Restaurant Property for
For Sale
$900,000
6505 E Sprague Ave, Spokane, WA 99212
Commercial restaurant property offered for sale at 6505 E Sprague Ave in Spokane.
Property Size2,406 SF
Days on Market215
Property Features for 6505 E Sprague Ave
General Information
Standard status
Active
Size
2,406 SF
Property subtype
Retail - Restaurant
Building Details
Building Size
2,406 SF
Year Built
1969
Listing Agency:
Kidder Mathews
Listed By:
Kevin Verger · License #26206
(206) 946-9425
Source:
Commercialcafe
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 26 at 1:05PM
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 Kidder Mathews
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.
This restaurant property is offered for sale as a conventional restaurant and commercial real estate asset. The listing includes a single address location at 6505 E Sprague Ave in Spokane, Washington.
As presented, the offering is categorized for restaurant use within the broader commercial real estate market. Interested buyers should review the property directly and confirm any operational details, improvements, and intended use specifics as part of their due diligence.
Please contact for additional information regarding the property’s condition, layout, and any available documents tied to the sale process.
As presented, the offering is categorized for restaurant use within the broader commercial real estate market. Interested buyers should review the property directly and confirm any operational details, improvements, and intended use specifics as part of their due diligence.
Please contact for additional information regarding the property’s condition, layout, and any available documents tied to the sale process.
Key Highlights
- Commercial restaurant property for sale at 6505 E Sprague Ave in Spokane
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,200
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,000
$584.0K
Cap Rate 7%
$417,143
$417.1K
Cap Rate 9%
$324,444
$324.4K
Market Conditions
NOI Build-Up for 2,406 SF
Gross rent
$41.9K $17.40/SF
− Vacancy
−$2.9K −$1.22/SF
EGI
$38.9K $16.18/SF
− OpEx
−$9.7K −$4.05/SF
NOI
$29.2K $12.14/SF
Area
Spokane, WA
Vacancy
7.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,000
Cap Rate 7%
$417,143
Cap Rate 9%
$324,444
Alternative Uses
Best Use
Specialty Retail
$417.1K
$365.0K – $486.7K
NOI $29,200 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.7K
$543.2K – $724.2K
NOI $43,452 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial restaurant property offered for sale at 6505 E Sprague Ave in Spokane.
Where is this conventional restaurant located?
The property is located at 6505 E Sprague Ave Spokane, WA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Commercial restaurant property for sale at 6505 E Sprague Ave in Spokane; Built in 1969
