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    OFF-MARKET
    Banks

    5615 Sunset Hwy, Spokane, WA 99224-9454

    1,316 SF 6.67 ac lot Built 1993
    Entity Owned Free & Clear
    Property ID
    US90-0597909
    Property summary
    AI-generated overview

    This exceptional 57,750-square-foot executive office building, located at 5615 W Sunset Hwy in Spokane, Washington, presents a compelling investment opportunity. Built in 1993, this single-story, steel-frame building with an EIFS exterior sits on a substantial 6.67-acre lot (approximately 290,454 square feet) and boasts 321 parking stalls (a ratio of 6.6 per 1,000 square feet). Currently 100% occupied under a triple-net (NNN) lease with a single tenant, the property offers a strong 7.5% cap rate and an asking price of $9,250,000 ($160.17 per square foot). The lease features a remaining term of 2.9 years (expiring June 29, 2025), with two 5-year lease options, each including 3.0% escalations, and 3.0% annual increases. The current monthly rent is $56,161.88 ($11.67 per square foot). This property represents a stable, high-performing investment in a desirable Spokane location. The building's size, ample parking, and strong lease terms make it an attractive asset for discerning investors. The location in Spokane County, WA, zip code 99224, offers excellent access to major transportation routes and amenities.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1993
    Total area 1,316 SF
    Lot 6.67 ac (290,545 SF)
    APN 25272.9167
    UPID US90-0597909
    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
    • Human Resources Job Center Kaiser Permanente Employment Agency Business Service Center
    • Kaiser Permanente-Medicare Sales Financial Advisor Insurance Agency
    • Michael Norwood, PharmD Pharmacy
    • Burke Sherrie L Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Sunset Property LLC
    Sunset Property LLC
    since 2026
    Last sale
    $6.1M
    4 recorded transactions
    2026
    $6.1M
    2020
    2018
    $281
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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