Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13221 E 32Nd Ave Spokane Valley, WA 99216

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13221 E 32Nd Ave Spokane Valley, WA 99216

    View on Map
    • Strip malls
    • 7,056 SF
    • 0.72 lot acres
    For Lease
    $1,210,000
    View Listing →
    Spokane Valley Retail/Office Space For Lease
    $1,210,000

    Spokane Valley Retail/Office Space

    Retail and office spaces available for lease in Spokane Valley.

    13221 E 32nd Ave, Spokane Valley, WA 99216
    View Listing
    Property ID
    US90-1642007
    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
    $1,210,000
    Cap Rate Potential
    7.4%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Dream Spa LLC / Alternative Medicine Practice / Spa & Massage Center
    • Brother's Office Pizzeria / Restaurant
    • The Good Esthetician llc / Hair Salon / Nail Salon
    • Urban Works Fireplace / Building Supply / Hardware & Home Improvement
    • Be Lovely Lash Co / Spa & Massage Center

    Property Details for 13221 E 32Nd Ave

    Year built
    2000
    Lot size
    0.72 lot acres
    Property size
    7,056 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    45274.2911
    APU
    452742911

    Description

    This exceptional 7,056 square foot commercial property, located at 13221 E 32nd Ave in Spokane Valley, WA 99216, presents a unique investment opportunity. Built in 2000, this multi-tenant building boasts a desirable location within Spokane County and sits on a spacious 1.47-acre lot. The property is zoned Commercial (C) and offers ample parking with 41 spaces available for tenants and visitors. Currently, there is 1,815 square feet of vacant space immediately available for lease, ideal for an executive office or medical practice. The building features robust 200 Amp, 3-phase power, ensuring sufficient capacity for various business needs. The property's classification as both retail and office space provides versatility and potential for a range of uses. Its convenient location in Spokane Valley offers easy access to major transportation routes and a thriving local community. This is a rare opportunity to secure a well-maintained, strategically located commercial property in a high-demand area. The available space is ready for immediate occupancy, providing a seamless transition for your business. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,045,000
      ML approach
      $1,105,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,295,000
      6.5%
      $1,195,000
      7%
      $1,110,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.226
    Latitude
    47.6282
    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
    $11,827
    $252,000
    $947,500
    $1,199,500
    -
    $252,000
    $947,500
    $1,199,500

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      13516 Sprague Ave

      SHOPPING CENTER, STRIP CENTER • 7,000 SF
      13516 Sprague Ave, Spokane Valley, WA 99216-0808
      View Details
    • Value Estimation by Request
      0.71 Acres

      12324 14th Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 0.71 Acres
      12324 14th Ave, Spokane, WA 99216
      View Details
    • Value Estimation by Request
      0.34 Acres

      Spokane, WA 99216

      WHOLESALE OUTLET, DISCOUNT STORE • 0.34 Acres
      Spokane, WA 99216
      View Details
    • Value Estimation by Request
      0.34 Acres

      Spokane, WA 99216

      WHOLESALE OUTLET, DISCOUNT STORE • 0.34 Acres
      Spokane, WA 99216
      View Details
    • Value Estimation
      $1,720,000
      10,000 SF

      3520 Tschirley Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,000 SF
      3520 Tschirley Rd, Spokane Valley, WA 99216-1763
      View Details
    • Value Estimation
      $31,710,000
      249,690 SF

      18007 Garland Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 249,690 SF
      18007 Garland Ave, Spokane, WA 99216-6102
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,186 SF

      Retail Center Anchored by Safeway

      Leased investment opportunity with national tenants Office Depot & Skechers.
      14008-14024 E Sprague Ave, Spokane, WA 99216
      View Details
    • $280,000
      10,000 SF

      Restaurant Franchise Opportunity Near Mall

      Established restaurant franchise with high sales volume, prime location.
      13910 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • $850,000
      0.73 Acres

      High-Traffic Spokane Valley Investment Property

      High-visibility, income-generating property with multi-use zoning along I-90.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details
    • $850,000
      3,328 SF

      High-Traffic Spokane Valley Investment Property

      Income-generating, multi-use property with high visibility and freeway access.
      13604/06 E Nora Ave, Spokane Valley, WA 99216
      View Details
    • $1,350,000

      Spokane Valley Retail Opportunity

      Prime location with high traffic and development potential.
      14909 E Sprague Ave, Spokane, WA 99216
      View Details
    • $1,200,000
      4,491 SF

      Turn Key Spokane Valley Restaurant

      Turn-key restaurant with FF&E available for sale in Spokane Valley.
      12622 E Sprague Ave, Spokane Valley, WA 99216
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spokane Valley Mall Retail Pads

      Retail pads available at Spokane Valley Mall.
      14740 E Indiana Ave, Spokane, WA 99216
      View Details
    • Contact for pricing

      Retail Spaces in Valley Plaza

      Newly developed shopping center with retail opportunities and strong traffic.
      13414 E Sprague Ave, Spokane Valley, WA 99216
      View Details
    • $15 SF/Yr
      6,110 SF

      Spokane Valley Retail Space for Sale

      Prime Medical Retail, High Visibility, 6,110 SF
      10 Evergreen Rd, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Retail Building with Car Bays

      Single tenant retail building with car bays for sale/lease.
      14009 E Sprague Ave, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Premier Business Campus For Lease

      Prestigious business park with natural surroundings, enhancing employee productivity.
      12939 E Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available with established anchor tenants.
      14024 E Sprague Ave, Spokane Valley, WA 99216
      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.
    13221 E 32Nd Ave
    Spokane Valley, WA 99216
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!