Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,220,000
Distribution centers
1528 Hayford Rd Airway Heights, WA 99001-9404
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1265807
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Total area
39,622 SF
Lot
5.64 ac (245,700 SF)
APN
15251.0148
UPID
US90-1265807
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
$6.15M
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.22M
Owner & transaction history
Agnl Bakery L P · 5 yrs held
Agnl Bakery L P
since 2021
Last sale
$5.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.8M
+64.3%
Industrial (general)
$7.1M
+49.7%
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
$5,650,000
ML approach
$6,145,000
CAP Approach
CAP Return
Estimation
6%
$4,315,000
6.5%
$3,980,000
7%
$3,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,765,000
Current use
AUTO REPAIR, GARAGE
$7,830,000
Change: +64% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,130,000
Change: +50% · Conversion: Easy
Blend value · Realmo final
$5.22M
Range $4.70M – $5.74M · ±10% · vs last sale $5.17M (Jul 20 2021)
Last sale anchor
$5.17M
Jul 20 2021
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
$132 / 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
$24,101
Tax year 2023
Assessed value
$3,068,350
Assessed 2024
Previous assessed
$2,177,650
+40.9% YoY
Effective rate
0.79%
On assessed value
Assessed land
$614,250
Assessed improvement
$2,454,100
Land market value
$614,250
Improvement market value
$2,454,100
Total market value
$3,068,350
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
2
Stories
1
Total area
39,622 SF
Lot
5.64 ac (245,700 SF)
APN
15251.0148
UPID
US90-1265807
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
WAREHOUSE, STORAGE Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2002
Heating
NONE
Stories
1
Buildings
2
Lot
5.64 ac
Current owner
From public records · entity-resolved
Agnl Bakery L P
Individual
Mailing address
245 PARK AVE FL, NEW YORK, NY 10167-0002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2021
—
Agnl Baker LP
—
Deed
related
$63,150,000 · Dbr Investments Co Limited
Jul 20, 2021
$5,166,666
Agnl Bakery L P
Fresh Foods Corporation Of America
Bargain And Sale Deed
—
Jul 20, 2021
—
Fresh Foods Corporation Of America
Agni Bakery LP
Lease
—
Mar 27, 2020
$2,000,000
Fresh Foods Corp Of America
Us Pies Realty LLC
Grant Deed
—
Oct 30, 2017
—
Us Pies Realty LLC
—
Deed
related
$1,035,494 · Bank Of America
—
—
Us Pies Realty LLC
—
Deed Of Trust
related
$1,035,494 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1528 Hayford Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
