10220 Nevada StSpokane, WA 99218

Property Details for 10220 Nevada St

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.27 AC

Property size (Sq ft)

42,756 SF

Property type

Office properties

Property subtype

Office buildings

APN

36174.9016

APU

361749016

Description

Nevada Place offers exceptional executive office space in a desirable North Spokane location at the corner of Hawthorne and Nevada. This two-building complex, constructed in 1988 and renovated in 2008, boasts a total of 42,756 square feet situated on a generous 3.94-acre lot (171,626 square feet). The single-story buildings provide ample parking with a ratio of over four spaces per 1,000 square feet. Currently, one executive suite is available, measuring 657 square feet, ideal for a small business or professional needing a prestigious address. The property features multiple telecommunication options, ensuring seamless connectivity. The location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in a thriving area. The property's substantial lot size provides ample room for expansion or future development. This is a rare opportunity to secure office space in a well-maintained, conveniently located complex with excellent parking and modern amenities. The building's 1988 construction date, coupled with the 2008 renovation, ensures a blend of established infrastructure and updated features. The property is suitable for a variety of businesses seeking a professional and efficient workspace. The available suite is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $7,387,920

  6.5%

  $6,819,618

  7%

  $6,332,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,116,007

  Geo Method

  $9,116,007

• Alternative Use

  Use

  Valuation

  Residential

  $8,456,326

  Hospitality

  $7,745,949

  Educational

  $6,444,539

  Medical

  $6,666,176

  Retail

  $10,024,838

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.7502

Longitude

-117.394

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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