Property profile

507 Sullivan Rd Spokane Valley, WA 99037

OFF-MARKET
Medical Office Space
Property ID
US90-0641801
4,984 SF 0.79 ac lot Built 1985
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A dental office space, totaling approximately 2,731 square feet, is ideally situated at 507 N Sullivan Rd in Spokane Valley, WA 99037. Currently available for lease, this multi-tenant property offers a bright, lower-level suite with ample natural daylight. The space is perfect for a dental practice seeking a move-in ready location with high visibility. A significant advantage is the prominent signage opportunity directly on Sullivan Road, ensuring excellent exposure to the high volume of traffic. The average daily traffic count on Sullivan Road is approximately 28,790 vehicles, providing substantial potential for patient acquisition. Convenient on-site parking is also available for both staff and patients. The lease rate is $20.00 per square foot, modified gross. The space will be available for occupancy starting August 1st, 2024. This is a fantastic opportunity for a growing dental practice to establish or relocate to a thriving Spokane Valley location. The property is classified as a medical office within an office building.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1985
Construction STEEL FRAME
Total area 4,984 SF
Lot 0.79 ac (34,553 SF)
APN 45144.1135
UPID US90-0641801

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

507 Sullivan Rd Spokane Valley, WA 99037-8576
Spokane Valley metro Census 12901 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k

Owner & transaction history

since 2015
7 recorded transactions
2020
Price N/A
2018
Price N/A
2015
Price N/A
2014
$963,315
2014
$358,669
2014
Price N/A
1997
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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