16001 Broadway Ave Spokane Valley, WA 99037
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.