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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Office buildings
9921 Nevada St Spokane, WA 99218-1145
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3345428
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
STEEL FRAME
Total area
11,623 SF
Lot
2.24 ac (97,574 SF)
APN
36174.1513
UPID
US90-3345428
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
-
Universal Windows Direct of Spokane Hardware & Home Improvement Interior Design
-
The Spokane Counselor Medical Clinic
-
Northpointe Plaza Shopping Center & Mall
-
NOW Remodeling Hardware & Home Improvement Interior Design
-
Velocity Clinical Research Research Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
$2.73M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.04M
Owner & transaction history
Nnpb LLC · 5 yrs held
Nnpb LLC
since 2020
Last sale
$1.6M
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
$2,240,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
$2,960,000
6.5%
$2,730,000
7%
$2,535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,905,000
Current use
MEDICAL BUILDING
$2,765,000
Change: -5% · Conversion: Easy
RETAIL STORES
$2,675,000
Change: -8% · Conversion: Moderate
RESTAURANT
$2,575,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±10% · vs last sale $1.55M (Nov 30 2020)
Last sale anchor
$1.55M
Nov 30 2020
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
$13,464
Tax year 2023
Assessed value
$1,504,430
Assessed 2024
Previous assessed
$1,562,640
-3.7% YoY
Effective rate
0.89%
On assessed value
Assessed land
$634,230
Assessed improvement
$870,200
Land market value
$634,230
Improvement market value
$870,200
Total market value
$1,504,430
Applied tax rate
30.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
2
Total area
11,623 SF
Lot
2.24 ac (97,574 SF)
APN
36174.1513
UPID
US90-3345428
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
OFFICE BUILDING Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
1996
Construction
STEEL FRAME
Heating
NONE
Stories
2
Bathrooms
2
Lot
2.24 ac
Current owner
From public records · entity-resolved
Nnpb LLC
Entity
Mailing address
801 W RIVERSIDE AVE STE #400, SPOKANE, WA 99201-0908
Ownership since
2020
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
Nov 30, 2020
$1,550,000
Nnpb LLC
Mead School District No 354
Warranty Deed
$1,341,900 · Mountain West Bank
Aug 12, 2016
$1,300,000
Mead School Distict 354
Triple K Family LP
Warranty Deed
—
Apr 14, 2006
$1,455,000
Triple K Family
Nevada Street Property LLC
Warranty Deed
—
Jan 15, 2003
$1,225,000
Nevada Street Property LLC
Wilson,linda K
Grant Deed
—
—
—
David J Wilson
—
Deed Of Trust
related
$100,000 · 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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