Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spokane Valley Office Space Available Title is generated by Realmo AI

    15407 E Mission Ave, Spokane Valley, WA 99037

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr $11,387/Mo (calc)

    Office space for lease in Spokane Valley location.

    Type:Interstate Professional Plaza
    Property size:
    9,110 SF
    Added:
    Nov 21, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 10:27 pm

    Property Features for 15407 E Mission Ave

    General Information

    Standard status
    Active
    Size
    9,110 SF
    Property subtype
    Interstate Professional Plaza

    Spaces For Lease

    at 15407 E Mission Ave Contact us

    We can help!

    Listing Contact
    Jon Jeffreys, SIOR

    Listing agent Jon Jeffreys, SIOR

    Listing office

    Listing date Nov 21, 2025

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of Jon Jeffreys, SIOR

    HighLights

    • Excellent Spokane Valley Location
    • Great Access to I‑90
    • On‑Site Parking Available (4/1,000)
    • Suite 425: 1,629 SF +/-
    • Located on the corner of Sullivan Road and Mission Avenue
    • Nearby Businesses: Mirabeau Park Hotel & Convention Center, Spokane Valley Mall, Walmart, Best Buy, Barnes & Noble

    Overview

    Available for lease is an office space located at the corner of Sullivan Road and Mission Avenue in Spokane Valley, Washington. The property has a lot size of approximately 24,606 square feet. On-site parking is available at a ratio of 4 spaces per 1,000 square feet. The location provides access to I-90 and is near the Mirabeau Park Hotel & Convention Center, Spokane Valley Mall, Walmart, Best Buy, Barnes & Noble, and other businesses. Suite 425 offers approximately 1,629 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Absolute Smile Design Dental Office New Horizon Counseling ... Crisis Center Jana Ross, LMHC Counselor Jan Vetter Counseling Crisis Center Gab Robins Insurance Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.197
    Latitude
    47.6672

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Spokane Valley - E Mirabeau Pkwy

      12709 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $12,000/Mo
      14,574 SF

      Spokane Valley Industrial Property Rental

      14,574 SF industrial property with warehouse and office space.
      10607 E Montgomery Dr, Spokane Valley, WA 99206
      View Details
    • $20 SF/Yr
      7,056 SF

      Retail/Office Space For Rent

      Retail and office spaces available for lease with high visibility.
      13221 E 32nd Avenue, Spokane Valley, WA 99216
      View Details
    • $18,000/Mo
      5,924 SF

      Restaurant & Sports Bar Sublease

      Fully equipped restaurant and sports bar available for sublease.
      14004 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • $7 SF/Yr
      16,000 SF

      Spokane Valley Warehouse Space Available

      16,000 SF warehouse space with office and easy access.
      3808 N Sullivan Rd, Spokane Valley, WA 99216
      View Details
    • $22 SF/Yr
      7,617 SF

      Retail/Office Space in Retail Hub

      7,617 SF retail/office space in high-traffic retail hub.
      16001 E Broadway Ave, Spokane Valley, WA 99037
      View Details
    • $25 SF/Yr
      11,884 SF

      Spokane Valley Office Space Available

      Office space in prime Spokane Valley location with freeway exposure.
      16212 E Indiana, Spokane Valley, WA 99216
      View Details
    • $18 SF/Yr
      1,620 SF

      Retail Space on Sprague Avenue

      Retail space available for lease on Sprague Avenue.
      5320 E Sprague Ave, Spokane Valley, WA
      View Details
    • $1,750/Mo
      25,800 SF

      Retail Space on Sprague Avenue

      Retail property for lease with high traffic volume.
      11510-11530 E Sprague, Spokane Valley, WA 99206
      View Details
    • $12 SF/Yr
      11,414 SF

      Spokane Valley Retail/Office Space

      Available retail/office spaces in Spokane Valley, ranging from 353± SF.
      122 N University Road, Spokane Valley, WA 99206
      View Details
    • $5,500/Mo
      4,000 SF

      Retail Space Near Major Retailers

      4,000 SF retail space with high-visibility frontage on Sprague Avenue.
      5428 E Sprague Avenue, Spokane Valley, WA 99212
      View Details
    • $1,411/Mo
      7,062 SF

      Retail Space Near WinCo

      Retail space available near WinCo and University Road.
      9827 E Sprague Ave, Spokane Valley, WA 99206
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease in Spokane Valley location.
    Where is this office units located?
    The property is located at 15407 E Mission Ave Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Excellent Spokane Valley Location; Great Access to I‑90; On‑Site Parking Available (4/1,000)
    (509) 622-3566
    We can help!
    Listing Contact
    Jon Jeffreys, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15407 E Mission Ave, Spokane Valley, WA 99037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!