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Property profile

12615 E Mission Ave Spokane Valley, WA 99216

FOR LEASE
Medical Office Space
Property ID
US90-0098159
34,218 SF 2.15 ac lot Built 1974
Last sale Feb 2006 · $5,500,000
Trust Owned Owner of record is a trust. 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated 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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$44k
Tax billed · 2023
Assessed value · 2024$4.71M
Assessed land$1.22M
Assessed improvement$3.49M
Effective rate0.94%

Value estimate

· Oct 2026
$2.73M
$2.46M – $3.00M
Submarket $/SF estimate$3.70M
NOI build-up
Gross scheduled income$23k
Vacancy & credit loss−$3k
Operating expenses−$5k
NOI · 66,354.55% cap applied$15k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$203/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$98 – $258

Cap rate analysis

How does the asset earn?
66,354.55%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant22.2
Auto Parts Store18.8
Law Firm15.7

Location

12615 E Mission Ave Spokane Valley, WA 99216
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14820 4th, Spokane Valley, WA 99216-2165 $12,500,000 Oct 2024 56,359 SF
1204 Vercler, Spokane Valley, WA 99216-1020 $21,757,657 Jan 2022 21,502 SF
1424 Mcdonald, Spokane Valley, WA 99216-6017 $7,943,000 Aug 2021 19,197 SF
16009 Indiana, Spokane Valley, WA 99216-1813 $7,771,429 Apr 2021 13,076 SF
16212 Indiana, Spokane Valley, WA 99216-2453 $554,943 Oct 2020 11,884 SF
16010 Indiana, Spokane Valley, WA 99216-1813 $653,400 Jan 2019 23,266 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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