010
$319,085
Cooper George Holding Co LLC
Gresham Retirement Center
Grant Deed
—
Oct 15, 2010
$378,000
Cooper George Holding Co LLC
Mikes Cooper George LLC
Grant Deed
—
Sep 28, 2007
$5,115,000
Cooper George Holding Co LLC
Cooper George Partners
Grant Deed
$4,680,000 · Cooper George Partners LP
Sep 28, 2007
$1,000,000
Mikes Cooper George LLC
Cooper George Holding Co LLC
Grant Deed
—
Dec 13, 1995
$1,664,431
George Partners LP Cooper
Bella Torre De Pisa LP
Grant Deed
$6,600,000 · Intervest-mortgage Investment
—
—
Cooper George LLC
—
Deed Of Trust
related
$17,000,000 · Miscellaneous Ins Co
—
—
George Partners LP Cooper
—
Deed Of Trust
related
$5,850,000 · Heller Healthcare Finance INC
—
—
Cooper George LLC
—
Loan Modification
related
$15,500,000 · M&t R/e Tr
—
—
George Partners LP Cooper
—
Deed Of Trust
related
$9,765,000 · Deutsch Bank
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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