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    11812 E Sprague Ave Spokane Valley, WA 99037

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    For Sale
    $1,836,686

    Retail space for sale, leased through April 2028.

    Property size:
    7,178 SF
    Lot size:
    0.60 Acres

    Property Features for 11812 E Sprague Ave

    General Information

    Size
    7,178 SF
    Lot size
    0.60 Acres

    Source: Re/Max of Spokane-Commercial Agent Tom Watson-Mgr.Broker

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

    Overview

    Retail Store on Sprague Avenue

    This retail store is located on East Sprague Avenue, near the Spokane Valley Post Office. The property is currently leased through April 30, 2028, with an option to extend the lease for five years. The property has a size of 7178 square feet. Nearby storage units at 11626 East 1st Avenue and 11706 East 1st Avenue are currently used by the business and are listed separately.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dottie's Discount Jewelry Jeweler Pawn 1 Spokane ... Pawn Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -117.2439321
    Latitude
    47.65665

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    FAQs

    What type of property is this?
    Retail space - Retail space for sale, leased through April 2028.
    Where is this retail space located?
    The property is located at 11812 E Sprague Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $1,836,686.
    What are key features of this property?
    This property features: - Leased through 4-30-2028 with option to extend 5 years, providing stable income.; - Located on busy Sprague Ave, offering **high visibility and traffic**.; - Proximity to the Spokane Valley Post Office, a potential draw for customers.
    (509) 220-3835
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    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
    11812 E Sprague Ave Spokane Valley, WA 99037
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