Flex Space with Secured
New
For Sale
Contact for pricing
7311 E Sprague Ave, Spokane, WA 99212
A flexible commercial layout combines customer-facing showroom space with service bays, office areas, and storage.
Property Size14,307 SF
Price / SF$108.34
Days on Market3
Property Features for 7311 E Sprague Ave
General Information
Standard status
Active
Size
14,307 SF
Property subtype
FLEX_R_AND_D
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Mixed-Use Components
retail, warehouse
Additional Details
Property Use
Retail / Warehouse / Flex
Amenities
open showroom
two shop bays with roll up doors
offices
storage
secured yard
Building Details
Buildings
1
Building Size
14,307 SF
Listing Agency:
G. Arger Co.Real Estate Inc.
(509) 926-5311
Listed By:
Gene Arger · License #87101
(509) 844-8814
Source:
Moodyscre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:48PM
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 G. Arger Co.Real Estate Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14,307-square-foot flex property includes an open showroom, two shop bays with roll-up doors, office space, storage, and a secured yard. Its configuration brings customer-facing and service areas together within one building.
Located on E Sprague Avenue in Spokane Valley, the property offers access to I-90 and sits near national and local retailers along Auto Row. City zoning permits retail, automobile, boat, and RV services, as well as light assembly.
Located on E Sprague Avenue in Spokane Valley, the property offers access to I-90 and sits near national and local retailers along Auto Row. City zoning permits retail, automobile, boat, and RV services, as well as light assembly.
Key Highlights
- 14,307 SF flex building
- Open showroom, offices, and storage areas
- Two shop bays with roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,457
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,140
$1.9M
Cap Rate 7%
$1,335,100
$1.3M
Cap Rate 9%
$1,038,411
$1.0M
Market Conditions
NOI Build-Up for 14,307 SF
Gross rent
$121.9K $8.52/SF
− Vacancy
−$11.9K −$0.83/SF
EGI
$109.9K $7.69/SF
− OpEx
−$16.5K −$1.15/SF
NOI
$93.5K $6.53/SF
Area
Spokane, WA
Vacancy
9.80%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,140
Cap Rate 7%
$1,335,100
Cap Rate 9%
$1,038,411
Alternative Uses
Best Use
Retail
$2.12M
$1.86M – $2.47M
NOI $148,451 @ 7.0% cap · market cap 9.58%
Second Best
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,457 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,384 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
420
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A flexible commercial layout combines customer-facing showroom space with service bays, office areas, and storage.
Where is this flex space located?
The property is located at 7311 E Sprague Ave Spokane, WA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 14,307 SF flex building; Open showroom, offices, and storage areas; Two shop bays with roll‑up doors
