Retail Building with Auto
For Sale
$450,000
2101 E Sprague Ave, Spokane, WA 99202
Freestanding retail building with paved, fenced auto lot and dual commercial zoning along E Sprague Ave.
Property Size3,734 SF
Lot Size0.69 Acres
Price / SF$120.51
Days on Market94
Property Features for 2101 E Sprague Ave
General Information
Standard status
Active
Size
3,734 SF
Lot size
0.69 Acres
Property subtype
Retail - Street Retail
Zoning
CC2-EC and CC1-EC
Additional Details
Fenced Yard
Yes
Building Details
Building Size
3,734 SF
Year Built
1970
Units
1
Listing Agency:
NAI Black
Listed By:
James Black III
Source:
Commercialcafe
Added: Jul 13
Changed: Oct 11
Last Checked: Oct 12 at 4:36PM
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 NAI Black
Investment Insights
Based on property information with market context.
This retail building and auto lot offering includes a 3,734 SF structure built in 1970, situated on approximately 0.69 acres of total land. The site is paved and fenced, supporting vehicle-oriented operations or display needs.
The property is located at E Sprague Ave and N Crestline St. Average daily traffic is reported at 120,452 ADT on E Sprague Ave and 7,100 ADT on N Napa St, providing visibility for retail and related uses.
Zoning is listed as CC2-EC and CC1-EC.
The property is located at E Sprague Ave and N Crestline St. Average daily traffic is reported at 120,452 ADT on E Sprague Ave and 7,100 ADT on N Napa St, providing visibility for retail and related uses.
Zoning is listed as CC2-EC and CC1-EC.
Key Highlights
- Freestanding retail building with 3,734 SF plus paved, fenced auto lot
- Auto lot includes 0.69 acres of total land
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,744
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,880
$774.9K
Cap Rate 7%
$553,486
$553.5K
Cap Rate 9%
$430,489
$430.5K
Market Conditions
NOI Build-Up for 3,734 SF
Gross rent
$60.5K $16.20/SF
− Vacancy
−$5.1K −$1.38/SF
EGI
$55.3K $14.82/SF
− OpEx
−$16.6K −$4.45/SF
NOI
$38.7K $10.38/SF
Area
Spokane, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,880
Cap Rate 7%
$553,486
Cap Rate 9%
$430,489
Alternative Uses
Best Use
Retail
$553.5K
$484.3K – $645.7K
NOI $38,744 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$963.4K
$843.0K – $1.12M
NOI $67,436 @ 7.0% cap · market cap 14.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99202, WA
21,969
Population
8,296
Households
2.6
Avg Household Size
31
Median Age
33%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
3,724
Density / Sq Mi
$61,323
Median Household Income
$31,892
Median Earnings
$1,070
Median Rent
$268,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building with paved, fenced auto lot and dual commercial zoning along E Sprague Ave.
Where is this storefront property located?
The property is located at 2101 E Sprague Ave Spokane, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Freestanding retail building with 3,734 SF plus paved, fenced auto lot; Auto lot includes 0.69 acres of total land; Built in 1970
