New search
Property profile & analytics
FOR LEASE
Warehouses
9922 E Montgomery Dr, Spokane Valley, WA 99206
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1418016
For Lease
$3,568/Mo
9922 E Montgomery Dr, Spokane Valley, WA 99206
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
105,790 SF
Lot
3.14 ac (136,951 SF)
APN
45084.0214
UPID
US90-1418016
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
-
J G Neil & Co Professional Services
-
GardaWorld Security Service
-
DSL Northwest Inc Big Box & Wholesale Store
-
Family Life City Church Church
-
Mountain Laboratories Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.05M
Blend (final)
Blend
$7.49M
Owner & transaction history
Lcp Spokane Montgomery LLC · 3 yrs held
Lcp Spokane Montgomery LLC
since 2023
Last sale
$9.0M
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
$6,565,000
ML approach
$6,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,935,000
Current use
Blend value · Realmo final
$7.49M
Range $6.74M – $8.24M · ±10% · vs last sale $9.00M (May 25 2023)
Last sale anchor
$9.00M
May 25 2023
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
$71 / 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
$62,380
Tax year 2023
Assessed value
$6,606,500
Assessed 2024
Previous assessed
$6,321,900
+4.5% YoY
Effective rate
0.94%
On assessed value
Assessed land
$273,900
Assessed improvement
$6,332,600
Land market value
$273,900
Improvement market value
$6,332,600
Total market value
$6,606,500
Applied tax rate
146.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
105,790 SF
Lot
3.14 ac (136,951 SF)
APN
45084.0214
UPID
US90-1418016
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
$8.9M
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
3.14 ac
Current owner
From public records · entity-resolved
Lcp Spokane Montgomery LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
$9,000,000
Lcp Spokane Montgomery LLC
Hovde Montgomery LLC
Warranty Deed
$6,000,000 · Washington Trust Bank
Jul 14, 2017
—
Hovde-montgomery LLC
Hovde Orchards LLC
Quit Claim Deed
—
Apr 26, 2017
—
Hovde Orchards LLC
—
Deed
related
$2,000,000 · Washington Trust Bank
Aug 20, 2014
$5,735,000
Hovde Orchards LLC
Snug Harbor LLC
Grant Deed
—
May 29, 2014
—
Snug Harbor LLC
Jackson LLC
Quit Claim Deed
related
—
Mar 8, 2000
—
Jackson LLC
Lawson,william J & Carol K
Grant Deed
related
—
Mar 19, 1999
—
Stephen D Schautz
Jackson LLC
Grant Deed
related
—
Apr 23, 1996
$2,300,000
Jackson LLC
Olivetti North America INC
Grant Deed
$2,780,000 · Us Bank Of Washington
—
—
Jackson LLC
—
Deed Of Trust
related
$500,000 · Us Bank Of Washington
—
—
Jackson LLC
—
Deed Of Trust
related
$500,000 · Us Bank Of Washington
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?”
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.
