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    15920 E Indiana Ave Spokane Valley, WA 99216

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    For Sale
    $7,400,000

    Well-maintained medical office building with freeway signage and flexible zoning.

    Property size:
    27,668 SF

    Property Features for 15920 E Indiana Ave

    General Information

    Size
    27,668 SF

    Building Details

    Year built
    2005

    Source: Danny Patterson Agent Danny Patterson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Medical Office Building

    This Class A medical office building, constructed and owned by a premier builder, presents a strong investment opportunity. The property is situated with prominent freeway signage, offering convenient access to Spokane, Spokane Valley, and Liberty Lake. The building has been meticulously maintained, with brand-new interior and exterior paint completed in 2024. The construction type is steel frame with concrete docks and a brick and ground face stone exterior. A pylon sign is present. The property has flexible mixed-use zoning. An anchor tenant has invested over $2 million into this property. The building has 131 parking stalls, a ratio of 5.6 per 1000 square feet. The building is 92.5% occupied. Suite 201 offers 1,927 SF and Suite 103 offers 7,374 SF. The property is a two-story building with a total size of 27,668 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stepping Stones - East Medical Group Brenda S. Houmard, ... Fertility Physician Midas Gold Inc Store Humanix Employment Agency Seattle Reproductive Medicine ... Fertility Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    VetIQ Petcare, Petco Vaccination Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.1907295
    Latitude
    47.6687445

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    FAQs

    What type of property is this?
    Medical office - Well-maintained medical office building with freeway signage and flexible zoning.
    Where is this medical office located?
    The property is located at 15920 E Indiana Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $7,400,000.
    What are key features of this property?
    This property features: - 92.5% Occupied with available suites for lease; - **Class A Medical Office building, meticulously maintained with recent 2024 interior and exterior paint**; - Anchor tenant has invested over $2 million into the property
    (509) 209-7455
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    15920 E Indiana Ave Spokane Valley, WA 99216
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15920 E Indiana Ave Spokane Valley, WA 99216
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