Retail Storefront with
10020 E Sprague Ave, Spokane Valley, WA 99206
For Sale
Contact for pricing
One-level commercial space combines an open showroom with office and warehouse areas, pylon signage, and private parking.
Property Size8,462 SF
Lot Size0.76 Acres
Price / SF$212.12
Days on Market54
Property Features for 10020 E Sprague Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Pylon Signage
Building Details
Buildings
Listing Agency:
Goodale & Barbieri Company
(509) 459-6109
Listed By:
Cory Barbieri · License #B92954
(509) 999-9324
Source:
Moodyscre
Added: Sep 17
Changed: Nov 7
Last Checked: Nov 8 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodale & Barbieri Company
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Investment Insights
Based on property information with market context.
This retail storefront contains 8,462 square feet within a one-level layout that combines a large open showroom with office and warehouse areas. Pylon signage and a private parking lot support customer access and on-site business operations. The property sits on a 33,300-square-foot lot and carries Corridor Commercial zoning.
Positioned along the Sprague Avenue corridor in Spokane Valley, the site is near City of Spokane Valley City Hall and benefits from visibility along a high-traffic commercial roadway. The configuration provides a combination of display, administrative, storage, and parking areas within one building.
Positioned along the Sprague Avenue corridor in Spokane Valley, the site is near City of Spokane Valley City Hall and benefits from visibility along a high-traffic commercial roadway. The configuration provides a combination of display, administrative, storage, and parking areas within one building.
Key Highlights
- 8,462 SF retail building
- 33,300 SF lot
- Open showroom with office and warehouse areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,473
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,569,460
$1.6M
Cap Rate 7%
$1,121,043
$1.1M
Cap Rate 9%
$871,922
$871.9K
Market Conditions
NOI Build-Up for 8,462 SF
Gross rent
$121.9K $14.40/SF
− Vacancy
−$9.7K −$1.15/SF
EGI
$112.1K $13.25/SF
− OpEx
−$33.6K −$3.97/SF
NOI
$78.5K $9.27/SF
Area
Spokane Valley, WA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,569,460
Cap Rate 7%
$1,121,043
Cap Rate 9%
$871,922
Alternative Uses
Best Use
Retail
$1.12M
$980.9K – $1.31M
NOI $78,473 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,677 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Spokane County, WA
Properties on Market for Storefront properties in Spokane County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - One-level commercial space combines an open showroom with office and warehouse areas, pylon signage, and private parking.
Where is this storefront property located?
The property is located at 10020 E Sprague Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 8,462 SF retail building; 33,300 SF lot; Open showroom with office and warehouse areas
