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Financial
Distress signals
Property profile

3808 N Sullivan Rd Spokane Valley, WA 99216

FOR LEASE
Other warehouses
Property ID
US90-0881361
55,200 SF 4.17 ac lot Built 1999
Last sale Jun 2022
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 3808 N Sullivan Rd in Spokane Valley, Washington is an industrial flex space within a professionally managed business and industrial park. The space is configured to accommodate a range of business uses and is described as flexible, with the ability for the interior space to be customized to tenant requirements. The industrial park is described as totaling over 5 million square feet and as having more than 120 resident companies and over 4,500 employees, and it provides on-site…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$37k
Tax billed · 2023
Assessed value · 2024$3.80M
Assessed land$372k
Assessed improvement$3.43M
Effective rate0.98%

Value estimate

· Oct 2026
$2.96M
$2.66M – $3.26M
Submarket $/SF estimate$4.12M
NOI build-up
Gross scheduled income$142k
Vacancy & credit loss−$9k
Operating expenses−$40k
NOI · 1,292,930.56% cap applied$93k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$119/SF
Submarket average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$72 – $161

Cap rate analysis

How does the asset earn?
1,292,930.56%
$93k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant12.6
Hair Salon11.4
HVAC Service9.9

Location

3808 N Sullivan Rd Spokane Valley, WA 99216
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12620 Indiana, Spokane Valley, WA 99216-1116 $1,900,000 Sep 2024 16,190 SF
16707 Euclid, Spokane Valley, WA 99216-1816 $1,100,000 Jul 2023 20,880 SF
15909 Marietta, Spokane Valley, WA 99216-1852 $21,600,000 May 2022 111,141 SF
119 Adams, Spokane Valley, WA 99216-2169 $2,100,000 Nov 2021 20,000 SF
16019 Lacrosse, Spokane Valley, WA 99216-1602 $849,000 May 2021 13,650 SF
16124 Marietta, Spokane Valley, WA 99216-1812 $1,799,000 Apr 2021 19,970 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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