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Property profile & analytics
OFF-MARKET Estimated value $1,015,000
Office buildings

1421 Mullan Rd Spokane Valley, WA 99206-4060

8,346 SF 0.61 ac lot Built 1986
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US90-3239997
Property summary
AI-generated overview

This exceptional retail property, located at 1421 N Mullan Rd in Spokane Valley, WA 99206, offers a fantastic opportunity for businesses seeking high-visibility locations. The 8,346 square foot strip center, built in 1986 and renovated in 1995 (APN 45172.0753), features multiple tenancies and boasts excellent visibility and accessibility. Two suites are currently available, providing flexible options for prospective tenants. Suite A offers approximately 1,677 square feet, while Suite B provides approximately 2,648 square feet. These spaces can also be combined for a total of approximately 4,325 square feet, catering to businesses requiring larger footprints. The property benefits from its convenient location near Interstate 90, ensuring high traffic volume and easy access for customers. Ample paved parking is available for customers and employees, enhancing the shopping experience. Furthermore, pylon signage opportunities are available, providing excellent branding and visibility for tenants. This well-maintained property presents a compelling investment opportunity in a thriving Spokane Valley commercial corridor. The property's history of successful tenancy and prime location make it an ideal choice for a variety of retail businesses.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Total area 8,346 SF
Lot 0.61 ac (26,573 SF)
APN 45172.0753
UPID US90-3239997
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.02M
Owner & transaction history
Ultima Mullan LLC · 10 yrs held
Ultima Mullan LLC
since 2015
4 recorded transactions
2016
Price N/A
2015
Price N/A
2015
$872,500
2004
$591,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.7M +5.2%
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