Class A Medical Office
15920 E Indiana Ave Spokane Valley, WA 99016
For Sale
Contact for pricing
Pending
Class A medical office building with brand-new interior and exterior paint and prominent freeway signage.
Property Size27,668 SF
Days on Market674
Property Features for 15920 E Indiana Ave
General Information
Standard status
Pending
Size
27,668 SF
Property subtype
OFFICE
Listing Agency:
SVN Cornerstone LLC
(509) 209-7455
Listed By:
Danny Patterson · License ##114652
(509) 209-7455
Source:
Moodyscre
Added: Sep 24, 2024
Changed: Jul 27
Last Checked: Jul 29 at 1:45PM
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 SVN Cornerstone LLC
Investment Insights
Based on property information with market context.
This Class A medical office building is meticulously maintained and built by a premier builder. The property has brand-new interior and exterior paint completed this year, reflecting a cared-for appearance for professional tenants and visitors.
The building is located at 15920 E Indiana Ave in Spokane Valley, WA, with prominent freeway signage and convenient access to Spokane, Spokane Valley, and Liberty Lake.
Financial details are available upon signing a non-disclosure agreement (NDA).
The building is located at 15920 E Indiana Ave in Spokane Valley, WA, with prominent freeway signage and convenient access to Spokane, Spokane Valley, and Liberty Lake.
Financial details are available upon signing a non-disclosure agreement (NDA).
Key Highlights
- Class A medical office building
- Brand‑new interior and exterior paint completed this year
- Prominent freeway signage for visibility
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $564.4k | $20.40 |
| − Vacancy | −$48.0k | −$1.73 |
| EGI | $516.5k | $18.67 |
| − OpEx | −$206.6k | −$7.47 |
| NOI | $309.9k | $11.20 |
27,668 SF · lease $20.40/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.43M
$3.87M – $5.16M
NOI $309,871 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$4.23M
$3.70M – $4.94M
NOI $296,324 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,731 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- VetIQ Petcare — 15727 E Broadway Ave, Spokane Valley, WA 99037
Frequently Asked Questions
What type of property is this?
Medical Office Space - Class A medical office building with brand-new interior and exterior paint and prominent freeway signage.
Where is this medical office space 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: Class A medical office building; Brand‑new interior and exterior paint completed this year; Prominent freeway signage for visibility
