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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Commercial real estate
905 Monroe St Spokane, WA 99204-3835
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0857017
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1908
Total area
3,514 SF
Lot
0.21 ac (9,311 SF)
APN
35193.3601
UPID
US90-0857017
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
-
Dr. Archiel Buagas-Kintanar Physician
-
Samantha Grimm Esthetics Spa & Massage Center
-
Barden & Barden Law Firm
-
Megan Lewis Law, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$571k
Blend (final)
Blend
$530k
Owner & transaction history
Cmsc Property LLC · 5 yrs held
Cmsc Property LLC
since 2020
Last sale
$430,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$880,000
+55.0%
Medical building
$835,000
+47.4%
Retail stores
$810,000
+42.7%
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
$620,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$565,000
Current use
OFFICE BUILDING
$880,000
Change: +55% · Conversion: Easy
MEDICAL BUILDING
$835,000
Change: +47% · Conversion: Easy
RETAIL STORES
$810,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$695,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $430k (Nov 19 2020)
Last sale anchor
$430k
Nov 19 2020
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
$151 / 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
$4,405
Tax year 2023
Assessed value
$450,510
Assessed 2024
Previous assessed
$386,500
+16.6% YoY
Effective rate
0.98%
On assessed value
Assessed land
$93,110
Assessed improvement
$357,400
Land market value
$93,110
Improvement market value
$357,400
Total market value
$450,510
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1908
Heating
RADIANT
Cooling
CENTRAL
Stories
2
Rooms
11
Bathrooms
3
Total area
3,514 SF
Lot
0.21 ac (9,311 SF)
APN
35193.3601
UPID
US90-0857017
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
COMMERCIAL (GENERAL) Current
Est. value
$565,000
OFFICE BUILDING
Est. value
$880,000
MEDICAL BUILDING
Est. value
$835,000
RETAIL STORES
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$695,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1908
Heating
RADIANT
Cooling
Yes
Stories
2
Rooms
11
Bathrooms
3
Lot
0.21 ac
Current owner
From public records · entity-resolved
Cmsc Property LLC
Entity
Mailing address
1928 S ADAMS ST, SPOKANE, WA 99203-1153
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
$430,000
Cmsc Property LLC
Mmon Roe 905 LLC
Warranty Deed
$345,000 · Numerica Cu
Jun 29, 2017
$295,000
Monroe 905 LLC
Spokane Aids Network
Warranty Deed
$235,000 · Andrew E Worlock
Aug 17, 2016
—
Spokane Aids Network
—
Deed
related
$150,000 · Washington Tr Bk
Jan 16, 1997
$205,000
Spokane Aids Network
Washington Trust Bank
Grant Deed
$142,000 · Washington Trust Bank
Jan 15, 1997
—
Spokane County Sheriffs Dept
Washington Trust Bank
Grant Deed
related
—
—
—
Spokane Aids Network
—
Loan Modification
related
$150,000 · Washington Tr Bk
—
—
Spokane Aids Network
—
Deed Of Trust
related
$120,522 · Washington Trust Bank
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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