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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Hotels
801 Division St Spokane, WA 99202-1614
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1250957
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1994
Construction
STEEL FRAME
Total area
14,417 SF
Lot
2.28 ac (99,317 SF)
APN
35185.0091
UPID
US90-1250957
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
-
Holiday Inn Express Spokane-Downtown, an IHG Hotel Hotel & Motel
-
gonzaga Private University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Ka Dt Spokane LLC
Ka Dt Spokane LLC
since 2026
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+79.9%
Auto repair, garage
$2.1M
+72.0%
Commercial (general)
$1.9M
+52.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,225,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,205,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,110,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,875,000
Change: +53% · Conversion: Difficult
OFFICE BUILDING
$1,820,000
Change: +48% · Conversion: Difficult
RESTAURANT
$1,745,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$1,580,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$1,305,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$109 / 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
$68,157
Tax year 2023
Assessed value
$6,988,870
Assessed 2024
Previous assessed
$5,511,070
+26.8% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,026,070
Assessed improvement
$4,962,800
Land market value
$2,026,070
Improvement market value
$4,962,800
Total market value
$6,988,870
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Stories
4
Units
119
Total area
14,417 SF
Lot
2.28 ac (99,317 SF)
APN
35185.0091
UPID
US90-1250957
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
HOTEL/MOTEL Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.3M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1994
Construction
STEEL FRAME
Heating
NONE
Stories
4
Units
119
Lot
2.28 ac
Current owner
From public records · entity-resolved
Ka Dt Spokane LLC
Entity
Mailing address
8923 E MSN AVE #135, SPOKANE VALLEY, WA 99212-2533
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Jan 7, 2026
—
Ka Dt Spokane LLC
Basalt Hospitality LP
Bargain & Sale Deed
$14,110,000 · Bank Of Utah
Mar 18, 2020
—
Basalt Hospitality LP
—
Deed
related
$7,000,000 · Washington Trust Bank
—
—
Basalt Hospitality LP
—
Deed Of Trust
related
$434,500 · Glacier Bank Fsb
—
—
Basalt Hospitality LP
—
Deed Of Trust
related
$875,000 · Security Bank
—
—
Basalt Hospitality LP
—
Deed Of Trust
related
$3,500,000 · Glacier Bank
—
—
Basalt Hospitality LP
—
Deed Of Trust
related
$3,156,300 · Glacier Bank Fsb
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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