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Property profile

9631 N Nevada St Spokane, WA 99218

FOR LEASE
Medical Office Space
Property ID
US90-0071430
21,672 SF 2.17 ac lot Built 1994
Last sale Sep 2017 · $4,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
9631 N Nevada St, Spokane, WA 99218 For Lease
Contact for pricing 4,888 SF available
9631 N Nevada St, Spokane, WA 99218
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Property summary

AI-generated overview

The Northpoint Medical Building is a multi-tenant professional office and medical property located in North Spokane’s Medical Corridor, east of the “Y.” The building includes an elevator, additional restrooms, drinking fountains, a sitting area, and a large basement conference room, along with monument signage. Suite 202 comprises 2,746 square feet and is configured with a large open reception area, five offices, seven clinic rooms, a break room, and a restroom. The building provides parking…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$63k
Tax billed · 2023
Assessed value · 2024$7.07M
Assessed land$1.04M
Assessed improvement$6.03M
Effective rate0.89%

Value estimate

· Oct 2026
$3.45M
$3.10M – $3.79M
CAP approach$4.31M
Submarket $/SF estimate$2.30M
NOI build-up
Gross scheduled income$114k
Vacancy & credit loss−$9k
Operating expenses−$42k
NOI · 263,070.83% cap applied$63k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$238/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$138 – $318

Cap rate analysis

How does the asset earn?
263,070.83%
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.6
Wholesale Shop14.4
HVAC Service13.8

Location

9631 N Nevada St Spokane, WA 99218
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9915 Division, Spokane, WA 99218-1303 $800,000 Jan 2025 4,724 SF
9651 Nevada, Spokane, WA 99218-1132 $3,000,000 Jun 2024 10,721 SF
1121 Westview, Spokane, WA 99218-1319 $870,000 Jan 2022 4,650 SF
11909 Division, Spokane, WA 99218-1903 $4,110,000 Dec 2021 14,427 SF
759 Holland, Spokane, WA 99218-1257 $381,687 Aug 2020 15,091 SF
1116 Westview, Spokane, WA 99218-1396 $3,075,000 Feb 2019 18,330 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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