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    5320 Sprague Ave Spokane Valley, WA 99212

    Sponsored
    For Lease
    $18 SF/Yr

    High-traffic retail space, 1,620 sq ft available.

    Lot size:
    19,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail space, Suite 200, totaling 1,620 square feet, is available for lease starting March 1, 2025. Located at 5320 E Sprague Ave in Spokane Valley, WA 99212, this property benefits from its prime location within a high-traffic area boasting 22,700 cars per day on Sprague Avenue. The building itself is 19,780 square feet and was constructed in 1968. Currently, 14,620 square feet are vacant, presenting a unique opportunity for a business seeking significant space. The property features convenient access to and from Interstate 90, providing excellent visibility and accessibility. Ample parking is available with 44 parking stalls. The property sits on a sizable lot of approximately 44,000 square feet. This location offers exceptional synergy with established national retailers, including Home Depot, Lowe's, Costco, Walmart, Starbucks, and Panda Express, creating a strong retail environment and attracting significant foot traffic. The property's APN is 358231.1511, and it is situated in Spokane County. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a thriving retail corridor.

    Property Features for 5320 Sprague Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,780 SF
    Total Rate
    29670

    Building Details

    Year Built
    1968

    Unit(s) available at that property

    Space
    Suite 200
    Size
    1,620 SF
    Rate per SF
    $18

    HighLights

    • 1,620 SF retail space available for lease at 5320 E Sprague Ave, Spokane Valley, WA 99212, starting March 1, 2025.
    • High‑traffic location with 22,700 cars daily on Sprague Ave.
    • Building features 44 parking stalls and sits on a ~44,000 SF lot.
    • Excellent visibility and access to I‑90.
    • Strong retail synergy with national retailers including Home Depot, Lowe's, Costco, Walmart, Starbucks, and Panda Express.
    Property Profile Location Intelligence

    Current Use by Public Records

    Floret by Planted Flower Delivery Planted Plant Co Plant Nursery Phillycious Sandwich Shop Kumon Math and Reading ... After School Program TDS Fiber Internet Service Provider

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.3326896
    Latitude
    47.6566812

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, 1,620 sq ft available.
    Where is this retail property located?
    The property is located at 5320 Sprague Ave Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 1,620 SF retail space available for lease at 5320 E Sprague Ave, Spokane Valley, WA 99212, starting March 1, 2025.; High-traffic location with 22,700 cars daily on Sprague Ave.; Building features 44 parking stalls and sits on a ~44,000 SF lot.
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    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
    5320 Sprague Ave Spokane Valley, WA 99212
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