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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Retail properties & Spaces
1823 Garfield Rd Airway Heights, WA 99001-9710
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-0665988
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2019
Total area
20,000 SF
Lot
4.85 ac (211,200 SF)
APN
15252.0134
UPID
US90-0665988
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
$1.53M
Blend (final)
Blend
$1.55M
Owner & transaction history
Ellis & Smith LLC · 7 yrs held
Ellis & Smith LLC
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±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
$77 / 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
$10,995
Tax year 2023
Assessed value
$1,399,000
Assessed 2024
Previous assessed
$1,245,300
+12.3% YoY
Effective rate
0.79%
On assessed value
Assessed land
$158,400
Assessed improvement
$1,240,600
Land market value
$158,400
Improvement market value
$1,240,600
Total market value
$1,399,000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
1
Total area
20,000 SF
Lot
4.85 ac (211,200 SF)
APN
15252.0134
UPID
US90-0665988
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
4.85 ac
Current owner
From public records · entity-resolved
Ellis & Smith LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 186, AIRWAY HEIGHTS, WA 99001-0186
Mailing matches property
Yes
Owner-occupied
Yes
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
Jun 8, 2020
—
Ellis & Smith LLC
—
Deed
related
$623,200 · Washington Tr Bk
Sep 17, 2019
—
Ellis & Smith LLC
—
Deed
related
$1,246,400 · Washington Trust Bank
Mar 1, 2019
—
Ellis & Smith LLC
Smith,michael L
Quit Claim Deed
related
—
Nov 4, 2016
$230,000
Michael L Smith
Allwest Investment Group LLC
Warranty Deed
—
Jul 22, 2015
—
Allwest Investment Group LLC
Lemke Living Trust
Warranty Deed
—
—
—
Ellis & Smith LLC
—
Deed Of Trust
related
$643,000 · Northwest Busn Dev Assn
—
—
Ellis & Smith LLC
—
Deed Of Trust
related
$623,200 · Washington Tr Bk
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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