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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Hotels
901 1st Ave Spokane, WA 99201-4001
Entity Owned
16-yr Hold
Free & Clear
Property ID
US90-3240036
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,490 SF
Lot
0.27 ac (11,643 SF)
APN
35192.1006
UPID
US90-3240036
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
-
Hotel Ruby Hotel & Motel
-
Sapphire Lounge Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$555k
Owner & transaction history
Gvd Commercial Properties INC · 16 yrs held
Gvd Commercial Properties INC
since 2010
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$810,000
+46.9%
Restaurant
$670,000
+21.0%
Medical building
$590,000
+6.5%
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 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
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$550,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +47% · Conversion: Difficult
RESTAURANT
$670,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$590,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$565,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$520,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
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
$86 / 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
$13,720
Tax year 2023
Assessed value
$1,405,880
Assessed 2024
Previous assessed
$1,060,180
+32.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$320,180
Assessed improvement
$1,085,700
Land market value
$320,180
Improvement market value
$1,085,700
Total market value
$1,405,880
Applied tax rate
10.0000
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Units
40
Total area
6,490 SF
Lot
0.27 ac (11,643 SF)
APN
35192.1006
UPID
US90-3240036
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
HOTEL/MOTEL Current
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$810,000
RESTAURANT
Est. value
$670,000
MEDICAL BUILDING
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$565,000
RETAIL STORES
Est. value
$520,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Units
40
Lot
0.27 ac
Current owner
From public records · entity-resolved
Gvd Commercial Properties INC
Entity
Free & Clear · 16 yrs held
Mailing address
1915 E KATELLA AVE STE A, ORANGE, CA 92867-5110
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2010
$1,022,475
Gvd Commercial Properties INC
Overlook Spokane LLC
Warranty Deed
—
Jul 20, 2007
$1,005,000
Overlook Spokane LLC
Fuller,james P & Marion F
Warranty Deed
$1,120,000 · Stcu Cu
—
—
Overlook Spokane LLC
—
Deed Of Trust
related
$1,261,626 · Riverbank
—
—
Overlook Spokane LLC
—
Deed Of Trust
related
$60,000 · Riverbank
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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