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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Banks
10811 2nd Hwy Airway Heights, WA 99001
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-2706889
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2017
Total area
3,959 SF
Lot
1.1 ac (47,818 SF)
APN
15251.0503
UPID
US90-2706889
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$629k
Blend (final)
Blend
$695k
Owner & transaction history
Steve Eun Yi · 8 yrs held
Steve Eun Yi
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$990,000
+47.0%
Medical building
$940,000
+39.8%
Retail stores
$910,000
+35.4%
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 Airway Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Airway Heights 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
FINANCIAL BUILDING
$675,000
Current use
OFFICE BUILDING
$990,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$940,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$910,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$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
$13,761
Tax year 2023
Assessed value
$1,751,350
Assessed 2024
Previous assessed
$1,646,050
+6.4% YoY
Effective rate
0.79%
On assessed value
Assessed land
$669,450
Assessed improvement
$1,081,900
Land market value
$669,450
Improvement market value
$1,081,900
Total market value
$1,751,350
Applied tax rate
370.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
3,959 SF
Lot
1.1 ac (47,818 SF)
APN
15251.0503
UPID
US90-2706889
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
FINANCIAL BUILDING Current
Est. value
$675,000
OFFICE BUILDING
Est. value
$990,000
MEDICAL BUILDING
Est. value
$940,000
RETAIL STORES
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$640,000
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2017
Heating
NONE
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Steve Eun Yi
Individual
Mailing address
2850 E VERNON AVE, VERNON, CA 90058-1804
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2020
—
Yi Family Trust
—
Deed
related
$4,220,000 · Wells Fargo Bk
Dec 15, 2017
$35,294
Steve Eun Yi
West Partners LLC
Warranty Deed
—
Mar 3, 2017
—
West Partners LLC
—
Grant Deed
related
$6,230,000 · North Cascades Bk
—
—
Yi Family Trust
—
Deed Of Trust
related
$4,220,000 · Wells Fargo Bk
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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