Property profile

424 S Sullivan Rd Spokane Valley, WA 99037

FOR LEASE
Office buildings
Property ID
US90-0957953
1,600 SF 0.26 ac lot Built 1971
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office space, located at 424 S Sullivan Rd in Spokane Valley, WA 99037, offers a prime opportunity for businesses seeking a prestigious address. The property, built in 1971 and boasting Corridor Mixed Use (CMU) zoning, comprises a total of 3,200 square feet, with 3,184 square feet currently vacant and available for lease. The space is situated on the second floor and offers a maximum contiguous area of approximately 1,837 square feet, with a minimum divisible space of 143 square feet, providing flexibility for various business needs. The building features ample parking with 12 spaces available for tenants. Its convenient location on Sullivan Road offers excellent visibility and easy access to Sprague Avenue and Interstate 90, ensuring convenient commutes for employees and clients alike. The property's APN is 45231.3503. This is a multi-tenant building offering a professional and efficient work environment. The property's central Spokane Valley location provides easy access to a variety of amenities and services, making it an ideal location for businesses of all sizes. The available space is perfect for companies seeking a modern and functional workspace in a thriving community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1971
Construction STEEL FRAME
Total area 1,600 SF
Lot 0.26 ac (11,479 SF)
APN 45231.3503
UPID US90-0957953

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

424 S Sullivan Rd Spokane Valley, WA 99037
Spokane Valley metro Census 12902 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$965k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$910k

Owner & transaction history

since 2021
Last sale
$1.2M
4 recorded transactions
2021
$1.2M
2014
Price N/A
2013
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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