Property profile

5615 Sunset Hwy Spokane, WA 99224

OFF-MARKET
Banks
Property ID
US90-0597909
1,316 SF 6.67 ac lot Built 1993
Entity Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Employment Agency Business Service Center
  • Financial Advisor Insurance Agency
  • Pharmacy
  • Physician

Location

5615 Sunset Hwy Spokane, WA 99224-9454
Spokane metro Census 13700 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2026
Last sale
$6.1M
4 recorded transactions
2026
$6.1M
2020
Price N/A
2018
$281
2010
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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