Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Visible Retail Frontage in Spokane Title is generated by Realmo AI

    7918 East Sprague Avenue, Spokane Valley, WA 99212

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime commercial lease opportunity in Spokane Valley's auto corridor.

    Type:Retail
    Property size:
    1,800 SF
    Lot size:
    0.57 Acres
    Added:
    May 20, 2026
    Days on Market:
    11
    Last Refresh:
    May 21 at 7:11 am

    Property Features for 7918 East Sprague Avenue

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Lot size
    0.57 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1930

    Spaces For Lease

    at 7918 East Sprague Avenue Contact us

    We can help!

    Listing Contact
    Tim Kestell
    Tim Kestell

    Listing agent Tim Kestell License #WA 84800

    Listing office Kiemle Hagood

    Listing date May 20, 2026

    Source Crexi

    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 Kiemle Hagood

    HighLights

    • Highly visible retail frontage on heavily traveled Sprague Avenue with approximately 185 feet of street exposure.
    • Zoned RC (Regional Commercial), ideal for automotive sales, service, retail, or a variety of commercial uses.
    • Located along Spokane Valley’s premier Auto Row district.
    • Approximately ±1,800 SF of office/retail space on ±25,000 SF of land.
    • Prominent building and pylon signage opportunities.
    • Two overhead doors and ample on‑site area for parking, display, or outdoor storage.

    Overview

    This commercial lease opportunity is located at 7918 & 8006 E. Sprague Avenue in the heart of Spokane Valley’s established auto corridor. The property offers approximately 1,800 square feet of office or retail space on approximately 25,000 square feet of land. It features frontage along Sprague Avenue, with approximately 185 feet of street exposure. The site is zoned RC (Regional Commercial), making it suitable for automotive sales, service, retail, or a variety of other commercial uses. The property includes two overhead doors, building and pylon signage opportunities, and on-site area for parking, display, or outdoor storage. It is located along Spokane Valley’s premier Auto Row district.
    Location Intelligence

    Current Use by Public Records

    Tom Rousseau Insurance ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.29785
    Latitude
    47.656147

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      WA, Spokane Valley - E Mirabeau Pkwy

      12709 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $20 SF/Yr
      1,800 SF

      Spokane Valley Retail/Automotive Space

      Highly visible commercial space in Spokane Valley's auto corridor.
      7918-8006 E Sprague Ave, Spokane Valley, WA 99212
      View Details
    • $14,500/Mo
      4,250 SF

      Retail/Automotive Space on Sprague Avenue

      High-traffic location suitable for retail or automotive businesses.
      8022 E Sprague Ave, Spokane Valley, WA 99212
      View Details
    • $12,000/Mo
      14,574 SF

      Spokane Valley Industrial Property Rental

      14,574 SF industrial property with warehouse and office space.
      10607 E Montgomery Dr, Spokane Valley, WA 99206
      View Details
    • $20 SF/Yr
      7,056 SF

      Retail/Office Space For Rent

      Retail and office spaces available for lease with high visibility.
      13221 E 32nd Avenue, Spokane Valley, WA 99216
      View Details
    • $18,000/Mo
      5,924 SF

      Restaurant & Sports Bar Sublease

      Fully equipped restaurant and sports bar available for sublease.
      14004 E Indiana Ave, Spokane Valley, WA 99216
      View Details
    • $7 SF/Yr
      16,000 SF

      Spokane Valley Warehouse Space Available

      16,000 SF warehouse space with office and easy access.
      3808 N Sullivan Rd, Spokane Valley, WA 99216
      View Details
    • $22 SF/Yr
      7,617 SF

      Retail/Office Space in Retail Hub

      7,617 SF retail/office space in high-traffic retail hub.
      16001 E Broadway Ave, Spokane Valley, WA 99037
      View Details
    • $18 SF/Yr
      1,620 SF

      Retail Space on Sprague Avenue

      Retail space available for lease on Sprague Avenue.
      5320 E Sprague Ave, Spokane Valley, WA
      View Details
    • $14 SF/Yr
      3,499 SF

      Versatile Spokane Valley Office Space

      Former dental office suitable for medical or general office use.
      826 N Mullan Rd, Spokane Valley, WA
      View Details
    • $12 SF/Yr
      11,414 SF

      Spokane Valley Retail/Office Space

      Available retail/office spaces in Spokane Valley, ranging from 353± SF.
      122 N University Road, Spokane Valley, WA 99206
      View Details
    • $1,411/Mo
      7,062 SF

      Retail Space Near WinCo

      Retail space available near WinCo and University Road.
      9827 E Sprague Ave, Spokane Valley, WA 99206
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime commercial lease opportunity in Spokane Valley's auto corridor.
    Where is this retail space located?
    The property is located at 7918 East Sprague Avenue Spokane Valley, WA.
    What are key features of this property?
    This property features: Highly visible retail frontage on heavily traveled Sprague Avenue with approximately 185 feet of street exposure.; Zoned RC (Regional Commercial), ideal for automotive sales, service, retail, or a variety of commercial uses.; Located along Spokane Valley’s premier Auto Row district.
    (509) 838-6541 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Kestell
    Tim Kestell
    Real Estate License ID: WA 84800
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7918 East Sprague Avenue, Spokane Valley, WA 99212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!