Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12615 Mission Ave Spokane Valley, WA 99216

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Medical Office Space Available in Spokane Valley

    Lot size:
    36,820 SF

    Property Features for 12615 Mission Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,820 SF
    Total Rate
    61366.67

    Spaces For Lease

    at 12615 Mission Ave, Spokane Valley, WA 99216 Contact us
    Unit Suite 108

    $20 /Mo

    Size
    1,725 SF
    Contact us
    Unit Suite 101

    $20 /Mo

    Size
    992 SF
    Contact us
    Unit Suite 300

    $20 /Mo

    Size
    2,875 SF
    Contact us

    We can help!

    Listing Contact
    Jon Jeffreys
    Jon Jeffreys

    Listing Agency: NAI Black Listing Agent: Jon Jeffreys

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

    Learn more

    Property Insight Report

    Overview

    The Medicus Building, located at 12615 E Mission Ave in Spokane Valley, WA 99216, offers exceptional medical office space for lease. This multi-tenant building boasts a total of 36,820 square feet situated on a 2.15-acre lot in Spokane County. Currently, there are 5,062 square feet of vacant space available, divisible into units as small as 1,562 square feet. Larger contiguous spaces of up to 12,294 square feet are also available, providing flexibility for practices of various sizes. The building's classification as medical office ensures it meets the specific needs of healthcare professionals. Its convenient location in Spokane Valley offers easy access for patients and staff. The property is ideal for a variety of medical practices seeking modern, efficient, and well-located office space. Interested parties should inquire about available space and lease terms. The building's address is easily accessible via E Mission Ave, and its ample lot size provides convenient parking for patients and staff. The property is situated in Spokane County, Washington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peter Schlegel Physician Michael Coats, MD Physician Lake City Physical ... Physician Cindi L. Fuller, ... Family Counselor Medical Transportation Asstnc Department Of Transportation

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.2348132
    Latitude
    47.672256

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Spokane Valley - E Mirabeau Pkwy

      Workspaces, services and support to help you work better in John Hancock Center
      12709 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $25 SF/Yr
      2,230 SF

      Modern Office Space Available

      New office building with tenant improvement allowance and excellent parking.
      16009 East Indiana Ave, Spokane Valley, WA 99216
      View Details
    • $970 /Mo
      1,200 SF

      Freeway Frontage Office Space

      Office space with freeway frontage, available October 1, 2025.
      12704 E Nora Ave, Spokane Valley, WA 99016
      View Details
    • $15 SF/Yr
      3,000 SF

      Spokane Valley Office Space Available

      Office space for lease in Spokane Valley with I-90 frontage.
      10020-10102 E Knox Ave, Spokane Valley, WA 99016
      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
    • $20 SF/Yr
      7,056 SF

      Retail/Office Space For Rent

      Retail and office spaces available for lease with high visibility.
      13221 E 32Nd Ave, Spokane Valley, WA 99216
      View Details
    • $19 SF/Yr
      1,500 SF

      Retail Space Available For Rent

      Retail space available for lease in Spokane Valley, WA.
      15701-15703 E Sprague Ave, Spokane Valley, WA 99037
      View Details
    • $24 SF/Yr
      1,405 SF

      Spokane Valley Retail/Office Space

      Retail or office suites available in Spokane Valley location.
      604 S Sullivan Rd, Spokane Valley, WA 99037
      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
    • $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 Ave, Spokane Valley, WA 99212
      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 Ave, Spokane Valley, WA 99206
      View Details
    • $925,000
      2,314 SF

      Spokane Valley Office Space Available

      Commercial office space for lease in Spokane Valley.
      12308 E Broadway Ave, Spokane Valley, WA 99216
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available in Spokane Valley
    Where is this medical office located?
    The property is located at 12615 Mission Ave Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Located in Spokane Valley's Valley Medical District.; Across from MultiCare Valley Hospital.; Easy I-90 access.
    (509) 622-3566 Call to check price and availability
    Request Owner's contact information
    12615 Mission Ave Spokane Valley, WA 99216
    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.
    12615 Mission Ave
    Spokane Valley, WA 99216
    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
    12615 Mission Ave Spokane Valley, WA 99216
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Jeffreys
    Jon Jeffreys
    Real Estate License ID: JEFFRJJ153P
    (509) 622-3566
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!