Spokane Valley Retail
14909 E Sprague Ave Spokane, WA 99216
14909 E Sprague Ave, Spokane, WA, 99216
$1,275,000
For Sale
$1,275,000
Prime location with high traffic and development potential.
Property Size7,514 SF
Price / SF$169.68
Days on Market242
Property Features for 14909 E Sprague Ave
General Information
- Standard status
- Active
- Size
- 7,514 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing agency
SVN Cornerstone LLC
(509) 601-0695
Listed by
Omar Sadaoui, CCIM · License #WA #22008121
(509) 601-0695
Source
Svn
Added: Nov 21, 2025 Updated: Jul 6 at 8:45AM Checked: Jul 21 at 7:05AM
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 SVN Cornerstone LLC
Investment Insights
Based on property information with market context.
This property features over 380 feet of frontage on Sprague Avenue, encompassing 2.03 acres across three parcels in Spokane Valley, situated between Progress and Adams. It includes a 5,014 square foot retail/office showroom, enhanced by a new TPO roof installed in 2023, and a 2,500 square foot shop/warehouse. The location benefits from average daily traffic exceeding 24,000 vehicles. The property is suitable for owner-users, developers, or investors. The Spokane Valley market offers a mix of residential, retail, and commercial activity. The location benefits from a growing population and consumer activity. Nearby attractions include Spokane Valley Mall, Mirabeau Park, and the Centennial Trail. The property features three curb cuts onto Sprague for isolated ingress/egress, fully fenced and secured perimeters with wrought iron and vinyl fencing, and three fully motorized gates with remote access. The CMU Zoning allows for light manufacturing, retail, multifamily, and offices.
Key Highlights
- Prime Spokane Valley location with over 380 feet of frontage on Sprague Avenue and high traffic count.
- 2.03‑acre assemblage with flexible CMU zoning allowing for light manufacturing, retail, multifamily, and offices.
- Includes a 5,014 SF retail/office showroom with a new TPO roof (2023) and a 2,500 SF shop/warehouse.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.7k | $16.20 |
| − Vacancy | −$10.3k | −$1.38 |
| EGI | $111.4k | $14.82 |
| − OpEx | −$33.4k | −$4.45 |
| NOI | $78.0k | $10.38 |
7,514 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$974.6K – $1.30M
NOI $77,966 @ 7.0% cap · market cap 6.11%
Second Best
Warehouse
$701.2K
$613.6K – $818.1K
NOI $49,084 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,703 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Showrooms
Similar For Sale Nearby
Similar Off Market Nearby
- DESIGN TILE AND FLOORING LLC SPOKANE — 14109 E Sprague Ave #7B, Spokane Valley, WA 99216
FAQs
What type of property is this?
Showroom - Prime location with high traffic and development potential.
Where is this showroom located?
The property is located at 14909 E Sprague Ave Spokane, WA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Prime Spokane Valley location with **over 380 feet of frontage on Sprague Avenue** and high traffic count.; 2.03‑acre assemblage with flexible CMU zoning allowing for light manufacturing, retail, multifamily, and offices.; Includes a **5,014 SF retail/office showroom with a new TPO roof (2023)** and a 2,500 SF shop/warehouse.
