Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11530 Sprague Ave Spokane Valley, WA 99206

    For Lease
    $9 SF/Yr

    High-traffic retail spaces available now

    Lot size:
    25,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail investment opportunity is located on Sprague Avenue in Spokane County, encompassing a substantial 137,680 square foot lot. The property features a total of 25,800 square feet of building space, currently divided into multiple tenancies. A significant portion of the property is already occupied, with approximately 1,200 square feet of retail space currently available for lease. The existing buildings were constructed in phases, with portions dating back to 1974 and others completed in 1991. The flexible layout allows for a variety of retail uses, catering to diverse business needs. The high-traffic location on Sprague Avenue ensures excellent visibility and accessibility for potential tenants, making this an ideal investment for those seeking a strong return. The substantial lot size presents opportunities for future expansion or redevelopment, adding further value to this already impressive property. With a mix of existing tenants and readily available space, this property offers immediate income potential and long-term growth prospects. The 1,200 square feet of vacant space provides an immediate opportunity to secure a new tenant and increase revenue. This property is a rare find, combining established success with significant potential for future development. Don't miss this chance to acquire a prime retail center in a thriving Spokane County location.

    Property Features for 11530 Sprague Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,800 SF
    Total Rate
    21414

    Unit(s) available at that property

    Space
    11528
    Size
    1,200 SF
    Rate per SF
    $10
    Space
    Pad Site
    Size
    24,829 SF
    Space
    11512 E Sprague Ave
    Size
    1,560 SF
    Rate per SF
    $15
    Space
    11514 E Sprague Ave
    Size
    2,100 SF
    Rate per SF
    $9
    Space
    11512 & 11512 E Sprague Ave
    Size
    3,660 SF
    Rate per SF
    $12

    HighLights

    • Retail property totaling 25,800 square feet.
    • Five available retail spaces ranging from 1,200 to 24,829 square feet.
    • 1,200 square feet of vacant space.
    • Situated on a 137,680 square foot lot.
    • Located in Spokane County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spokane Community College ... College Institute For Extended Learning School

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.2492742
    Latitude
    47.6559408

    Nearby Similar for Lease

    • $16 SF/Yr
      10,478 SF

      Spokane Valley Office Space Available

      Available office space in premier business park near natural areas.
      3309 Cherry St, Spokane Valley, WA
      View Details
    • $1.20 SF/Yr
      11,000 SF

      Spokane Valley Flex Space Available

      Flex space available in Spokane Valley, ranging from 4,000-6,000 SF.
      5216 E Broadway Ave, Spokane Valley, WA 99212
      View Details
    • $13 SF/Yr
      25,800 SF

      Mirabeau Parkway Office Complex

      Prime Spokane County Office/Industrial Space
      12410 Mirabeau Pkwy, Spokane Valley, WA 99216
      View Details
    • $1.89 SF/Yr
      9,916 SF

      Spokane Valley Industrial Space Available

      Flexible industrial space with office, warehouse, and secure yard.
      925 N Fancher Rd, Spokane Valley, WA
      View Details
    • $1.35 SF/Yr
      11,700 SF

      New Industrial Flex Space

      New industrial flex buildings in Spokane Valley, available December 2025.
      4524 North Barker Rd, Spokane Valley, WA 99027
      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

    FAQs

    What type of property is this?
    Retail property - High-traffic retail spaces available now
    Where is this retail property located?
    The property is located at 11530 Sprague Ave Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 25,800 square feet.; Five available retail spaces ranging from 1,200 to 24,829 square feet.; 1,200 square feet of vacant space.
    Request Owner's contact information
    11530 Sprague Ave Spokane Valley, WA 99206
    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.
    11530 Sprague Ave
    Spokane Valley, WA 99206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    11530 Sprague Ave Spokane Valley, WA 99206
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.