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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Office buildings
804 Monroe St Spokane, WA 99204-3032
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1085025
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,000 SF
Lot
0.33 ac (14,200 SF)
APN
35193.0505
UPID
US90-1085025
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
-
Drew Fischer, Amplify Real Estate Services Real Estate Agency
-
Spokane Firefighters IAFF Local 29 Charitable Organization Social Service Agency
-
Ripley Ramsey, Amplify Real Estate Services Real Estate Agency
-
Brandon Stebbins - Fox Den Realty Real Estate Agency
-
thecoolsuite Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$744k
Blend (final)
Blend
$1.02M
Owner & transaction history
Design Source INC · 4 yrs held
Design Source INC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$970,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.07M (Feb 28 2022)
Last sale anchor
$1.07M
Feb 28 2022
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
$510 / 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
$9,668
Tax year 2023
Assessed value
$990,300
Assessed 2024
Previous assessed
$469,500
+110.9% YoY
Effective rate
0.98%
On assessed value
Assessed land
$142,000
Assessed improvement
$848,300
Land market value
$142,000
Improvement market value
$848,300
Total market value
$990,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
1
Total area
2,000 SF
Lot
0.33 ac (14,200 SF)
APN
35193.0505
UPID
US90-1085025
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
Building & site characteristics
From public records
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Bathrooms
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Design Source INC
Entity
Free & Clear · 4 yrs held
Mailing address
804 S MONROE ST, SPOKANE, WA 99204-3032
Ownership since
2022
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
Feb 28, 2022
—
Design Source INC
Square Circle Investments
Lease
—
Feb 25, 2022
$1,065,000
Spokane Firefighters Union Local 29
Nancy Croyle
Warranty Deed
$1,075,140 · Spokane Firefighters Cu
Feb 23, 2022
—
Nancy L Croyle
Square Circle Investments LLC
Quit Claim Deed
related
—
Nov 7, 2007
—
Square Circle Investments LLC
Square Circle Investments
Quit Claim Deed
related
—
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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