9631 Nevada StSpokane, WA 99218

Property Details for 9631 Nevada St

Year built

1994

Lot size

2.17 AC

Property size (Sq ft)

21,672 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

36174.1603

APU

361741603

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,728,274

  6.5%

  $3,441,484

  7%

  $3,195,664

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,620,687

  Geo Method

  $4,620,687

• Alternative Use

  Use

  Valuation

  Residential

  $4,267,440

  Hospitality

  $3,908,952

  Educational

  $3,252,202

  Medical

  $3,364,050

  Retail

  $5,058,981

Location Insight

City

Spokane

County

Spokane

State

Washington

Latitude

47.745

Longitude

-117.397

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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