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Property profile & analytics
FOR LEASE
Office buildings
Spokane, Valley, WA 99037
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-0259233
For Lease
1 / 2
$15 SF/Yr
Spokane, Valley, WA 99037
View Listing →
Property summary
AI-generated overview
This exceptional Spokane Valley office property, Interstate Professional Plaza, offers a variety of executive and traditional office spaces for lease. Located at 15407 E Mission Ave, Spokane Valley, WA 99037, this property boasts a total of 9,110 square feet situated on a 0.56-acre lot (24,606 square feet). The property's APN is 45141.0225. Currently, there is 1,077 square feet of vacant space available, divisible into units as small as 396 square feet, with a maximum contiguous space of 681 square feet. The building accommodates multiple tenants. Enjoy convenient on-site parking (4 spaces per 1,000 square feet). This location provides excellent access to Interstate 90 and is surrounded by numerous amenities, including the Mirabeau Park Hotel & Convention Center, Spokane Valley Mall, Walmart, Best Buy, and Barnes & Noble. This is an ideal opportunity for businesses seeking a well-located, functional, and accessible office space in a thriving Spokane Valley commercial area. Contact us today to learn more about leasing options and availability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
4,555 SF
Lot
0.58 ac (25,424 SF)
APN
45141.0225
UPID
US90-0259233
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
Current use
Occupant on record · Public records
-
Absolute Smile Design Dental Office
-
New Horizon Counseling Services Crisis Center Medical Clinic
-
Jana Ross, LMHC Counselor
-
Jan Vetter Counseling Crisis Center Medical Clinic
-
Gab Robins Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$464k
Blend (final)
Blend
$640k
Owner & transaction history
Dennis A Crapo · 26 yrs held
Dennis A Crapo
since 1999
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$985,000
Current use
MEDICAL BUILDING
$925,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,414
Tax year 2023
Assessed value
$950,170
Assessed 2024
Previous assessed
$906,470
+4.8% YoY
Effective rate
0.99%
On assessed value
Assessed land
$177,970
Assessed improvement
$772,200
Land market value
$177,970
Improvement market value
$772,200
Total market value
$950,170
Applied tax rate
144.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Heating
NONE
Buildings
2
Stories
2
Bathrooms
1
Total area
4,555 SF
Lot
0.58 ac (25,424 SF)
APN
45141.0225
UPID
US90-0259233
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$985,000
MEDICAL BUILDING
Est. value
$925,000
OFFICE BUILDING Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
2
Buildings
2
Bathrooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Dennis A Crapo
Individual
Mailing address
15321 E MSN AVE, SPOKANE VALLEY, WA 99037-9552
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2020
—
Dennis A Crapo
—
Deed
related
$643,821 · Spokane Teachers Cu
Sep 2, 1999
$562,000
Dennis A Crapo
Flynn,maurice A & Elaine L
Grant Deed
$420,000 · Sterling Savings Bank
—
—
Dennis A Crapo
—
Deed Of Trust
related
$850,000 · Spokane Teachers Cu
—
—
Dennis A Crapo
—
Deed Of Trust
related
$643,821 · Spokane Teachers Cu
—
—
Dennis A Crapo
—
Deed Of Trust
related
$150,000 · Sterling Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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