Retail Space For
12622 E Sprague Ave Spokane Valley, WA 99216
12622 E Sprague Ave, Spokane Valley, WA, 99216
Contact for pricing
For Sale
Contact for pricing
Retail space available, totaling 4,491 square feet.
Property Size4,491 SF
Price / SF$267.20
Days on Market53
Property Features for 12622 E Sprague Ave
General Information
- Standard status
- Active
- Size
- 4,491 SF
- Property subtype
- Retail
Listing Agency
First Look Real Estate
(509) 863-4853
Listed by
Michael King · License #WA 98304
Source
Crexi
Added: May 26 Checked: Jul 14 at 9:23 pm
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 First Look Real Estate
Investment Insights
Based on property information with market context.
This commercial property offers 4,491 square feet of retail space. It is currently listed for sale.
Key Highlights
- Retail Property
- 4,491 SqFt
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 | $64.7k | $14.40 |
| − Vacancy | −$5.2k | −$1.15 |
| EGI | $59.5k | $13.25 |
| − OpEx | −$17.8k | −$3.97 |
| NOI | $41.6k | $9.27 |
4,491 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$595.0K
$520.6K – $694.1K
NOI $41,648 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$975.6K
$853.7K – $1.14M
NOI $68,292 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conley's Place Restaurant
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space available, totaling 4,491 square feet.
Where is this retail space located?
The property is located at 12622 E Sprague Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Retail Property; 4,491 SqFt
