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    11809 E Sprague Ave Spokane Valley, WA 99037

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    For Sale
    $1,254,815

    Retail property with tenant leases and income potential.

    Property size:
    6,300 SF
    Lot size:
    1.36 Acres

    Property Features for 11809 E Sprague Ave

    General Information

    Size
    6,300 SF
    Lot size
    1.36 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 Investment Opportunity Available

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    West Coast Screen ... Screen Printing Shop West Coast Direct ... Screen Printing Shop 19Ninety Apparel Clothing Store Devil's Brew Coffee Shop Admen Banner and Sign Graphic Designer

    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
    -117.2429025
    Latitude
    47.6574176

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    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 $1,254,815.
    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.
    (509) 220-3835
    Request Owner's contact information
    11809 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
    11809 E Sprague Ave Spokane Valley, WA 99037
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