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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Retail space
8701 Division St Spokane, WA 99218-1131
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0264627
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
17,100 SF
Lot
1.23 ac (53,750 SF)
APN
36191.9135
UPID
US90-0264627
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
-
Free Motion Physical Therapy Physician
-
Game World Spokane (Bike/Boat/Book/etc) Store
-
Dutch Bros Coffee Cafe & Coffee Shop
-
Dr. W. Michael Stobie, PT, DPT, COMT, FAAOMPT Medical Clinic
-
The Great Frame Up (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.45M
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$3.45M
Owner & transaction history
Dan Mcdonald · 2 yrs held
Dan Mcdonald
since 2024
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.3M
+8.6%
Medical building
$4.1M
+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
$3,450,000
ML approach
$3,450,000
CAP Approach
CAP Return
Estimation
6%
$2,955,000
6.5%
$2,730,000
7%
$2,535,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,940,000
Current use
OFFICE BUILDING
$4,275,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$4,065,000
Change: +3% · Conversion: Difficult
RESTAURANT
$3,790,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,380,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10% · vs last sale $3.45M (Mar 22 2024)
Last sale anchor
$3.45M
Mar 22 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
$202 / 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
$28,219
Tax year 2023
Assessed value
$3,005,400
Assessed 2024
Previous assessed
$3,007,100
-0.1% YoY
Effective rate
0.94%
On assessed value
Assessed land
$1,397,500
Assessed improvement
$1,607,900
Land market value
$1,397,500
Improvement market value
$1,607,900
Total market value
$3,005,400
Applied tax rate
1,280.0000
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
1985
Heating
NONE
Buildings
2
Stories
1
Bathrooms
3
Total area
17,100 SF
Lot
1.23 ac (53,750 SF)
APN
36191.9135
UPID
US90-0264627
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
$3.9M
OFFICE BUILDING
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.1M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.4M
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
1985
Heating
NONE
Stories
1
Buildings
2
Bathrooms
3
Lot
1.23 ac
Current owner
From public records · entity-resolved
Dan Mcdonald
Individual
Mailing address
16712 N SADDLE HL LN, COLBERT, WA 99005-9367
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
$3,450,000
Dan Mcdonald
Evergreen Center LLC
Warranty Deed
—
Jun 26, 2020
—
Evergreen Center LLC
—
Deed
related
$2,220,000 · Gesa Cu
Mar 11, 2019
$2,775,000
Evergreen Center LLC
Division At The Y LLC
Warranty Deed
$2,375,000 · Division At The Y LLC
Jul 3, 2002
$1,700,000
Division At The Y LLC
Northeast Gp
Grant Deed
$1,201,900 · Inland Northwest Bank
—
—
Northeast
—
Deed Of Trust
related
$95,000 · Alvin J Wolf 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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