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    Property profile & analytics

    303 University Rd Spokane Valley, WA 99206-5227

    • Office buildings
    • 1,520 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    May 26, 2023
    $500,000
    Location Intelligence
    Property ID
    US90-0982051
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 303 University Rd

    Year built
    1939
    Construction
    STEEL FRAME
    Lot size
    0.40 lot acres
    Property size
    1,520 SF
    Property type
    Office buildings
    APN
    45212.0519
    APU
    452120519

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $470,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $630,000
      Mixed-Use
      $585,000
      Hospitality
      $495,000
      Educational
      $575,000
      Residential Income
      $495,000
      Energy
      $530,000
      Income-Based Land
      $635,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.261
    Latitude
    47.6541
    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
    $2,162
    $87,470
    $131,100
    $218,570
    -
    $87,470
    $131,100
    $218,570

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    • Value Estimation
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      6.67 Acres

      11601 44th Ave

      PROFESSIONAL BUILDING • 6.67 Acres
      11601 44th Ave, Spokane, WA 99206
      View Details
    • Value Estimation
      $385,000
      575 SF

      10501 4th Ave

      OFFICE BUILDING • 575 SF
      10501 4th Ave, Spokane, WA 99206
      View Details

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    303 University Rd
    Spokane Valley, WA 99206-5227
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    Realmo Value Estimation

    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.

    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.

    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
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