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Property profile & analytics
FOR LEASE
Parking lots & garages

12825 W 14Th Ave Airway Heights, WA 99001

2,800 SF 4.94 ac lot Built 1978
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1294571
Property summary
AI-generated overview

This exceptional free-standing commercial building, totaling 49,410 square feet, presents a unique investment opportunity in Airway Heights. Ideally situated on Highway 2 in the downtown area, this property boasts a prime location just 2.6 miles from Fairchild Air Force Base, providing access to a substantial consumer base of approximately 11,868 active-duty personnel, Air National Guard members, dependents, and civilian employees, along with an additional 814 households. Originally constructed in 1978 and renovated in 1986, the building sits on a generous 4.94 acres of land and is zoned C-1 Light Commercial, allowing for a diverse range of uses including commercial, financial, retail, personal services, restaurants, professional and medical offices, entertainment, and hotels. The property features two loading docks and ample parking, including a large striped parking lot in front and a gravel lot behind the building. A significant value-add opportunity exists with an additional 2,800 square feet of fenced storage space located in a garage behind the main building. Currently, a portion of the building is available for lease, with a minimum divisible space of 20,000 square feet. This presents a rare chance to acquire a substantial retail space in a high-traffic area with strong potential for growth and diverse tenant possibilities. The APN is 15261.1907.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1978
Total area 2,800 SF
Lot 4.94 ac (215,186 SF)
APN 15261.1907
UPID US90-1294571
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
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$667k
Blend (final) Blend
$700k
Owner & transaction history
Yokes Foods INC · 14 yrs held
Yokes Foods INC
since 2011
2 recorded transactions
2011
Price N/A
1998
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $670,000 +76.3%
Medical building $610,000 +59.6%
Auto repair, garage $530,000 +38.9%
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