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    16001 Broadway Ave Spokane Valley, WA 99037

    For Lease
    $22 SF/Yr ($13,964 /Mo)

    Prime Retail Location, High Traffic Area

    Lot size:
    7,617 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7,617 square foot single-tenant building, constructed in 2023, presents a unique opportunity for businesses seeking high visibility and accessibility. Situated on 1.23 acres of land (APN 45131.0601), the property boasts a prime location within a major retail hub, ensuring significant foot traffic and brand exposure. Neighboring prominent national retailers such as Walmart, Kohl's, Lowe's, and PetSmart, this property benefits from the established customer base and high traffic volume of this thriving commercial area. The building's classification as both retail and traditional office space offers flexibility for a variety of business types. High daily traffic counts are recorded on both Sullivan Avenue (46,000 ADT) and East Broadway Avenue (26,000 ADT), guaranteeing substantial visibility for your business. The property's modern construction and single-tenant occupancy provide a clean slate for immediate operation, minimizing initial setup costs and maximizing efficiency. This is an unparalleled opportunity to establish a strong presence in a high-demand retail corridor. The property is categorized as a traditional office space and retail space, offering versatility for various business needs. The building's single-tenant occupancy ensures exclusive use and control of the entire 7,617 square foot space.

    Property Features for 16001 Broadway Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,617 SF
    Total Rate
    13964.5

    Building Details

    Year Built
    2023
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    7,617 SF
    Rate per SF
    $22

    HighLights

    • 7,617 square foot retail and office space.
    • Single‑tenant occupancy.
    • Located in a major retail hub.
    • Adjacent to Walmart, Kohl's, Lowe's, and PetSmart.
    • High traffic area with N Sullivan Ave boasting 46,000 ADT and E Broadway Ave showing 26,000 ADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.1892774
    Latitude
    47.6647697

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail Location, High Traffic Area
    Where is this office property / space located?
    The property is located at 16001 Broadway Ave Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 7,617 square foot retail and office space.; Single-tenant occupancy.; Located in a major retail hub.
    Request Owner's contact information
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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
    16001 Broadway Ave Spokane Valley, WA 99037
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