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Property profile & analytics
OFF-MARKET
Office buildings
8414 Geiger Blvd Spokane, WA 99224-9721
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-2100368
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
1,410 SF
Lot
1.57 ac (68,312 SF)
APN
24052.0109
UPID
US90-2100368
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
-
VAN Rental Spokane - Airport Car Rental Facility
-
Dry Box - Spokane Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Geiger Road Investments LLC · 7 yrs held
Geiger Road Investments LLC
since 2018
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,374
Tax year 2023
Assessed value
$375,340
Assessed 2024
Previous assessed
$136,620
+174.7% YoY
Effective rate
0.90%
On assessed value
Assessed land
$204,940
Assessed improvement
$170,400
Land market value
$204,940
Improvement market value
$170,400
Total market value
$375,340
Applied tax rate
1,886.0000
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
2021
Heating
NONE
Total area
1,410 SF
Lot
1.57 ac (68,312 SF)
APN
24052.0109
UPID
US90-2100368
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
2021
Heating
NONE
Lot
1.57 ac
Current owner
From public records · entity-resolved
Geiger Road Investments LLC
Entity
Mailing address
185 ALDERWOOD DR, CHEHALIS, WA 98532-8678
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
—
Geiger Road Investments LLC
—
Deed
related
$1,100,000 · Security State Bank
Nov 1, 2018
$600,000
Geiger Road Investments LLC
Ricks Custom Fencing & Decking INC
Warranty Deed
$450,000 · Security State Bank
Jul 23, 2010
—
Custom Fencing Ricks
Stanley,richard L & Marlene Q
Warranty Deed
—
Jul 11, 2007
$818,646
Richard L Stanley
Big Cigar LLC
Warranty Deed
—
Apr 12, 2007
$2,100,000
Big Cigar LLC
Digiovanni Family Trust
Grant Deed
$1,500,000 · Digiovanni Family Trust
Sep 16, 2004
$2,167,786
Digiovanni Family Trust
Murphy Bantz & Bury Ps
Trustees Deed
—
Sep 16, 2004
$1,042,225
Digiovanni Family Trust
Murphy Bantz & Bury Ps
Trustees Deed
—
Apr 9, 2002
$1,762,924
Caribou Land & Cattle INC
West Terrace Business Park LLC
Trustees Deed
—
—
—
Caribou Land & Cattle INC
—
Deed Of Trust
related
$494,000 · Lands Associates LP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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