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Property profile & analytics
FOR SALE
Warehouses
12432 W Sunset Hwy Airway Heights, WA 99001
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0886017
For Sale
$1,500,000
12432 W Sunset Hwy, Airway Heights, WA 99001
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
10,800 SF
Lot
0.39 ac (17,050 SF)
APN
15234.2814
UPID
US90-0886017
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
$900k
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$832k
Blend (final)
Blend
$985k
Owner & transaction history
W&h Groupllc · 3 yrs held
W&h Groupllc
since 2022
Last sale
$1.1M
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 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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,300,000
Current use
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10% · vs last sale $1.10M (Aug 12 2022)
Last sale anchor
$1.10M
Aug 12 2022
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
$91 / 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
$2,729
Tax year 2023
Assessed value
$346,150
Assessed 2024
Previous assessed
$337,350
+2.6% YoY
Effective rate
0.79%
On assessed value
Assessed land
$51,150
Assessed improvement
$295,000
Land market value
$51,150
Improvement market value
$295,000
Total market value
$346,150
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
10,800 SF
Lot
0.39 ac (17,050 SF)
APN
15234.2814
UPID
US90-0886017
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
$1.3M
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
1990
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
W&h Groupllc
Individual
Mailing address
20 W HOUSTON AVE, SPOKANE, WA 99208-3947
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$1,100,000
W&h Groupllc
Claudette A Comer
Bargain And Sale Deed
$825,000 · Mountain West Bank
Mar 21, 2019
—
Claude A Hicks
—
Deed
related
$200,000 · Ga One Props LLC
Apr 12, 2018
—
Claude A Hicks
—
Deed
related
$400,000 · Ga One Properties LLC
Apr 12, 2017
—
Claude A Hicks
—
Trustees Deed
related
$350,000 · Private Individual
—
—
Claude A Hicks
—
Deed Of Trust
related
$200,000 · Ga One Props LLC
—
—
Claude A Hicks
—
Deed Of Trust
related
—
—
—
Claude A Hicks
—
Deed Of Trust
related
$400,000 · Ga One Properties LLC
—
—
Claude A Hicks
—
Deed Of Trust
related
$225,000 · Global FCU
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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