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Property profile & analytics
OFF-MARKET
Estimated value
$2,505,000
Auto shops
10917 Sr 2nd 2 Airway Heights, WA 99001
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1003982
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2004
Total area
14,437 SF
Lot
2 ac (87,120 SF)
APN
15251.0301
UPID
US90-1003982
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
$2.63M
Blend (final)
Blend
$2.51M
Owner & transaction history
Roosevelt Apartments LLC · 12 yrs held
Roosevelt Apartments LLC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+26.6%
Medical building
$3.4M
+20.4%
Retail stores
$3.3M
+16.5%
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
AUTO REPAIR, GARAGE
$2,855,000
Current use
OFFICE BUILDING
$3,610,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$3,435,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$3,325,000
Change: +17% · Conversion: Difficult
RESTAURANT
$3,200,000
Change: +12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,600,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,330,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±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
$174 / 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
$22,029
Tax year 2023
Assessed value
$2,804,560
Assessed 2024
Previous assessed
$2,560,160
+9.5% YoY
Effective rate
0.79%
On assessed value
Assessed land
$696,960
Assessed improvement
$2,107,600
Land market value
$696,960
Improvement market value
$2,107,600
Total market value
$2,804,560
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
14,437 SF
Lot
2 ac (87,120 SF)
APN
15251.0301
UPID
US90-1003982
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
AUTO REPAIR, GARAGE Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.3M
RESTAURANT
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
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
2004
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Roosevelt Apartments LLC
Entity
Mailing address
940 CAROL WAY, EDMONDS, WA 98020-2939
Ownership since
2014
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
Sep 9, 2024
—
Roosevelt Apartments LLC
—
Deed
related
$1,268,421 · Wheatland Bank
Apr 22, 2014
$3,150,000
Roosevelt Apartments LLC
Moose Falls LLC
Warranty Deed
$1,700,000 · Wheatland Bank
Sep 15, 2010
—
Moose Falls LLC
Alton,matthew D
Quit Claim Deed
related
—
Nov 19, 2009
—
Matthew D Alton
—
Deed Of Trust
related
$1,500,000 · Washington Trust Bank
Nov 8, 2007
—
Matthew D Alton
Alton,duane
Quit Claim 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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