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    601 W 5Th St Spokane, WA 99022

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    For Lease
    $22 SF/Yr ($9,843 /Mo)

    Five-story medical office building in a flourishing medical corridor.

    Property size:
    5,369 SF
    Lot size:
    1.22 Acres

    Property Features for 601 W 5Th St

    General Information

    Size
    5,369 SF
    Lot size
    1.22 Acres

    Source: Goodale & Barbieri Company Agent Cory Barbieri

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

    Overview

    Medical Office Space For Rent

    This five-story medical office building is situated in a thriving medical corridor, specifically within the Hospital District and accessible via a bus line. The property is adjacent to Deaconess Medical Center, located one block east of Shriner’s Hospital for Children, and one mile west of both Providence Sacred Heart Medical Center & Children’s Hospital and St. Luke’s Rehabilitation Institute. It also offers convenient freeway access. The available space on the 1st floor measures approximately 5,369 square feet. The asking rate is $26.00 per square foot, offered as a full-service lease. A tenant improvement allowance of $50 per square foot is available for a 5-year deal, along with 3 months of free rent, excluding the construction term. Tax IDs for the property are 35191.4207 and 35191.4208.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Hair Salon Building Supply Clothing Store Food Market Grocery Store Realty agency Furniture Store Convenience Store Cafe & Coffee Shop

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

    Similar Places Nearby

    Dutton Heather D DVM, Medical Lake Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.68961
    Latitude
    47.578664

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    FAQs

    What type of property is this?
    Medical office - Five-story medical office building in a flourishing medical corridor.
    Where is this medical office located?
    The property is located at 601 W 5Th St Spokane, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in a flourishing medical corridor within the Hospital District.; - Adjacent to Deaconess Medical Center and near other major hospitals.; - Generous tenant improvement allowance of $50/SF on a 5-year deal, plus 3 months free rent.
    (509) 999-9324
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    601 W 5Th St Spokane, WA 99022
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    Spokane, WA 99022
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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
    601 W 5Th St Spokane, WA 99022
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