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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Distribution centers
9618 1st Ave Spokane Valley, WA 99206-3657
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-3342153
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1971
Construction
STEEL FRAME
Total area
16,364 SF
Lot
0.74 ac (32,027 SF)
APN
45202.0221
UPID
US90-3342153
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
-
LEO'S Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$780k
Owner & transaction history
Cj Nelson Properties LLC · 22 yrs held
Cj Nelson Properties LLC
since 2003
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
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$48 / 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
$5,458
Tax year 2023
Assessed value
$519,410
Assessed 2024
Previous assessed
$466,310
+11.4% YoY
Effective rate
1.05%
On assessed value
Assessed land
$128,110
Assessed improvement
$391,300
Land market value
$128,110
Improvement market value
$391,300
Total market value
$519,410
Applied tax rate
144.0000
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
1971
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
3
Total area
16,364 SF
Lot
0.74 ac (32,027 SF)
APN
45202.0221
UPID
US90-3342153
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
1971
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
3
Lot
0.74 ac
Current owner
From public records · entity-resolved
Cj Nelson Properties LLC
Entity
Mailing address
9618 E 1ST AVE, SPOKANE VALLEY, WA 99206-3657
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
—
Cj Neison Properties LLC
—
Deed
related
$25,000 · Washington Trust Bank
Mar 17, 2017
—
Cj Nelson Properties LLC
—
Deed
related
$400,000 · Inland Northwest Bank
Dec 23, 2003
$395,000
Cj Nelson Properties LLC
Snyder,glen E & Margaret R
Grant Deed
$99,206 · Sterling Savings Bank
Feb 1, 1996
$380,000
Glen E Snyder
Vlahovich,john & Barbara
Grant Deed
$300,000 · Seller
—
—
Cj Nelson Properties LLC
—
Deed Of Trust
related
$320,447 · Sterling Bank
—
—
Cj Nelson Properties LLC
—
Deed Of Trust
related
$300,000 · Sterling Bank
—
—
Cj Nelson Properties LLC
—
Deed Of Trust
related
$80,000 · Sterling Savings Bank
—
—
Cj Nelson Properties LLC
—
Deed Of Trust
related
$350,000 · Sterling Savings 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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