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Property profile & analytics
FOR LEASE
Community centers

5620 S Regal St Spokane, WA 99223

12,462 SF 2.24 ac lot Built 2012
Entity Owned 14-yr Hold Free & Clear
Property ID
US90-1059071
5620 S Regal St, Spokane, WA 99223 For Lease
$28 SF/Yr 1,152 SF available
5620 S Regal St, Spokane, WA 99223
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Property summary
AI-generated overview

This exceptional retail opportunity presents 1,152 square feet of space within a well-maintained, two-building strip center totaling 18,244 square feet. Built in 2017, the property boasts a convenient location with excellent access from both 55th Street and Regal Street, ensuring high visibility and accessibility for customers. The property sits on a substantial 97,391 square foot lot, providing ample parking for tenants and their patrons. The space is part of a multi-tenant building, offering a vibrant and established commercial environment. The property features pylon signage opportunities, enhancing visibility and brand recognition. The property's single-story design and well-maintained condition contribute to a positive and functional retail space. The available space is ideal for a variety of retail uses, benefiting from the existing infrastructure and established customer base of the center. The property's Assessed Parcel Number (APN) is 34041.0181, located in Spokane County. This is a turnkey opportunity for a business seeking a prime retail location with excellent visibility and ample parking. The property offers a strong foundation for growth and success in a thriving commercial area. Don't miss this chance to secure a space in this desirable retail center.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2012
Total area 12,462 SF
Lot 2.24 ac (97,391 SF)
APN 34041.0181
UPID US90-1059071
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
  • CHAS Southgate Medical Clinic Medical Clinic
  • Domino's Pizza Take-out & Catering
  • Lauren Williams Physician
  • Beacon Cleaners (Bike/Boat/Book/etc) Store
  • CHAS Southgate Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$762k
Blend (final) Blend
$755k
Owner & transaction history
57th Gem Clean INC · 14 yrs held
57th Gem Clean INC
since 2012
5 recorded transactions
2012
Price N/A
2011
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.1M +135.3%
Office building $1.0M +117.5%
Warehouse, storage $970,000 +101.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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