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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Grocery and convenience stores
1418 Garfield Rd Airway Heights, WA 99001-9706
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-3350472
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1995
Construction
STEEL FRAME
Total area
2,911 SF
Lot
1 ac (43,560 SF)
APN
15252.0202
UPID
US90-3350472
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
$545k
Comparable Approach
Comparable
$376k
Blend (final)
Blend
$570k
Owner & transaction history
Par Hawaii LLC · 6 yrs held
Par Hawaii LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$390,000
+247.6%
Commercial (general)
$350,000
+213.0%
Auto repair, garage
$350,000
+210.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$390,000
Change: +248% · Conversion: Moderate
COMMERCIAL (GENERAL)
$350,000
Change: +213% · Conversion: Easy
AUTO REPAIR, GARAGE
$350,000
Change: +210% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$196 / 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
$5,770
Tax year 2023
Assessed value
$733,460
Assessed 2024
Previous assessed
$715,660
+2.5% YoY
Effective rate
0.79%
On assessed value
Assessed land
$261,360
Assessed improvement
$472,100
Land market value
$261,360
Improvement market value
$472,100
Total market value
$733,460
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,911 SF
Lot
1 ac (43,560 SF)
APN
15252.0202
UPID
US90-3350472
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
OFFICE BUILDING
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$350,000
AUTO REPAIR, GARAGE
Est. value
$350,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Par Hawaii LLC
Entity
Free & Clear · 6 yrs held
Mailing address
825 TOWN AND COUNTRY LN STE #1500, HOUSTON, TX 77024-2235
Ownership since
2019
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
Aug 30, 2019
—
Par Hawaii LLC
Par Hawaii INC
Quit Claim Deed
—
Mar 27, 2018
$607,640
Par Hawaii INC
Chs INC
Bargain And Sale Deed
—
May 13, 2010
—
Chs INC
Cenex Petroleum INC
Quit Claim Deed
related
—
May 2, 2008
$883,389
Cenex Petroleum INC
Jo-by Ents LLC
Warranty Deed
—
Aug 15, 2006
$543,928
Jo-by Ents LLC
Armacost,ronald R
Warranty Deed
—
Jun 28, 2004
—
Ronald R Armacost
Bishop,mary
Grant Deed
$1,855,000 · Wells Fargo Bank
Dec 19, 1997
—
Maid Oclover South INC
—
Deed Of Trust
related
$6,666,666 · Amresco Commercial Lending
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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