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    5505 Regal St Spokane, WA 99223

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Spokane medical office, ample space.

    Lot size:
    39,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant medical office building, located at 5505 S Regal St, Spokane, WA 99223, offers 39,700 total square feet on a 2.33-acre lot in Spokane County. Currently, 35,040 square feet is available for lease, presenting a significant opportunity for a medical practice seeking expansive space. The property is classified as both retail and office, and specifically designated as a medical office building, making it ideally suited for a variety of healthcare uses. Its single-tenant configuration provides a unique opportunity for a large practice or a business seeking a substantial footprint. The building's substantial size and prominent location in Spokane, Washington offer excellent visibility and accessibility for patients and staff. The property's ample square footage allows for significant expansion or customization to meet specific operational needs. This is a rare opportunity to secure a large, well-situated medical office building in a thriving Spokane County market. The property's location provides easy access to major transportation routes, ensuring convenient commutes for both employees and clients. Interested parties are encouraged to inquire for further details and leasing information. The property is available for lease.

    Property Features for 5505 Regal St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,700 SF
    Total Rate
    49625

    Unit(s) available at that property

    Space
    Available Space
    Size
    35,040 SF
    Rate per SF
    $15

    HighLights

    • 35,040± SF building.
    • 2.33± acre lot (102,890± SF).
    • On‑site fitness center.
    • Excellent street access.
    • Prime South Hill location on Regal Street.
    • 48± parking spaces at street level.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    County
    Spokane
    State
    Washington
    Longitude
    -117.3681947
    Latitude
    47.6037607

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    FAQs

    What type of property is this?
    Medical office - Prime Spokane medical office, ample space.
    Where is this medical office located?
    The property is located at 5505 Regal St Spokane, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 35,040± SF building.; 2.33± acre lot (102,890± SF).; On-site fitness center.
    Request Owner's contact information
    5505 Regal St Spokane, WA 99223
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    Spokane, WA 99223
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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
    5505 Regal St Spokane, WA 99223
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