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Property profile & analytics
OFF-MARKET
Estimated value
$6,655,000
Distribution centers
9818 Hallett Rd Spokane, WA 99224-9748
Entity Owned
28-yr Hold
Free & Clear
Property ID
US90-0776611
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2010
Total area
72,735 SF
Lot
11.07 ac (482,209 SF)
APN
24064.9037
UPID
US90-0776611
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
-
Peirone Produce Co Agricultural Supply Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.31M
Comparable Approach
Comparable
$7.62M
Blend (final)
Blend
$6.66M
Owner & transaction history
Peirone Produce Co · 28 yrs held
Peirone Produce Co
since 1997
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,920,000
6.5%
$7,310,000
7%
$6,790,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,750,000
Current use
Blend value · Realmo final
$6.66M
Range $5.99M – $7.32M · ±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
$91 / 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
$82,336
Tax year 2023
Assessed value
$9,319,930
Assessed 2024
Previous assessed
$8,261,530
+12.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$1,687,730
Assessed improvement
$7,632,200
Land market value
$1,687,730
Improvement market value
$7,632,200
Total market value
$9,319,930
Applied tax rate
1,881.0000
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
2010
Heating
NONE
Buildings
2
Stories
1
Total area
72,735 SF
Lot
11.07 ac (482,209 SF)
APN
24064.9037
UPID
US90-0776611
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
$8.8M
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
2010
Heating
NONE
Stories
1
Buildings
2
Lot
11.07 ac
Current owner
From public records · entity-resolved
Peirone Produce Co
Entity
Free & Clear · 28 yrs held
Mailing address
PO BOX 19147, SPOKANE, WA 99219-9147
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2014
—
Peirone Produce Co
—
Loan Modification, Consolidation And Extension
related
$78,000,000 · Bank Of Montreal
Dec 20, 2010
—
Peirone Produce Co
—
Deed Of Trust
related
$78,000,000 · Bank Of Montreal
May 14, 2009
—
Peirone Produce Co
—
Deed Of Trust
related
$73,000,000 · Bank Of Montreal
Nov 7, 1997
$274,798
Peirone Produce Co
Caffero,ronald N & Terri H
Trustees Deed
—
Nov 7, 1997
—
Caferro,ronald N & Terri H
Rcs Development
Trustees Deed
related
—
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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