507 Sullivan RdSpokane Valley, WA 99037

Property Details for 507 Sullivan Rd

Year built

1985

Construction

STEEL FRAME

Lot size

0.79 AC

Property size (Sq ft)

4,984 SF

Property type

Medical offices

Property subtype

Medical space

APN

45144.1135

APU

451441135

Description

This exceptional Class A dental office space, totaling approximately 2,731 square feet, is ideally situated at 507 N Sullivan Rd in Spokane Valley, WA 99037. Currently available for lease, this multi-tenant property offers a bright, lower-level suite with ample natural daylight. The space is perfect for a dental practice seeking a move-in ready location with high visibility. A significant advantage is the prominent signage opportunity directly on Sullivan Road, ensuring excellent exposure to the high volume of traffic. The average daily traffic count on Sullivan Road is approximately 28,790 vehicles, providing substantial potential for patient acquisition. Convenient on-site parking is also available for both staff and patients. The lease rate is $20.00 per square foot, modified gross. The space will be available for occupancy starting August 1st, 2024. This is a fantastic opportunity for a growing dental practice to establish or relocate to a thriving Spokane Valley location. The property is classified as a medical office within an office building.

• CAP approach

  CAP return

  Valuation

  6%

  $891,316

  6.5%

  $822,753

  7%

  $763,985

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,062,639

  Geo Method

  $1,062,639

• Alternative Use

  Use

  Valuation

  Residential

  $1,020,214

  Hospitality

  $934,510

  Educational

  $777,502

  Medical

  $804,241

  Retail

  $1,209,447

Location Insight

City

Spokane Valley

County

Spokane

State

Washington

Latitude

47.6618

Longitude

-117.197

CBSA code

44060

CBSA name

SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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