Property profile

6208 Colton St Spokane, WA 99208

OFF-MARKET
Medical Office Space
Property ID
US90-0222471
2,912 SF 0.34 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,000 square foot single-tenant medical office building is available for lease in Spokane County. Built in 2002, the one-story structure offers a convenient and well-maintained space ideal for a variety of medical or executive office uses. Previously occupied by an urgent care clinic, the property boasts ample space for various medical practices or professional offices. The building features a modified gross lease at a rate of $22.00 per square foot. Conveniently located on Colton Avenue, the property benefits from excellent visibility and signage opportunities, with shared parking available in a lot adjacent to the building. The property's single-tenant occupancy provides a unique opportunity for a business seeking a dedicated and private workspace. Parcel number 36322.0527 provides easy identification for interested parties. This is a rare opportunity to secure a well-located, functional, and readily available office space in a thriving area of Spokane County. The building's modern design and convenient amenities make it an attractive option for businesses seeking a professional and efficient work environment. The property's strategic location ensures easy access for clients and employees alike. Don't miss this chance to establish your business in this desirable location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Total area 2,912 SF
Lot 0.34 ac (15,000 SF)
APN 36322.0527
UPID US90-0222471

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
  • Pediatrician Physician
  • Physician
  • Medical Clinic
  • Pediatrician Physician
  • Physician

Location

6208 Colton St Spokane, WA 99208-8100
Spokane metro Census 400 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
$580k
Comparable Approach Comparable
$394k
Blend (final) Blend
$350k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Office building $730,000 +5.2%

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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