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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Banks
801 Riverside Ave Spokane, WA 99201-0911
Entity Owned
16-yr Hold
Free & Clear
Property ID
US90-3240027
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1968
Total area
7,610 SF
Lot
0.47 ac (20,265 SF)
APN
35183.0615
UPID
US90-3240027
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
-
Shannon Pottratz - NAI Black Commercial Real Estate Broker Spokane/CDA Real Estate Agency
-
Evergreen Bioscience Innovation Cluster Charitable Organization Social Service Agency
-
BRMI/BCI Corporate Office
-
Visit Spokane Business Service Center Event Planning
-
Spokane Arts Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$1.89M
Owner & transaction history
Riverside & Post LLC · 16 yrs held
Riverside & Post LLC
since 2010
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+45.5%
Medical building
$1.8M
+39.8%
Restaurant
$1.7M
+30.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,295,000
Current use
OFFICE BUILDING
$1,885,000
Change: +46% · Conversion: Difficult
MEDICAL BUILDING
$1,810,000
Change: +40% · Conversion: Difficult
RESTAURANT
$1,685,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$1,645,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,505,000
Change: +16% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,370,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±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
$248 / 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
$45,394
Tax year 2023
Assessed value
$4,654,300
Assessed 2024
Previous assessed
$4,384,380
+6.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,621,200
Assessed improvement
$3,033,100
Land market value
$1,621,200
Improvement market value
$3,033,100
Total market value
$4,654,300
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1968
Heating
NONE
Stories
5
Total area
7,610 SF
Lot
0.47 ac (20,265 SF)
APN
35183.0615
UPID
US90-3240027
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
FINANCIAL BUILDING Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1968
Heating
NONE
Stories
5
Lot
0.47 ac
Current owner
From public records · entity-resolved
Riverside & Post LLC
Entity
Free & Clear · 16 yrs held
Mailing address
801 W RIVERSIDE AVE STE #400, SPOKANE, WA 99201-0908
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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 18, 2019
—
Riverside & Post LLC
—
Deed
related
$2,655,000 · Miscellaneous Ins Co
Mar 8, 2010
—
Riverside & Post LLC
Black,david R
Warranty Deed
—
—
—
Riverside & Post LLC
—
Deed Of Trust
related
$2,655,000 · Miscellaneous Ins Co
—
—
Riverside & Post LLC
—
Deed Of Trust
related
$2,975,000 · Kansas City Life Insurance Co
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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