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    Property profile & analytics

    424 Sullivan Rd Spokane Valley, WA 99037

    • Office buildings
    • 1,600 SF
    • 0.26 lot acres
    For Lease
    View listing
    Value Estimation
    $1,060,000
    Last Sale
    Apr 28, 2021
    $1,175,000
    Location Intelligence
    Property ID
    US90-0957953
    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

    • SetPoint Physiology / Medical Clinic / Nutritionist

    Property Details for 424 Sullivan Rd

    Year built
    1971
    Construction
    STEEL FRAME
    Lot size
    0.26 lot acres
    Property size
    1,600 SF
    Property type
    Office buildings
    APN
    45231.3503
    APU
    452313503

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $910,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,175,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,285,000
      Geo Method
      $1,180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,300,000
      Retail
      $1,035,000
      Mixed-Use
      $1,075,000
      Hospitality
      $1,250,000
      Educational
      $1,095,000
      Residential Income
      $995,000
      Energy
      $1,080,000
      Income-Based Land
      $1,000,000
      Food Service
      $1,240,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.197
    Latitude
    47.6526
    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
    $3,431
    $72,000
    $278,900
    $350,900
    -
    $72,000
    $278,900
    $350,900

    Comparable in this City

    • Value Estimation
      $925,000
      0.27 Acres

      210 Sullivan Rd

      PROFESSIONAL BUILDING • 0.27 Acres
      210 Sullivan Rd, Spokane Valley, WA 99037-9712
      View Details
    • Value Estimation by Request
      8,230 SF

      616 Sullivan Rd

      OFFICE BUILDING • 8,230 SF
      616 Sullivan Rd, Spokane Valley, WA 99037
      View Details
    • Value Estimation by Request
      9,953 SF

      15404 Springfield Ave

      OFFICE BUILDING • 9,953 SF
      15404 Springfield Ave, Spokane Valley, WA 99037-8569
      View Details
    • Value Estimation
      $1,090,000
      2,400 SF

      502 Sullivan Rd

      OFFICE BUILDING • 2,400 SF
      502 Sullivan Rd, Spokane Valley, WA 99037-8837
      View Details
    • Value Estimation by Request
      0.07 Acres

      Spokane, WA 99037

      PROFESSIONAL BUILDING • 0.07 Acres
      Spokane, WA 99037
      View Details
    • Value Estimation by Request
      4,555 SF

      15407 Msn Ave

      OFFICE BUILDING • 4,555 SF
      15407 Msn Ave, Spokane Valley, WA 99037-8536
      View Details

    Similar Nearby for Sale

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      47,047 SF commercial land with 1,368 SF building.
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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Executive Suites Spokane Valley

      Modern Office Space, ±1,837 SF Available
      424 Sullivan Rd, Spokane Valley, WA 99037
      View Details
    • $22 SF/Yr
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      Broadway Ave Retail/Office Space

      Prime Retail Location, High Traffic Area
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      View Details
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      Spokane Creative Office Space

      Prime Spokane location, flexible suites available.
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    • $24 SF/Yr
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      Spokane Valley Retail/Office Space

      Retail or office suites available in Spokane Valley location.
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    • $15 SF/Yr
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      Spokane Valley Office Space Available

      Office space for lease in Spokane Valley location.
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    • $16,106 /Mo
      30,893 SF

      Spokane Valley Office/Flex Space

      Office, flex, or production space available in Spokane Valley.
      2818 N Sullivan Rd, Spokane Valley, WA 99037
      View Details
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    424 Sullivan Rd
    Spokane Valley, WA 99037
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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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