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    324 S Sherman St Spokane, WA 99202

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    For Sale
    $8,600,000

    Two-building medical property in University District, Spokane, Washington.

    Property size:
    21,895 SF
    Lot size:
    1.18 Acres

    Property Features for 324 S Sherman St

    General Information

    Size
    21,895 SF
    Lot size
    1.18 Acres

    Source: Kiemle Hagood Agent Steve Mc Intosh

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

    Overview

    University District Medical Building ForSale

    This property features two buildings with a total of 20,695 square feet of net rentable space. The main building provides 18,160 square feet, while the aesthetics spa building offers 2,535 square feet. Situated on a 1.34-acre site, the property is located in the University District. The current owner, Spokane Dermatology and Werschler Aesthetics, intends to sell and lease back a majority of the premises. The dermatology practice has been established for a long time and is highly respected.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Virtual Dermatologic Software Company PawDoc Software Company Spokane Dermatology Clinic Dermatologist Premier Clinical Research Pharmaceutical Company 3rd and Sherman Allergy Allergist

    Suggested Use

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

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

    Similar Places Nearby

    PawDoc, Cat's Meow Feline Veterinary Clinic, Brenda R. Day - Cat's Meow Feline Vet Clinic, Kevin Kaiser, DVM, DACVO, Vetrenary Learning Center

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4033578
    Latitude
    47.6528767

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    FAQs

    What type of property is this?
    Medical office - Two-building medical property in University District, Spokane, Washington.
    Where is this medical office located?
    The property is located at 324 S Sherman St Spokane, WA.
    What is the asking price?
    The asking price for this property is $8,600,000.
    What are key features of this property?
    This property features: - Investment opportunity with established tenants leasing back a majority of the premises.; - Substantial net rentable area of 20,695 SF across two buildings.; - Large 1.34-acre site in the University District.
    (509) 755-7546
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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
    324 S Sherman St Spokane, WA 99202
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