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Property profile & analytics
FOR LEASE
Office buildings
3707 S Grand Blvd Spokane, WA 99203
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1400157
For Lease
1 / 5
$1,970,000
3707 S Grand Blvd, Spokane, WA 99203
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Property summary
AI-generated overview
This exceptional Class A creative office building, constructed in 2010, offers 9,775 square feet of space at a prime South Hill location in Spokane, WA (zip code 99203). Currently, 5,028 square feet are vacant, divisible into units ranging from 1,881 to 2,094 contiguous square feet. The building boasts ample parking with approximately 50 stalls, all free for tenants. Its location on a signalized intersection provides excellent visibility and signage opportunities. The building is fully sprinklered for enhanced safety. This desirable location benefits from nearby established businesses, including Starbucks, Snap Fitness, REMEDY Gastropub, and Grand Corner Dental. The property is ideal for businesses seeking modern, efficient, and conveniently located office space in a thriving Spokane neighborhood. Multiple tenancy options are available. The building is situated in Spokane County.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
9,775 SF
Lot
0.8 ac (34,926 SF)
APN
35323.0110
UPID
US90-1400157
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
-
Grand Corner Dental: Stephen Griffith DMD Dental Office
-
Ketamine Clinic of Spokane Medical Clinic
-
Josh Spartz, MS, CRNA Medical Clinic
-
The Academy of Ambulatory Foot & Ankle Surgery Medical Clinic Hospital
-
Borys E. Markewych, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.97M
Owner & transaction history
Grand 37 East LLC · 5 yrs held
Grand 37 East LLC
since 2021
7 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 Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane 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%
$2,490,000
6.5%
$2,295,000
7%
$2,135,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,445,000
Current use
MEDICAL BUILDING
$2,325,000
Change: -5% · Conversion: Easy
RETAIL STORES
$2,250,000
Change: -8% · Conversion: Moderate
RESTAURANT
$2,165,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±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
$202 / 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
$21,600
Tax year 2023
Assessed value
$2,214,060
Assessed 2024
Previous assessed
$2,049,860
+8.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$209,560
Assessed improvement
$2,004,500
Land market value
$209,560
Improvement market value
$2,004,500
Total market value
$2,214,060
Applied tax rate
10.0000
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
2010
Heating
FORCED AIR
Stories
2
Rooms
18
Bathrooms
5
Total area
9,775 SF
Lot
0.8 ac (34,926 SF)
APN
35323.0110
UPID
US90-1400157
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
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
RESTAURANT
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
2010
Heating
FORCED AIR
Stories
2
Rooms
18
Bathrooms
5
Lot
0.8 ac
Current owner
From public records · entity-resolved
Grand 37 East LLC
Entity
Mailing address
601 W MAIN AVE STE #400, SPOKANE, WA 99201-0613
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2021
—
Grand 37 East LLC
Patricia L Mattix
Quit Claim Deed
related
—
Dec 28, 2020
—
Patricia L Mattix
Bypass Paul R G Trust
Quit Claim Deed
related
—
Aug 17, 2020
—
Grand Health LLC
—
Deed
related
$1,500,000 · Riverbank
May 15, 2020
—
Grand Health LLC
—
Deed
related
$467,000 · Riverbank
Jan 11, 2019
—
Grand Health LLC
—
Deed
related
$60,000 · Riverbank
Aug 17, 2010
—
Grand Health LLC
—
Trustees Deed
related
$669,000 · Riverbank
Jun 1, 2010
—
City Of Spokane
Grams Paul R Bypass Trust
Warranty Deed
—
—
—
Borys E Markewych
—
Deed Of Trust
related
$149,647 · Riverbank
—
—
Borys E Markewych
—
Deed Of Trust
related
$187,059 · Riverbank
—
—
Grand Health LLC
—
Deed Of Trust
related
$677,000 · Northwest Busn Dev Assn
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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