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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Drive through restaurants
12218 Market St, Mead, WA 99021
Entity Owned
~
Est. High Equity
Property ID
US90-1060596
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1997
Construction
STEEL FRAME
Total area
3,048 SF
Lot
0.93 ac (40,641 SF)
APN
36101.0252
UPID
US90-1060596
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$555k
Owner & transaction history
Westworld 2 LLC
Westworld 2 LLC
since 2026
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$730,000
+11.3%
Medical building
$665,000
+0.8%
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 Mead submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mead 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
$600,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$655,000
Current use
OFFICE BUILDING
$730,000
Change: +11% · Conversion: Moderate
MEDICAL BUILDING
$665,000
Change: +1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$575,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $550k (Dec 14 2021)
Last sale anchor
$550k
Dec 14 2021
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
$182 / 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
$6,157
Tax year 2023
Assessed value
$646,060
Assessed 2024
Previous assessed
$543,720
+18.8% YoY
Effective rate
0.95%
On assessed value
Assessed land
$162,560
Assessed improvement
$483,500
Land market value
$162,560
Improvement market value
$483,500
Total market value
$646,060
Applied tax rate
1,280.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
3,048 SF
Lot
0.93 ac (40,641 SF)
APN
36101.0252
UPID
US90-1060596
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
RESTAURANT Current
Est. value
$655,000
OFFICE BUILDING
Est. value
$730,000
MEDICAL BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES
Est. value
$575,000
RESTAURANT Current
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Westworld 2 LLC
Entity
Mailing address
911 1ST ST, CHENEY, WA 99004-1705
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
$1,000,000
Westworld 2 LLC
Griffin Northside Properties LLC
Deed
—
Dec 30, 2021
—
Griffin Northside Properties LLC
—
Deed
related
$600,000 · First Interstate Bank
Dec 14, 2021
—
Girffin Northside Proeprties LLC
Zips Investments LLC
Quit Claim Deed
related
—
Jul 10, 2019
$550,000
Zips Investments LLC
Fettig Five LLC
Grant Deed
$550,000 · Fettig Five LLC
May 22, 2015
$300,000
Fettig Five LLC
Kimberly Ann Tingle
Warranty Deed
—
Jan 8, 2003
$340,000
Kimberly A Tingle
Zips International INC
Grant Deed
$340,000 · Zips International INC
Nov 3, 1998
$75,500
Zips International INC
Fettig Family LP
Quit Claim Deed
related
—
Aug 7, 1995
$68,000
Fettig Family LP
Canter,stan R & Donna M
Grant Deed
—
—
—
Pettig Family LP
—
Deed Of Trust
related
$385,000 · Washington Trust Bank
—
—
Kimberly Ann Tingle
—
Deed Of Trust
related
$115,000 · Washington Trust Bank
—
—
Pettig Family LP
—
Deed Of Trust
related
$115,000 · Washington Trust Bank
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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