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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Office buildings
8775 Msn Ave, Spokane Valley, WA 99212-2531
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1309279
Property summary
AI-generated overview
This exceptional 13,560 square foot Class B office building in Spokane Valley, WA, is available for sale at $3,150,000 ($232.30/SF). Built in 2004, the property boasts a prime location at 8775 E Mission Ave, 99212, offering excellent freeway visibility and signage opportunities. The building sits on two parcels (APN 45074.0918 & 45074.0919), encompassing approximately 33,750 SF and 45,723 SF respectively. The property features ample parking with 97 stalls and is suitable for single or multi-tenant occupancy. Tenant improvements are negotiable. This presents a unique investment opportunity in a thriving Spokane Valley market. The property is offered as a Triple Net (NNN) lease. The building's size is approximately 13,560 square feet. This is a multi-tenant property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
13,560 SF
Lot
1.05 ac (45,723 SF)
APN
45074.0919
UPID
US90-1309279
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
-
CompuCom Financial & Business Software Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Coverify Insurance WA Insurance Agency
-
University of Phoenix - Eastern Washington Campus University
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.54M
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
$3.84M
Blend (final)
Blend
$3.19M
Owner & transaction history
Point No Point LLC · 6 yrs held
Point No Point LLC
since 2020
Last sale
$3.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.6M
+24.2%
Restaurant
$2.9M
+0.2%
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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
$3,460,000
ML approach
$3,540,000
CAP Approach
CAP Return
Estimation
6%
$2,580,000
6.5%
$2,385,000
7%
$2,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,930,000
Current use
AUTO REPAIR, GARAGE
$3,640,000
Change: +24% · Conversion: Difficult
RESTAURANT
$2,940,000
Change: +0% · Conversion: Moderate
MEDICAL BUILDING
$2,755,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $2.95M (Jun 9 2025)
Last sale anchor
$2.95M
Jun 9 2025
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
$235 / 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
$28,996
Tax year 2023
Assessed value
$2,888,760
Assessed 2024
Previous assessed
$2,569,660
+12.4% YoY
Effective rate
1.00%
On assessed value
Assessed land
$320,060
Assessed improvement
$2,568,700
Land market value
$320,060
Improvement market value
$2,568,700
Total market value
$2,888,760
Applied tax rate
148.0000
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
2004
Heating
RADIANT
Stories
1
Rooms
8
Bathrooms
2
Total area
13,560 SF
Lot
1.05 ac (45,723 SF)
APN
45074.0919
UPID
US90-1309279
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 Current
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$3.6M
RESTAURANT
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
2004
Heating
RADIANT
Stories
1
Rooms
8
Bathrooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Point No Point LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1143 16TH AVE E, SEATTLE, WA 98112-3310
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Feb 13, 2020
$68,867
Point No Point LLC
Argonne Forest LLC No 3
Warranty Deed
—
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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