Back to Search
Property profile & analytics
FOR LEASE
Medical Office Space
9631 N Nevada St Spokane, WA 99218
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0071430
For Lease
$23 SF/Yr
9631 N Nevada St, Spokane, WA 99218
View Listing →
Property summary
AI-generated overview
Northpoint Medical Suites, a Class B, three-story building (21,672 total square feet) situated on a 2.17-acre lot in Spokane County, offers exceptional medical and professional office space. Built in 1994, this multi-tenant building is ideally located within Spokane's medical corridor, east of the Y. Two suites are currently available, ranging from 1,788 to 2,746 square feet. The property boasts ample parking, catering to both tenants and visitors. Building amenities include an elevator, multiple restrooms, water fountains, a comfortable sitting area, and a large basement conference room perfect for meetings or collaborative work. Leases are full-service, with tenants responsible only for their individual suite's janitorial services. Monument signage is available for enhanced visibility and branding opportunities. The building is zoned for commercial use. This is a fantastic opportunity to secure high-quality office space in a thriving medical hub. The property features a diverse tenant mix, creating a vibrant and collaborative environment.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
21,672 SF
Lot
2.17 ac (94,525 SF)
APN
36174.1603
UPID
US90-0071430
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
-
Spokane Sports and Physical Therapy Physician
-
Dr. Monica Whitlock, LMFT Psychotherapist Service Establishment
-
Cor Counseling & Wellness - North Counselor Mental Health Service
-
Inland Cardiology Associates Medical Clinic
-
Daniel T Yang, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.31M
Comparable Approach
Comparable
$2.30M
Blend (final)
Blend
$3.45M
Owner & transaction history
North Nevada Real Property LLC · 8 yrs held
North Nevada Real Property LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.4M
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,665,000
6.5%
$4,305,000
7%
$4,000,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,155,000
Current use
OFFICE BUILDING
$5,420,000
Change: +5% · Conversion: Easy
RETAIL STORES
$4,990,000
Change: -3% · Conversion: Difficult
RESTAURANT
$4,805,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,285,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.10M – $3.79M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$159 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$63,243
Tax year 2023
Assessed value
$7,071,780
Assessed 2024
Previous assessed
$4,543,300
+55.7% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,039,780
Assessed improvement
$6,032,000
Land market value
$1,039,780
Improvement market value
$6,032,000
Total market value
$7,071,780
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1994
Heating
NONE
Stories
3
Bathrooms
2
Total area
21,672 SF
Lot
2.17 ac (94,525 SF)
APN
36174.1603
UPID
US90-0071430
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$5.0M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
3
Bathrooms
2
Lot
2.17 ac
Current owner
From public records · entity-resolved
North Nevada Real Property LLC
Entity
Mailing address
3680 W SELTICE WAYB, POST FALLS, ID 83854-9323
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2017
$4,700,000
North Nevada Real Property LLC
Columbia Investment Properties LLC
Warranty Deed
$3,237,500 · Washington Trust Bank
Dec 1, 2005
$5,100,000
Columbia Investment Props LLC
Goebel Family Ents
Warranty Deed
$4,590,000 · Goebel Family Ents
—
—
Columbia Medical Assocs LLC
—
Deed Of Trust
related
$1,500,000 · Riverbank
—
—
Columbia Investment Properties
—
Deed Of Trust
related
$70,000 · Spokane Teachers Cu
—
—
Goebel Family Ents
—
Deed Of Trust
related
$1,175,000 · Numerica Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
