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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Auto shops
2221 Garfield Rd Airway Heights, WA 99001-9026
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0497976
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1991
Total area
3,780 SF
Lot
4.63 ac (201,495 SF)
APN
15253.0164
UPID
US90-0497976
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
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.03M
Owner & transaction history
Williams S & P LLC · 4 yrs held
Williams S & P LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$945,000
+26.6%
Medical building
$900,000
+20.4%
Retail stores
$870,000
+16.5%
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
$900,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$745,000
Current use
OFFICE BUILDING
$945,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$900,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±10% · vs last sale $1.10M (Mar 11 2022)
Last sale anchor
$1.10M
Mar 11 2022
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
$272 / 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
$7,962
Tax year 2023
Assessed value
$1,012,620
Assessed 2024
Previous assessed
$744,920
+35.9% YoY
Effective rate
0.79%
On assessed value
Assessed land
$151,120
Assessed improvement
$861,500
Land market value
$151,120
Improvement market value
$861,500
Total market value
$1,012,620
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1991
Heating
NONE
Stories
1
Total area
3,780 SF
Lot
4.63 ac (201,495 SF)
APN
15253.0164
UPID
US90-0497976
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
AUTO REPAIR, GARAGE Current
Est. value
$745,000
OFFICE BUILDING
Est. value
$945,000
MEDICAL BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$870,000
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1991
Heating
NONE
Stories
1
Lot
4.63 ac
Current owner
From public records · entity-resolved
Williams S & P LLC
Entity
Mailing address
7715 SW THORNTON DR, WILSONVILLE, OR 97070-6547
Ownership since
2022
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
Dec 29, 2025
—
S & P LLC
—
Deed
related
$2,750,000 · Ffb Bank
Apr 27, 2023
—
Williams S&p LLC
—
Deed
related
$1,756,600 · Umpqua Bank
Mar 11, 2022
$1,100,000
Williams S & P LLC
Allwest Financial LLC
Warranty Deed
$825,000 · Selco Community Cu
Jun 3, 2020
—
Allwest Financial LLC
—
Deed
related
$300,000 · Equity Acquisitions LLC
May 12, 2017
$700,000
Allwest Financial LLC
Dsmm LLC
Warranty Deed
$650,000 · Dsmm LLC
Nov 24, 2010
$595,000
Dsmm LLC
Meco Property LLC
Warranty Deed
—
Oct 22, 2002
—
Meco Property LLC
Condon,mark & Carole
Quit Claim Deed
related
—
—
—
Meco Property LLC
—
Deed Of Trust
related
$200,000 · Washington Trust Bank
—
—
Allwest Financial LLC
—
Deed Of Trust
related
$300,000 · Equity Acquisitions LLC
—
—
Meco Property LLC
—
Deed Of Trust
related
$190,000 · Washington Trust 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.
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