New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Hotels
923 3rd Ave, Spokane, WA 99202-2215
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-3336261
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,000 SF
Lot
1.8 ac (78,200 SF)
APN
35201.4432
UPID
US90-3336261
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
-
Ramada by Wyndham Downtown Spokane Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.53M
Owner & transaction history
American Pride Hotel LLC · 9 yrs held
American Pride Hotel LLC
since 2016
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
by Request
ML approach
$1,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$27 / 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
$45,279
Tax year 2023
Assessed value
$4,642,500
Assessed 2024
Previous assessed
$3,514,800
+32.1% YoY
Effective rate
0.98%
On assessed value
Assessed land
$703,800
Assessed improvement
$3,938,700
Land market value
$703,800
Improvement market value
$3,938,700
Total market value
$4,642,500
Applied tax rate
14.0000
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Units
105
Bathrooms
114
Total area
56,000 SF
Lot
1.8 ac (78,200 SF)
APN
35201.4432
UPID
US90-3336261
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Units
105
Bathrooms
114
Lot
1.8 ac
Current owner
From public records · entity-resolved
American Pride Hotel LLC
Entity
Mailing address
PO BOX 1226, KENT, WA 98035-1226
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
American Pride Hotel LLC
—
Deed
related
$4,555,000 · Unibank
Apr 17, 2017
—
American Pride Hotel LLC
—
Deed
related
$1,529,000 · Capital Matrix
Apr 4, 2017
—
American Pride Hotel LLC
—
Trustees Deed
related
$1,496,100 · Greater Nv Cu
Sep 9, 2016
$4,690,000
American Pride Hotel LLC
Sharma,rahul
Warranty Deed
$4,112,000 · Greater Nv Cu
Sep 9, 2016
—
Rahul Sharma
Sharma,pallavi
Quit Claim Deed
related
—
Apr 21, 2016
—
Srinn Investments LLC
Srinn Cis LLC
Quit Claim Deed
related
—
Dec 24, 2013
$2,400,280
Srinn Cis LLC
Nilkanth INC
Warranty Deed
$2,000,000 · Mountain West Bank
Dec 19, 2007
$4,425,000
Nilkanth INC
Shilo Inn Spokane LLC
Warranty Deed
$2,948,000 · Cit Lending Services Corp
Jul 16, 1997
—
Shilo Inn Spokane LLC
Hemstreet,mark S
Grant Deed
$2,890,000 · Keycorp Real Estate Cap Mar
—
—
Nilkanth INC
—
Deed Of Trust
related
$2,831,000 · Cit Lending Services Corp
—
—
American Pride Hotel LLC
—
Deed Of Trust
related
$1,529,000 · Capital Matrix
—
—
American Pride Hotel LLC
—
Deed Of Trust
related
$2,493,500 · Greater Nv Cu
—
—
Nilkanth INC
—
Deed Of Trust
related
$1,164,000 · Ameritrust Cdc
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 923 3rd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.