Mixed-Use Retail and Warehouse
New
For Sale
$1,550,000
7311 Sprague, Spokane Valley, WA 99212
An open showroom, service bays, offices, storage, and a secured yard support a range of commercial functions.
Property Size14,307 SF
Price / SF$108.34
Days on Market1
Property Features for 7311 Sprague
General Information
Standard status
Active
Size
14,307 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Mixed-Use Components
retail, warehouse
Additional Details
Property Use
Retail/Warehouse
Building Details
Year Built
1969
Buildings
1
Building Size
14,307 SF
Listing Agency:
G. Arger Company
Listed By:
Gene Arger · License #87101
(509) 844-8814
Source:
Clearwaterproperties
Added: Oct 30
Last Checked: Oct 30 at 2:20PM
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 Company
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Investment Insights
Based on property information with market context.
The 14,307 +/- SF building was constructed in 1969 and combines an open showroom with two shop bays fitted with roll-up doors. Offices, storage areas, and a secured yard are also part of the property. City zoning permits retail, automobile, boat and RV services, and light assembly uses.
The property is near I-90 and retailers along Auto Row in Spokane Valley. Showings are by appointment.
The property is near I-90 and retailers along Auto Row in Spokane Valley. Showings are by appointment.
Key Highlights
- 14,307 +/- SF building constructed in 1969
- Two shop bays with roll‑up doors
- Open showroom, offices, storage, and secured yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,677
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,540
$2.7M
Cap Rate 7%
$1,895,386
$1.9M
Cap Rate 9%
$1,474,189
$1.5M
Market Conditions
NOI Build-Up for 14,307 SF
Gross rent
$206.0K $14.40/SF
− Vacancy
−$16.5K −$1.15/SF
EGI
$189.5K $13.25/SF
− OpEx
−$56.9K −$3.97/SF
NOI
$132.7K $9.27/SF
Area
Spokane Valley, WA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,540
Cap Rate 7%
$1,895,386
Cap Rate 9%
$1,474,189
Alternative Uses
Best Use
Mixed Use
$2.23M
$1.95M – $2.60M
NOI $156,232 @ 7.0% cap · market cap 10.08%
Second Best
Retail
$1.90M
$1.66M – $2.21M
NOI $132,677 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,558 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An open showroom, service bays, offices, storage, and a secured yard support a range of commercial functions.
Where is this mixed-use property located?
The property is located at 7311 Sprague Spokane Valley, 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 building constructed in 1969; Two shop bays with roll‑up doors; Open showroom, offices, storage, and secured yard
