Established Spokane Limousine Business For
For Sale
Contact for pricing
430 E Sprague Ave, Spokane, WA 99202
Prestigious limousine business with 33-year legacy, fully licensed and insured.
Property Size32,234 SF
Price / SF$77.56
Days on Market920
Property Features for 430 E Sprague Ave
General Information
Standard status
Active
Size
32,234 SF
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Goodale & Barbieri
Listed By:
Ryan Oberg · License #WA B111788
(509) 344-4909
Source:
Crexi
Added: Apr 10, 2024
Changed: Oct 13
Last Checked: Oct 14 at 11:12PM
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 Goodale & Barbieri
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 430 E Sprague Ave in Spokane, WA, Spokane Limousine is an established business with a 33-year history. The company is fully licensed, bonded, state inspected, and comprehensively insured, prioritizing safety, reliability, and professionalism. The business maintains a fleet of vehicles and employs experienced chauffeurs. Spokane Limousine provides luxury transportation services for special occasions, corporate events, and airport transfers. The property size is 32234 square feet.
Key Highlights
- Established business with a 33‑year legacy in luxury transportation.
- Fully licensed, bonded, state inspected, and comprehensively insured operation.
- Meticulously maintained fleet of vehicles.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,543
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,750,860
$3.8M
Cap Rate 7%
$2,679,186
$2.7M
Cap Rate 9%
$2,083,811
$2.1M
Market Conditions
NOI Build-Up for 32,234 SF
Gross rent
$286.2K $8.88/SF
− Vacancy
−$18.3K −$0.57/SF
EGI
$267.9K $8.31/SF
− OpEx
−$80.4K −$2.49/SF
NOI
$187.5K $5.82/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,750,860
Cap Rate 7%
$2,679,186
Cap Rate 9%
$2,083,811
Alternative Uses
Best Use
Retail
$4.78M
$4.18M – $5.57M
NOI $334,463 @ 7.0% cap · market cap 13.38%
Second Best
Industrial
$2.68M
$2.34M – $3.13M
NOI $187,543 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$8.32M
$7.28M – $9.70M
NOI $582,146 @ 7.0% cap · market cap 23.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,975
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Enterprise Rent-A-Car — 41 W 3rd Ave, Spokane, WA 99201
- U-Box at U-Haul — 21 W 3rd Ave, Spokane, WA 99201
- Trailer Rental at U-Haul — 21 W 3rd Ave, Spokane, WA 99201
- U-Haul Storage of Midtown — 21 W 3rd Ave, Spokane, WA 99201
- Propane Refill at U-Haul — 21 W 3rd Ave, Spokane, WA 99201
Frequently Asked Questions
What type of property is this?
Automotive property - Prestigious limousine business with 33-year legacy, fully licensed and insured.
Where is this automotive property located?
The property is located at 430 E Sprague Ave Spokane, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Established business with a 33‑year legacy in luxury transportation.; Fully licensed, bonded, state inspected, and comprehensively insured operation.; Meticulously maintained fleet of vehicles.
