Specialized Medical Facility For
5511 E 3rd Ave, Spokane Valley, WA 99212
For Sale
Contact for pricing
Commercial facility configured for medical and pharmaceutical operations.
Property Size11,970 SF
Price / SF$267.34
Days on Market233
Property Features for 5511 E 3rd Ave
General Information
Standard status
Size
Class
Property subtype
Lease Type
Listing Agency:
Hawkins Edwards
Listed By:
Christopher Edwards · License WA #129418
(206) 475-5578
Source:
Crexi
Added: Mar 23
Changed: Nov 1
Last Checked: Nov 10 at 9:04AM
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 Hawkins Edwards
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Investment Insights
Based on property information with market context.
This specialized commercial facility is configured for medical and pharmaceutical operations. It includes a sterile clean-room environment designed for compounding and preparation of specialty medications. The property offers an opportunity to acquire a healthcare facility with infrastructure suitable for specialty pharmacy, medical laboratory, infusion services, or other regulated life-science uses. The building is designed to support operations requiring controlled environments, specialized HVAC systems, and secure pharmaceutical handling. It is suited for companies operating in the specialty pharmacy, biotech, and healthcare services sectors. The property has a size of 11970 square feet.
Key Highlights
- Specialized commercial facility configured for medical and pharmaceutical operations.
- Includes a sterile clean‑room environment designed for compounding and preparation of specialty medications.
- Infrastructure suitable for specialty pharmacy, medical laboratory, infusion services, or other regulated life‑science uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,059
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,681,180
$2.7M
Cap Rate 7%
$1,915,129
$1.9M
Cap Rate 9%
$1,489,544
$1.5M
Market Conditions
NOI Build-Up for 11,970 SF
Gross rent
$244.2K $20.40/SF
− Vacancy
−$20.8K −$1.73/SF
EGI
$223.4K $18.67/SF
− OpEx
−$89.4K −$7.47/SF
NOI
$134.1K $11.20/SF
Area
Spokane Valley, WA
Vacancy
8.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,681,180
Cap Rate 7%
$1,915,129
Cap Rate 9%
$1,489,544
Alternative Uses
Best Use
Healthcare Medical
$1.92M
$1.68M – $2.23M
NOI $134,059 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$1.83M
$1.60M – $2.14M
NOI $128,199 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$2.60M
$2.28M – $3.03M
NOI $182,021 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
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Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical center - Commercial facility configured for medical and pharmaceutical operations.
Where is this medical center located?
The property is located at 5511 E 3rd Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Specialized commercial facility configured for medical and pharmaceutical operations.; Includes a **sterile clean‑room environment** designed for compounding and preparation of specialty medications.; Infrastructure suitable for specialty pharmacy, medical laboratory, infusion services, or other regulated life‑science uses.
