Property profile

4212 W Sunset Blvd Spokane, WA 99224

FOR LEASE
Commercial real estate
Property ID
US90-3297268
15,131 SF 1.86 ac lot Built 1962
Entity Owned 20-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional single-tenant office building, formerly the headquarters of Dorian Studios, offers 19,925 square feet of versatile space at 4212 W Sunset Blvd, Spokane, WA 99224. Situated on a 2.93-acre lot, the property boasts 79 parking spaces, a significant advantage in a bustling urban area. Built in 1962 and extensively renovated in 2015, the single-story building features a flexible layout ideal for a variety of businesses. The space includes dedicated office areas, conference rooms, production space, a welcoming courtyard, and a convenient break room. The property benefits from three-phase power, ensuring sufficient capacity for demanding operations. Its location offers easy access to downtown Spokane, making it an attractive option for businesses seeking a blend of convenience and ample space. The property is zoned for Community Business use, offering flexibility for future development. The building's address is conveniently located near Rustle Street. The Spokane County Assessor's Parcel Number (APN) is 25262.0107. This property presents a unique opportunity for businesses seeking a well-maintained, spacious, and strategically located office building. The property is also available for sale.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1962
Total area 15,131 SF
Lot 1.86 ac (81,097 SF)
APN 25262.0107
UPID US90-3297268

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4212 W Sunset Blvd Spokane, WA 99224
Spokane metro Census 3800 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.78M
Comparable Approach Comparable
$2.41M
Blend (final) Blend
$755k

Owner & transaction history

since 2006
7 recorded transactions
2006
$2.5M
2004
$2.3M
2004
Price N/A
1996
$1.5M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $3.8M +55.0%
Medical building $3.6M +47.4%
Retail stores $3.5M +42.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message