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Property profile & analytics
FOR LEASE
Retail space
915 E Hawthorne Rd Spokane, WA 99218
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0031844
For Lease
$16.15 SF/Yr
915 E Hawthorne Rd, Spokane, WA 99218
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
9,980 SF
Lot
1.41 ac (61,470 SF)
APN
36171.9037
UPID
US90-0031844
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
-
Nicholas R. Harker, DDS - My Dentist Dental Office
-
Farmers Insurance - Blake Jordan Insurance Agency
-
Salon Avea Hair Salon Nail Salon
-
The Curated Cottage Co Home Decor Store Department Store
-
Styles By Sparks Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.76M
Owner & transaction history
Hawthorne Junction LLC · 7 yrs held
Hawthorne Junction LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.5M
+8.6%
Medical building
$2.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,725,000
6.5%
$1,595,000
7%
$1,480,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,300,000
Current use
OFFICE BUILDING
$2,495,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,375,000
Change: +3% · Conversion: Difficult
RESTAURANT
$2,210,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,970,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±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
$176 / 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
$25,009
Tax year 2023
Assessed value
$2,681,310
Assessed 2024
Previous assessed
$2,305,740
+16.3% YoY
Effective rate
0.93%
On assessed value
Assessed land
$799,110
Assessed improvement
$1,882,200
Land market value
$799,110
Improvement market value
$1,882,200
Total market value
$2,681,310
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
For Lease
Year built
2004
Heating
NONE
Stories
1
Total area
9,980 SF
Lot
1.41 ac (61,470 SF)
APN
36171.9037
UPID
US90-0031844
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
$2.3M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
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
2004
Heating
NONE
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Hawthorne Junction LLC
Entity
Mailing address
12420 BRETZ RD, LEAVENWORTH, WA 98826-9538
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2018
$2,600,000
Hawthorne Junction LLC
Hawthorne Square LLC
Warranty Deed
$108,273 · First Citizens Bank & Trust Co
Jun 16, 2006
$2,100,000
Hawthorne Square LLC
Hawthorne & Nevada LLC
Warranty Deed
$250,000 · The State National Bank Of Garfield
Dec 3, 2004
—
Hawthorne & Nevada LLC
—
Trustees Deed
related
$1,487,500 · Us Bank NA
Apr 1, 2003
$450,000
Hawthorne & Nevada LLC
Holmdahl,john P
Grant Deed
$300,000 · John P Holmdahl
—
—
Hawthorne Square LLC
—
Deed Of Trust
related
$1,520,000 · Inland Northwest Bank
—
—
Hawthorne & Nevada LLC
—
Deed Of Trust
related
$300,000 · Us Bank NA
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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