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    Property profile & analytics

    5105 3Rd Ave Spokane Valley, WA 99212

    • Banks
    • 6,400 SF
    • 0.99 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimation
    $895,000
    Last Sale
    Jun 05, 2020
    $1,100,000
    Location Intelligence
    Property ID
    US90-1379418
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Albrecht Law PLLC / Law Firm / Personal Injury Attorney
    • Terry Wiyrick NMLS# 190050 - Churchill Mortgage / Mortgage Lender
    • BleedZone / Bicycle Repair Shop / E-Commerce Service
    • Rose Krieger NMLS# 1376145 - Churchill Mortgage / Mortgage Lender / Loan Agency

    Property Details for 5105 3Rd Ave

    Year built
    1961
    Lot size
    0.99 lot acres
    Property size
    6,400 SF
    Property type
    Banks
    APN
    35231.9012
    APU
    352319012

    Description

    This exceptional office property, located at 5105 E 3rd Ave in Spokane Valley, WA 99212, offers a unique opportunity for businesses seeking flexible and adaptable workspace. The building, a Class B property constructed in 1961 and renovated in 1992, sits on a 0.99-acre lot and is zoned RC - Regional Commercial. Currently, there is 10,666 square feet of vacant space available, divisible into units as small as 9,640 square feet, with a maximum contiguous space of 1,026 square feet. The building's total square footage is not currently specified. Ample parking is provided with 33 spaces available for tenants and their guests. The property's location in Spokane Valley offers convenient access to major transportation routes and a variety of amenities. This is an ideal opportunity for a company seeking a well-maintained, adaptable office space in a thriving Spokane Valley location. The property's traditional office layout provides a classic and functional workspace, perfect for a variety of business needs. The zoning allows for a range of commercial uses, making this a versatile option for prospective tenants. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $765,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $930,000
      7%
      $1,110,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $925,000
      Geo Method
      $875,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,040,000
      Retail
      $965,000
      Mixed-Use
      $865,000
      Hospitality
      $1,125,000
      Educational
      $885,000
      Residential Income
      $1,055,000
      Energy
      $1,030,000
      Income-Based Land
      $915,000
      Food Service
      $1,025,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.336
    Latitude
    47.6549
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $12,590
    $257,650
    $920,200
    $1,177,850
    -
    $257,650
    $920,200
    $1,177,850

    Comparable in this City

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      505 Argonne Rd

      FINANCIAL BUILDING • 5,621 SF
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    • Value Estimation
      $1,385,000
      0.52 Acres

      1050 Argonne Rd

      FINANCIAL BUILDING • 0.52 Acres
      1050 Argonne Rd, Spokane Valley, WA 99212-6011
      View Details
    • Value Estimation
      $375,000
      306 SF

      5111 Trent Ave

      FINANCIAL BUILDING • 306 SF
      5111 Trent Ave, Spokane, WA 99212-1351
      View Details

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    5105 3Rd Ave
    Spokane Valley, WA 99212
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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
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