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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Distribution centers
9514 Montgomery Ave Spokane Valley, WA 99206-4140
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0248925
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,600 SF
Lot
1.52 ac (66,000 SF)
APN
45083.0172
UPID
US90-0248925
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
-
Lifesafer Ignition Interlock Building Supply General Contractor
-
The Blind Doc (Bike/Boat/Book/etc) Store Home Decor Store
-
Ida & Norma's Draperies (Bike/Boat/Book/etc) Store Home Decor Store
-
Interactive Medical Systems Medical Supply Store
-
Alta Pest Control Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$1.72M
Owner & transaction history
D&d Family LLC · 9 yrs held
D&d Family LLC
since 2017
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 Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,415,000
Current use
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$60 / 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
$23,047
Tax year 2023
Assessed value
$2,240,900
Assessed 2024
Previous assessed
$1,999,600
+12.1% YoY
Effective rate
1.03%
On assessed value
Assessed land
$198,000
Assessed improvement
$2,042,900
Land market value
$198,000
Improvement market value
$2,042,900
Total market value
$2,240,900
Applied tax rate
148.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
22
Total area
28,600 SF
Lot
1.52 ac (66,000 SF)
APN
45083.0172
UPID
US90-0248925
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
WAREHOUSE, STORAGE Current
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
22
Lot
1.52 ac
Current owner
From public records · entity-resolved
D&d Family LLC
Entity
Mailing address
601 W MAIN AVE STE #400, SPOKANE, WA 99201-0613
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
—
D&d Family LLC
—
Deed
related
$1,400,000 · Washington Trust Bank
Jul 14, 2017
—
D&d Family LLC
Hovde Orchards LLC
Warranty Deed
—
Aug 19, 2014
$3,352,311
Hovde Orchards LLC
Argonne Commercial Center LLC
Warranty Deed
$1,000,000 · Banner Bank
Feb 14, 2001
—
Argonne Commercial Center LLC
—
Deed Of Trust
related
$1,900,000 · Western Fsb
Feb 7, 2001
$37,000
Argonne Commercial Center LLC
J Jamaw LP
Quit Claim Deed
related
—
Feb 7, 2001
—
Argonne Commercial Center LLC
Flowson Trust
Quit Claim Deed
related
—
Feb 7, 2001
$37,495
Argonne Commercial Center LLC
Wolff,alvin J & Eugenia E
Quit Claim Deed
related
—
Feb 7, 2001
$38,500
Argonne Commercial Center LLC
Molitor,jay J & Vikki A
Quit Claim Deed
related
—
Feb 7, 2001
$91,000
Argonne Commercial Center LLC
Oconnell,james F & Sharon L
Quit Claim Deed
related
—
Jan 28, 2000
$750,060
J Jamaw LP
Alvin J Wolff/richards Merill
Trustees Deed
—
Jan 28, 2000
—
Alvin J Wolff/merrill
Argonne Commercial Center
Quit Claim Deed
related
—
—
—
Argonne Commercial Center
—
Deed Of Trust
related
$1,550,000 · Washington Trust Bank
—
—
Argonne Commercial Center Ptsh
—
Deed Of Trust
related
$400,000 · Seafirst Bank
—
—
Argonne Commercial Center Ptsh
—
Deed Of Trust
related
$1,300,000 · Seafirst 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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