601 5th Ave Spokane, WA 99204-2705
Property Lookup
Property profile & analytics
601 5th Ave Spokane, WA 99204-2705
- Medical Office Space
- 18,850 SF
- 0.64 lot acres
Property ID
US90-3300598
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Thomas Kwiatkowski, MD / Hospital
- NWOS / Medical Clinic
- Inspire Physical & Hand Therapy - Downtown, Spokane, WA / Medical Clinic
- Jesse Brouwer, PT, DPT, CMP / Physician
- Spokane Occupational & Hand Therapy / Physician
Property Details for 601 5th Ave
- Year built
- 2004
- Lot size
- 0.64 lot acres
- Property size
- 18,850 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 35191.4207
- APU
- 351914207
Description
This exceptional five-story Class A medical office building, totaling 0 square feet, offers two immediately available suites within Spokane County's thriving medical corridor. Located in the Hospital District and conveniently situated on a bus line, this property boasts unparalleled access to major medical facilities. It's adjacent to Deaconess Medical Center, one block east of Shriner's Hospital for Children, and within one mile of Providence Sacred Heart Medical Center & Children's Hospital. The building itself is part of a flourishing medical hub, also near St. Luke's Rehabilitation Institute, and offers excellent freeway access for patient and staff convenience. Currently, 5,369 square feet of first-floor space is available, ranging from approximately 1,610 square feet to the full 5,369 square feet. For tenants signing a five-year lease, a generous tenant improvement allowance of $50 per square foot is offered, along with three months of free rent (excluding the construction period). This presents a unique opportunity for medical practices seeking a prestigious location with significant incentives. The building's multiple tenancy structure ensures a diverse and vibrant professional environment. Don't miss this chance to establish your practice in a highly sought-after medical destination.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,060,000
- 6.5%
- $3,745,000
- 7%
- $3,480,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,600,000
Market price range: $988k - $2.60M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $4,485,000 Current use
- OFFICE BUILDING
- $4,715,000 Change: +5% Conversion: Easy
- RETAIL STORES
- $4,340,000 Change: -3% Conversion: Difficult
- RESTAURANT
- $4,180,000 Change: -7% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,725,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.422
- Latitude
- 47.6511
- CBSA code
- 44060
- CBSA name
- SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$160,445
$612,330
$19,350,000
$19,962,330
-
$612,330
$19,350,000
$19,962,330
