Retail Investment Opportunity
11809 E Sprague Ave Spokane Valley, WA
11809 E Sprague Ave, Spokane Valley, WA, 00000
Contact for pricing
For Sale
Contact for pricing
Retail property with tenant leases and income potential.
Property Size6,300 SF
Lot Size1.36 Acres
Price / SF$187.30
Days on Market236
Property Features for 11809 E Sprague Ave
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 1.36 Acres
- Property subtype
- RETAIL
Listing Agency
Re/Max of Spokane-Commercial
(509) 220-3835
Listed by
Tom Watson-Mgr.Broker
(509) 220-3835
Source
Moodyscre
Added: Nov 24, 2025 Checked: Jul 17 at 6:02 am
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 Re/Max of Spokane-Commercial
Investment Insights
Based on property information with market context.
This retail property features multiple tenants, including sign space. Current leases include 3% annual rent escalations through April 30, 2027. The owner utilizes a 2,400 square foot stick-frame building constructed in 2016, located on the west side of the property, for personal storage and maintenance equipment. The property size is 6,300 square feet.
Key Highlights
- Price reduced to a 7 CAP with purchase of adjoining parcel.
- Four current tenants, including sign space.
- Current rents have 3% escalators through April 30, 2027.
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 | $90.7k | $14.40 |
| − Vacancy | −$7.3k | −$1.15 |
| EGI | $83.5k | $13.25 |
| − OpEx | −$25.0k | −$3.97 |
| NOI | $58.4k | $9.27 |
6,300 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$834.6K
$730.3K – $973.7K
NOI $58,424 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,800 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
West Coast Screen ...
Textile Manufacturer
West Coast Direct ...
Textile Manufacturer
19Ninety Apparel
Clothing Store
Devil's Brew
Cafe & Coffee Shop
Admen Banner and Sign
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property with tenant leases and income potential.
Where is this retail space located?
The property is located at 11809 E Sprague Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Price reduced to a 7 CAP with purchase of adjoining parcel.; Four current tenants, including sign space.; Current rents have 3% escalators through April 30, 2027.
