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Property profile & analytics
OFF-MARKET
Estimated value
$2,835,000
Hotels
9 Mayfair Ct Spokane, WA 99208
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0638685
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Total area
1,264 SF
Lot
0.23 ac (10,042 SF)
APN
36203.2014
UPID
US90-0638685
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
$2.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.84M
Owner & transaction history
Northside 32 LLC · 2 yrs held
Northside 32 LLC
since 2024
Last sale
$2.8M
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
Method
Estimation
Statistic approach
$2,835,000
ML approach
$2,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10% · vs last sale $2.83M (May 17 2024)
Last sale anchor
$2.83M
May 17 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
$2,243 / 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
$3,959
Tax year 2023
Assessed value
$441,450
Assessed 2024
Previous assessed
$441,450
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$60,250
Assessed improvement
$381,200
Land market value
$60,250
Improvement market value
$381,200
Total market value
$441,450
Applied tax rate
30.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
2
Stories
2
Units
8
Bathrooms
4
Total area
1,264 SF
Lot
0.23 ac (10,042 SF)
APN
36203.2014
UPID
US90-0638685
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
1988
Heating
NONE
Stories
2
Buildings
2
Units
8
Bathrooms
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
Northside 32 LLC
Entity
Mailing address
323 WOOD AVE, SUMNER, WA 98390-2338
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$2,832,500
Northside 32 LLC
Turning Leaf Furnished Townhomes Ll
Warranty Deed
$2,000,000 · Heritage Southeast Bank
Mar 17, 2020
—
Turning Leaf Furnished Townhomes Ll
—
Deed
related
$1,540,000 · Columbia State Bank
Mar 4, 2019
—
Turning Leaf Furnished Townhomes Ll
—
Deed
related
$70,000 · Global Cu
Feb 16, 2018
—
Turning Leaf Furnished Townhomes Ll
—
Deed
related
$3,270,000 · Global Cu
Oct 19, 2017
—
Turning Leaf Furnished Townhom
—
Loan Modification
related
$1,283,000 · Global FCU
Aug 17, 2016
—
Turning Leaf Furnished Townhomes Ll
Turning Leaf Apartment Homes LLC
Quit Claim Deed
related
$810,000 · Global Cu
Jun 12, 2013
$860,000
Leaf Apartment Homes L Turning
Northwest Property LLC
Grant Deed
$582,263 · Inland Northwest Bank
Apr 16, 2013
$3,600,000
Northwest Property LLC
Smith Scott R
Trustees Deed
related
—
Jul 1, 2004
$4,266,666
Daiichi Solar World LLC
Kalin,kenneth T & Donna J
Warranty Deed
$400,000 · Jack E Grady
Feb 5, 2003
—
Kenneth T Kalin
—
Deed Of Trust
related
$1,440,835 · Wheatland Bank
Sep 27, 1999
—
Kenneth T Kalin
—
Deed Of Trust
related
$1,151,250 · United Security Bank
—
—
Leaf Apartment Homes L Turning
—
Deed Of Trust
related
$171,439 · Inland Northwest Bk
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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