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    1309 Lawson St Airway Heights, WA 99001-5820
    Property profile & analytics

    1309 Lawson St, Airway Heights, WA 99001-5820

    View on Map
    • Retail space
    • 3,360 SF
    • 0.86 lot acres
    Off-Market
    Property ID
    US90-0937581
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1309 Lawson St

    Year built
    1991
    Construction
    STEEL FRAME
    Lot size
    0.86 lot acres
    Property type
    Retail space
    APN
    15234.2718
    APU
    152342718

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2000 $212,000 Tubbs Family Investments LLC Tubbs,tommy & Wen H Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Airway Heights
    County
    Spokane
    State
    Washington
    Longitude
    -117.587
    Latitude
    47.6437
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,310
    $75,250
    $217,500
    $292,750
    -
    $75,250
    $217,500
    $292,750

    Comparable in this City

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      $1,165,000
      7,360 SF

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    • Value Estimation
      $26,750,000
      164,522 SF

      1221 Hayford Rd

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $1,825,000
      9,200 SF

      10833 2nd Hwy

      RETAIL STORES (PERSONAL SERVICES)
      10833 2nd Hwy, Airway Heights, WA 99001
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    • Value Estimation by Request
      2,400 SF

      13011 14th Ave

      RETAIL STORES (PERSONAL SERVICES)
      13011 14th Ave, Airway Heights, WA 99001-9453
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    • Value Estimation
      $1,415,000
      7,028 SF

      10829 2nd Hwy

      RETAIL STORES (PERSONAL SERVICES)
      10829 2nd Hwy, Airway Heights, WA 99001
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    • Value Estimation by Request
      2,024 SF

      13220 Sunset Hwy

      RETAIL STORES (PERSONAL SERVICES)
      13220 Sunset Hwy, Airway Heights, WA 99001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      49,410 SF

      Former Grocery Store in Airway Heights

      High-visibility commercial property suitable for retail, restaurant, or bar.
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      Airway Heights Retail Redevelopment Opportunity

      45,983 SF retail building on 4.88 acres for sale.
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      49,410 SF

      Former Grocery Store with Potential

      Former grocery store with retail, restaurant, and bar potential.
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    • $1,500,000

      Established Restaurant with High Visibility

      Profitable restaurant with expansion potential on a large lot.
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    • New
      $1,099,000
      11,980 SF

      Airway Heights Commercial Opportunity

      Updated commercial property near Spokane, ideal for various business ventures.
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      2,845 SF

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      Single-tenant NNN Zip’s Drive-In with over 14 years remaining.
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    Similar Nearby for Lease

    • $0.05 SF/Yr

      Secured Land Near Highway 2

      Graveled, fenced land near Hwy 2, suitable for industrial use.
      12032 W 21St Ave, Airway Heights, WA 99001
      View Details
    • Contact for pricing
      202,800 SF

      Airway Heights Warehouse Space Available

      202,800 SF warehouse/industrial space in Airway Heights, Washington.
      11603 West Mcfarlane Rd, Airway Heights, WA 99001
      View Details
    • Contact for pricing

      Airway Heights Flex Space Available

      Flex space with fenced yard and highway frontage for lease.
      13216 W Sunset Hwy, Airway Heights, WA 99001
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      12,000 SF

      Airway Heights Warehouse Space Available

      12,000 SF warehouse space for lease in Airway Heights.
      1100 S Garfield St, Airway Heights, WA 99001
      View Details
    • Contact for pricing
      11,867 SF

      West Spokane Industrial Park Suites

      Industrial park suites available for rent in West Spokane.
      13026 W Mcfarlane Rd, Airway Heights, WA 99001
      View Details
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    1309 Lawson St
    Airway Heights, WA 99001-5820
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1309 Lawson St, Airway Heights, WA, 99001
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