Established Spokane Limousine Business For
430 E Sprague Ave Spokane, WA 99202
430 E Sprague Ave, Spokane, WA, 99202
Contact for pricing
For Sale
Contact for pricing
Prestigious limousine business with 33-year legacy, fully licensed and insured.
Property Size32,234 SF
Price / SF$77.56
Days on Market828
Property Features for 430 E Sprague Ave
General Information
- Standard status
- Active
- Size
- 32,234 SF
- Property subtype
- Retail
Listing Agency
Goodale & Barbieri
(509) 344-4909
Listed by
Ryan Oberg · License #WA B111788
Source
Crexi
Added: Apr 10, 2024 Checked: Jul 16 at 5:25 am
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
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.
Local Financial Insights For Industrial
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 | $286.2k | $8.88 |
| − Vacancy | −$18.3k | −$0.57 |
| EGI | $267.9k | $8.31 |
| − OpEx | −$80.4k | −$2.49 |
| NOI | $187.5k | $5.82 |
32,234 SF · lease $8.88/SF/yr · vacancy 6.40% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Downtown Auto Specialists
Auto Repair Shop
Oldies But Goodies ...
Car Dealership
Napo's NU 2 ...
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 905 E 3rd Ave, Spokane, WA 99202
FAQs
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.
