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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Retail space
8016 Division St, Spokane, WA 99208-5635
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0043167
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,355 SF
Lot
1.67 ac (72,702 SF)
APN
36203.0121
UPID
US90-0043167
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
-
Amazon Locker - Nettie Postal Service Courier Service
-
Huppin's Installation | Audio, TV, Smart Home, Networking, Shades and Lighting IT Consulting Firm Tech Support Center
-
Ninja Nation - Spokane, WA Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
$3.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Bradley E Shain · 2 yrs held
Bradley E Shain
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.6M
+8.6%
Medical building
$5.3M
+3.3%
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
$3,865,000
6.5%
$3,570,000
7%
$3,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,150,000
Current use
OFFICE BUILDING
$5,590,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$5,315,000
Change: +3% · Conversion: Difficult
RESTAURANT
$4,955,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,420,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (May 2 2024)
Last sale anchor
$4.00M
May 2 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
$179 / 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
$38,475
Tax year 2023
Assessed value
$4,301,650
Assessed 2024
Previous assessed
$4,301,650
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,890,250
Assessed improvement
$2,411,400
Land market value
$1,890,250
Improvement market value
$2,411,400
Total market value
$4,301,650
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Total area
22,355 SF
Lot
1.67 ac (72,702 SF)
APN
36203.0121
UPID
US90-0043167
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
RETAIL STORES Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$5.3M
RESTAURANT
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Bradley E Shain
Individual
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2024
—
Bradley E Shain
Bradley Shain
Intrafamily Transfer
related
$2,760,000 · Washington Trust Bank
Dec 15, 2023
$4,000,000
Aero Mhp LLC
Aero Mobile Home Park INC
Warranty Deed
$3,000,000 · Aero Mobile Home Park INC
Oct 6, 2023
$2,186,854
Bradley Shain
Eighty Sixteen LLC
Warranty Deed
—
Dec 30, 2020
—
Eighty Sixteen LLC
—
Deed
related
$734,025 · Washington Tr Bk
May 14, 2010
$2,600,280
Eighty Sixteen LLC
Spokane Division Investment LLC
Warranty Deed
$1,565,000 · Washington Trust Bank
Jan 27, 2006
$3,900,000
Spokane Division Inv LLC
Tweten,leonard M & Eileen P
Warranty Deed
$2,900,000 · Cathay Bank
—
—
Eighty Sixteen LLC
—
Loan Modification
related
$734,025 · Washington Tr Bk
—
—
Eighty Sixteen LLC
—
Deed Of Trust
related
$1,221,000 · Northwest Busn Dev Assn
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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