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    OFF-MARKET
    Office buildings

    303 University Rd, Spokane Valley, WA 99206-5227

    1,520 SF 0.4 ac lot Built 1939
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US90-0982051
    Property summary
    AI-generated overview

    This exceptional 2,240 square foot medical office building, located at 303 S University Rd in Spokane Valley, WA 99206, presents a unique investment opportunity. Situated on a spacious 17,511-acre lot, this single-story, Class C building underwent a complete renovation in 2023. The property boasts one building with no elevators. Currently configured as multiple tenancies, one 112 sq. ft. suite is immediately available. Key features include recently updated interiors, a shared reception and waiting area, a shared laundry room, and even a sauna room with available memberships. Each individual suite is equipped with its own sink. The building's 1939 construction has been revitalized to meet modern medical office needs, offering a convenient and attractive space for healthcare professionals. Its Spokane Valley location provides easy access for patients and staff. This property is ideal for a variety of medical practices seeking a well-maintained and conveniently located office space. The property is located in Spokane County.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1939
    Construction STEEL FRAME
    Total area 1,520 SF
    Lot 0.4 ac (17,494 SF)
    APN 45212.0519
    UPID US90-0982051
    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
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    Owner & transaction history
    303 University LLC · 3 yrs held
    303 University LLC
    since 2023
    Last sale
    $500,000
    4 recorded transactions
    2023
    $500,000
    2022
    2013
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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