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Property profile & analytics
FOR SALE
Hotels
12525 W Sunset Hwy, Airway Heights, WA 99001
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0926889
For Sale
1 / 47
$3,699,000
12525 W Sunset Hwy, Airway Heights, WA 99001
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Property summary
AI-generated overview
This exceptional industrial warehouse space, located at 12525 W Sunset Hwy in Spokane County, offers 2,500 square feet of versatile space perfect for a variety of businesses. Currently, one unit is available for lease. The property boasts single-phase power, making it suitable for a range of industrial and commercial uses. The zoning designation is C-1A, which should be verified by the tenant for specific permitted uses. The monthly rental rate is $1.10 per square foot. This is a multi-tenant building, providing a collaborative environment. The building's size is precisely 2,500 square feet, offering ample room for operations and storage. Interested parties are encouraged to conduct their own due diligence regarding zoning compliance and suitability for their intended business operations. This prime location in Spokane County offers easy access to major transportation routes, enhancing logistical efficiency for businesses. The available space presents a unique opportunity for businesses seeking a functional and well-located warehouse in a thriving area. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1955
Total area
10,424 SF
Lot
4.17 ac (181,475 SF)
APN
15261.6001
UPID
US90-0926889
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Starlight 2 LLC · 10 yrs held
Starlight 2 LLC
since 2016
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,111
Tax year 2023
Assessed value
$1,286,360
Assessed 2024
Previous assessed
$1,090,260
+18.0% YoY
Effective rate
0.79%
On assessed value
Assessed land
$499,060
Assessed improvement
$787,300
Land market value
$499,060
Improvement market value
$787,300
Total market value
$1,286,360
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1955
Heating
NONE
Buildings
2
Stories
1
Units
22
Bathrooms
24
Total area
10,424 SF
Lot
4.17 ac (181,475 SF)
APN
15261.6001
UPID
US90-0926889
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
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Buildings
2
Units
22
Bathrooms
24
Lot
4.17 ac
Current owner
From public records · entity-resolved
Starlight 2 LLC
Entity
Mailing address
12525 W SUNSET HWY, AIRWAY HEIGHTS, WA 99001-9457
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2017
—
Starlight 2 LLC
—
Deed
related
$978,105 · Inland Northwest Bk
Mar 30, 2017
—
Starlight 2 LLC
—
Deed
related
$30,000 · Inland Northwest Bank
Apr 5, 2016
—
Starlight 2 LLC
Yu Song K
Quit Claim Deed
related
—
Oct 31, 2014
$1,094,071
Starlight 2 LLC
Ik Yeong
Warranty Deed
$770,000 · Inland Northwest Bank
Apr 25, 2001
$494,242
Ik Yeong
Song K Yu Estate
Grant Deed
$228,300 · Inland Northwest Bank
—
—
Ik Yeong
—
Deed Of Trust
related
$126,700 · Inland Northwest Bank
—
—
Starlight 2 LLC
—
Loan Modification
related
$978,105 · Inland Northwest 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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