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Property profile & analytics
FOR SALE
Hotels
13504 W Sunset Hwy, Airway Heights, WA 99001
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1036360
For Sale
1 / 45
$1,395,000
13504 W Sunset Hwy, Airway Heights, WA 99001
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1947
Total area
4,268 SF
Lot
0.43 ac (18,800 SF)
APN
15233.0711
UPID
US90-1036360
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
Black Coral Project LLC · 8 yrs held
Black Coral Project LLC
since 2018
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
$2,442
Tax year 2023
Assessed value
$309,500
Assessed 2024
Previous assessed
$238,600
+29.7% YoY
Effective rate
0.79%
On assessed value
Assessed land
$56,400
Assessed improvement
$253,100
Land market value
$56,400
Improvement market value
$253,100
Total market value
$309,500
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
1947
Heating
FORCED AIR
Buildings
2
Stories
1
Units
12
Bathrooms
2
Total area
4,268 SF
Lot
0.43 ac (18,800 SF)
APN
15233.0711
UPID
US90-1036360
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
1947
Heating
FORCED AIR
Stories
1
Buildings
2
Units
12
Bathrooms
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Black Coral Project LLC
Entity
Mailing address
669 S HELENA ST, SPOKANE, WA 99202-3352
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2022
—
Robert S Nyberg
—
Deed
related
$20,000 · David Atherion
May 5, 2022
—
Black Coral Project LLC
—
Deed
related
$600,000 · Donald R Dammel Etux
Jun 25, 2018
—
Robert Nyberg
—
Deed
related
$24,780 · Elizabeth Szombathy
Jun 22, 2018
$330,000
Black Coral Project LLC
Claude A Hiciks
Warranty Deed
$350,000 · Crescent Height Capital
Apr 12, 2018
—
Claude A Hicks
—
Deed
related
$400,000 · Ga One Properties LLC
Oct 15, 2001
$162,971
Claude A Hicks
Nichols,robert G & Mary E
Grant Deed
$99,800 · Cls Mortgage INC
—
—
Robert Nyberg
—
Deed Of Trust
related
$24,780 · Elizabeth Szombathy
—
—
Claude A Hicks
—
Deed Of Trust
related
$400,000 · Ga One Properties LLC
—
—
Claude A Hicks
—
Deed Of Trust
related
$145,400 · Global FCU
—
—
Robert G Nichols
—
Deed Of Trust
related
$193,484 · Inland Northwest 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.
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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