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    8401 E Sprague Ave Spokane Valley, WA 99037

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    For Sale
    $1,615,000

    Retail center with income potential in Spokane Valley, WA.

    Property size:
    9,000 SF
    Lot size:
    0.53 Acres

    Property Features for 8401 E Sprague Ave

    General Information

    Size
    9,000 SF
    Lot size
    0.53 Acres

    Source: John L. Scott Spokane Valley-Liberty Lake Agent Rebecca Usai

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High Visibility Retail Center

    This retail center is located on Sprague Avenue in Spokane Valley, Washington. The property, suitable for investors or owner-users seeking additional income, currently operates as two suites but was originally configured as three and could be converted again. One suite, comprising 7,750 square feet, will be vacant in August. This space includes a retail showroom, office space, and warehouse area, featuring two offices, a conference room, a reception area, three bathrooms (one with a shower), storage, and two grade-level roll-up doors (10 feet wide by 10 feet high and 10 feet wide by 8 feet high). The second suite is leased to a salon with four stations, three semi-private rooms, an office, a restroom, two shampoo bowls, and a washer/dryer area. Neighboring businesses include AutoNation Acura, Toyota, Chevrolet, and Corwin Ford. The property is located near Costco, Home Depot, Lowe's, and offers access to Interstate 90. The total property size is 9,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Forza Fitness USA Exercise Equipment Store Better Body Fitness ... Exercise Equipment Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.2984635
    Latitude
    47.6572825

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    FAQs

    What type of property is this?
    Shopping center - Retail center with income potential in Spokane Valley, WA.
    Where is this shopping center located?
    The property is located at 8401 E Sprague Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $1,615,000.
    What are key features of this property?
    This property features: - High visibility retail center on Sprague Ave in Spokane Valley, WA.; - Opportunity for investor or owner-user with potential income from existing tenant.; - **Vacant 7,750 SF suite (Suite 1) available in August with retail showroom, office, and warehouse space.**
    (509) 844-3737
    Request Owner's contact information
    8401 E Sprague Ave Spokane Valley, WA 99037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8401 E Sprague Ave Spokane Valley, WA 99037
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