Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Drive through restaurants
7920 Division St Spokane, WA 99208-5634
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0638687
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,657 SF
Lot
0.52 ac (22,500 SF)
APN
36203.0106
UPID
US90-0638687
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
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$845k
Owner & transaction history
Fettig Five LLC · 6 yrs held
Fettig Five LLC
since 2020
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$665,000
+12.9%
Medical building
$630,000
+7.3%
Retail stores
$610,000
+3.9%
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
$1,155,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$590,000
Current use
OFFICE BUILDING
$665,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$630,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$610,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$525,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $800k (Jan 3 2020)
Last sale anchor
$800k
Jan 3 2020
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
$318 / 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
$8,148
Tax year 2023
Assessed value
$910,000
Assessed 2024
Previous assessed
$825,100
+10.3% YoY
Effective rate
0.90%
On assessed value
Assessed land
$585,000
Assessed improvement
$325,000
Land market value
$585,000
Improvement market value
$325,000
Total market value
$910,000
Applied tax rate
30.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,657 SF
Lot
0.52 ac (22,500 SF)
APN
36203.0106
UPID
US90-0638687
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 Current
Est. value
$590,000
OFFICE BUILDING
Est. value
$665,000
MEDICAL BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Fettig Five LLC
Entity
Mailing address
201 W FRANCIS AVE, SPOKANE, WA 99205-6361
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 3, 2020
—
Fettig Five LLC
Harold M Fettig
Quit Claim Deed
related
—
Feb 26, 2019
$800,000
Baker Plese & Plese LLC
Ferraro,pat & Diane
Warranty Deed
—
—
—
Pat Ferraro
—
Deed Of Trust
related
$250,000 · Washington Trust Bank
—
—
Pat Ferraro
—
Deed Of Trust
related
$115,000 · Washington Trust Bank
—
—
Pat Ferraro
—
Deed Of Trust
related
$71,000 · Washington Trust Bank
—
—
Pat Ferraro
—
Deed Of Trust
related
$185,000 · Washington Trust Bank
—
—
Pat Ferraro
—
Deed Of Trust
related
$376,669 · Farmers & Merchants Bk Rockfor
—
—
Pat Ferraro
—
Loan Modification
related
$200,000 · Washington Tr Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7920 Division St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
