427 Sinto AveSpokane, WA 99201

  • Office properties
  • 12,891 SF
For Lease
$16.75/SF/YR View listing

Property Details for 427 Sinto Ave

Year built
2003
Lot size
0.80 AC
Property size (Sq ft)
12,891 SF
Property type
Office properties
Property subtype
Office buildings
APN
35181.2422
APU
351812422

Description

This exceptional office space, located at 427 W Sinto Ave in Spokane, Washington, presents a unique opportunity for businesses seeking a professional environment in Spokane County. The property is classified as an office building with a professional subtype and offers multiple tenancy options. Currently, there is 4,000 square feet of vacant space immediately available, representing a significant portion of the building's total area. The minimum divisible space is also 4,000 square feet, making it ideal for a single large tenant or a smaller group seeking contiguous space. The address is conveniently located in the 99201 zip code of Spokane, Washington, offering easy access to local amenities and transportation networks. This property is perfect for businesses requiring a substantial amount of space in a well-established Spokane location. The building's professional subtype suggests a high-quality build and finish, suitable for a range of professional services. The multiple tenancy option indicates flexibility in lease terms and potential for future expansion or subletting. This is a rare opportunity to secure a significant amount of prime office space in a desirable Spokane location. Interested parties should act quickly to secure this exceptional property. Further details regarding lease terms and conditions are available upon request.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,238,146
    6.5%
    $2,065,981
    7%
    $1,918,411
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,748,490
    Geo Method
    $2,748,490
  • Alternative Use

    Use
    Valuation
    Residential
    $2,561,816
    Hospitality
    $2,346,610
    Educational
    $1,952,352
    Medical
    $2,019,496
    Retail
    $3,036,992
427 Sinto Ave, Spokane, Washington

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.6699
Longitude
-117.419
CBSA code
44060
CBSA name
SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,226
$208,480
$2,172,300
$2,380,780
-
$208,480
$2,172,300
$2,380,780

FAQs

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