Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    110 W Cliff Dr Spokane, WA 99204
    Back to Search
    Property profile & analytics

    110 W Cliff Dr, Spokane, WA 99204

    View on Map
    • Office buildings
    • 128,489 SF
    • 3.08 lot acres
    For Lease
    $5,850,000
    View Listing →
    Available Office Suites for Lease For Lease
    $5,850,000
    7,080 SF

    Available Office Suites for Lease

    Office suites available for lease with spaces ranging from 5,754-7,080 SF.

    110 W Cliff Dr, Spokane, WA 99204
    View Listing
    Property ID
    US90-2750928
    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.
    Value Estimations
    $5,850,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AION Laboratories / Medical Laboratory
    • PAML - A Labcorp Company / Medical Laboratory / Laboratory

    Property Details for 110 W Cliff Dr

    Year built
    1970
    Lot size
    3.08 lot acres
    Property type
    Office buildings
    APN
    35194.2129
    APU
    351942129

    Description

    This single-story, 70,274 square foot medical office building, situated on 3.08 acres in Spokane, WA, presents a unique investment opportunity. Built in 1970 and renovated in 2001, the property is located at 110 W Cliff Dr, Spokane, WA 99204 (APN 35194.2129). The building features multiple tenancies and offers a total of approximately 19,878 square feet of immediately available space, divisible into three suites. Suite 410 encompasses approximately 5,754 square feet, Suite 420 offers approximately 4,578 square feet, and Suite 430 provides approximately 9,546 square feet. These suites can be combined to accommodate larger tenants requiring up to the full 19,878 square feet. The property's location in Spokane County offers excellent access to major transportation routes and a strong patient base. Interested parties should inquire about lease rates and net, net, net (NNN) expenses. This property is ideal for medical practices seeking expansion or relocation opportunities in a well-established and convenient location. The building's history of successful medical tenancy speaks to its suitability for similar uses. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,850,000
      ML approach
      $5,850,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.414
    Latitude
    47.6465
    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
    $165,898
    $2,955,240
    $14,057,800
    $17,013,040
    -
    $2,955,240
    $14,057,800
    $17,013,040

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      713 4th Ave

      PROFESSIONAL BUILDING
      713 4th Ave, Spokane, WA 99204
      View Details
    • Value Estimation by Request
      224 SF

      705 7th Ave Ste F

      OFFICE BUILDING
      705 7th Ave Ste F, Spokane, WA 99204-2836
      View Details
    • Value Estimation
      $1,020,000
      7,500 SF

      902 14th Ave

      PROFESSIONAL BUILDING
      902 14th Ave, Spokane, WA 99204-3843
      View Details
    • Value Estimation by Request
      0.17 Acres

      911 5th Ave

      PROFESSIONAL BUILDING
      911 5th Ave, Spokane, WA 99204-2901
      View Details
    • Value Estimation by Request
      0.17 Acres

      917 5th Ave

      PROFESSIONAL BUILDING
      917 5th Ave, Spokane, WA 99204-2901
      View Details
    • Value Estimation by Request
      1,248 SF

      1508 6th Ave

      OFFICE BUILDING
      1508 6th Ave, Spokane, WA 99204-3409
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,690 SF

      Historic Spokane Mansion Flexible Workspace

      Unique office spaces in a historic South Hill mansion.
      703 W 7Th Ave, Spokane, WA 99204
      View Details
    • Contact for pricing
      72,289 SF

      NNN Property For Sale

      NNN property with 100+ units, backed by McKesson.
      427 S Bernard St, Spokane, WA 99204
      View Details
    • $425,000
      3,130 SF

      South Hill Spokane Duplex

      Charming 1908 duplex with investment potential in desirable location.
      511 W 14Th Ave, Spokane, WA 99204
      View Details
    • $425,000
      Pending

      Spokane Duplex with Rental History

      Well-maintained duplex with long-term tenants and classic architectural features.
      1216 W 11Th Ave, Spokane, WA 99204
      View Details
    • Contact for pricing
      42,500 SF

      Mixed-Use Property in South Hill

      Mixed-use property with retail and apartments in Spokane's South Hill.
      507 S Howard St, Spokane, WA 99204
      View Details

    Similar Nearby for Lease

    • $500 /Mo

      Office Space Near Medical District

      Office suites available in historic Marycliff Hall near downtown.
      707 W 7Th Ave, Spokane, WA 99204
      View Details
    • Contact for pricing
      7,080 SF

      Spokane Office/Medical Space Available

      Office and medical space available for lease in Spokane, WA.
      110 W Cliff Dr, Spokane, WA 99204
      View Details
    • Contact for pricing

      Available Office Suites for Lease

      Office suites available for lease with spaces ranging from 5,754-7,080 SF.
      110 W Cliff Dr, Spokane, WA 99204
      View Details
    • Contact for pricing
      1,740 SF

      Medical Office Space For Rent

      Five-story medical office building in a flourishing medical corridor.
      601 W 5Th St, Spokane, WA 99204
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Located in the Hospital District, near multiple medical centers.
      601 W 5Th Ave, Spokane, WA 99204
      View Details
    • Contact for pricing

      Spokane Office/Retail Space Available

      Flexible space in central Spokane, ideal for various business uses.
      327 W 8Th Ave, Spokane, WA 99204
      View Details
    View Listing
    Request Owner's contact information
    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.
    110 W Cliff Dr
    Spokane, WA 99204
    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
    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

    Thank You for Inquiry
    110 W Cliff Dr, Spokane, WA, 99204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!