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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Warehouses
810 Hwy 902 Medical Lake, WA 99022
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-2338577
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1987
Total area
2,500 SF
Lot
0.65 ac (28,300 SF)
APN
14181.0017
UPID
US90-2338577
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
$590k
CAP Approach
CAP
$345k
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$540k
Owner & transaction history
Jeremy Asa Wilson · 3 yrs held
Jeremy Asa Wilson
since 2022
Last sale
$750,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$625,000
+108.0%
Medical building
$595,000
+97.8%
Retail stores
$575,000
+91.5%
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 Medical Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medical Lake 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
$615,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$370,000
6.5%
$345,000
7%
$320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$595,000
Change: +98% · Conversion: Difficult
RETAIL STORES
$575,000
Change: +91% · Conversion: Moderate
AUTO REPAIR, GARAGE
$495,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$405,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $750k (Sep 1 2022)
Last sale anchor
$750k
Sep 1 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
$216 / 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
$2,524
Tax year 2023
Assessed value
$300,080
Assessed 2024
Previous assessed
$300,080
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$91,980
Assessed improvement
$208,100
Land market value
$91,980
Improvement market value
$208,100
Total market value
$300,080
Applied tax rate
160.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
3
Stories
1
Total area
2,500 SF
Lot
0.65 ac (28,300 SF)
APN
14181.0017
UPID
US90-2338577
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
OFFICE BUILDING
Est. value
$625,000
MEDICAL BUILDING
Est. value
$595,000
RETAIL STORES
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$405,000
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (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
1987
Heating
NONE
Stories
1
Buildings
3
Lot
0.65 ac
Current owner
From public records · entity-resolved
Jeremy Asa Wilson
Individual
Mailing address
21019 W BANNOCK AVE, MEDICAL LAKE, WA 99022-9610
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$750,000
Jeremy Asa Wilson
Aaro Mobile Home Park INC
Warranty Deed
$650,000 · Aero Mobile Home Park INC
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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