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Property profile & analytics
FOR LEASE
Banks

5105 E 3Rd Ave Spokane Valley, WA 99212

6,400 SF 0.99 ac lot Built 1961
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US90-1379418
Property summary
AI-generated overview

This exceptional office property, located at 5105 E 3rd Ave in Spokane Valley, WA 99212, offers a unique opportunity for businesses seeking flexible and adaptable workspace. The building, a Class B property constructed in 1961 and renovated in 1992, sits on a 0.99-acre lot and is zoned RC - Regional Commercial. Currently, there is 10,666 square feet of vacant space available, divisible into units as small as 9,640 square feet, with a maximum contiguous space of 1,026 square feet. The building's total square footage is not currently specified. Ample parking is provided with 33 spaces available for tenants and their guests. The property's location in Spokane Valley offers convenient access to major transportation routes and a variety of amenities. This is an ideal opportunity for a company seeking a well-maintained, adaptable office space in a thriving Spokane Valley location. The property's traditional office layout provides a classic and functional workspace, perfect for a variety of business needs. The zoning allows for a range of commercial uses, making this a versatile option for prospective tenants. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1961
Total area 6,400 SF
Lot 0.99 ac (42,941 SF)
APN 35231.9012
UPID US90-1379418
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
  • Albrecht Law PLLC Law Firm
  • Terry Wiyrick NMLS# 190050 - Churchill Mortgage Loan Service Bank
  • BleedZone (Bike/Boat/Book/etc) Store
  • Rose Krieger NMLS# 1376145 - Churchill Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$920k
CAP Approach CAP
by Request
Comparable Approach Comparable
$945k
Blend (final) Blend
$965k
Owner & transaction history
Stak Northwest LLC · 6 yrs held
Stak Northwest LLC
since 2020
Last sale
$1.1M
7 recorded transactions
2020
Price N/A
2020
$1.1M
2017
Price N/A
2016
Price N/A
2009
Price N/A
2008
Price N/A
2004
$1.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.4M +31.0%
Office building $1.4M +30.7%
Medical building $1.3M +22.8%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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