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    9405 Sprague Ave Spokane Valley, WA 99206

    Sponsored
    For Lease
    $8 SF/Yr ($4,761 /Mo)

    Prime Spokane Valley retail space available.

    Lot size:
    7,142 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 7,142 square foot retail strip center, located at 9405 E Sprague Ave in Spokane Valley, WA 99206, presents a compelling investment opportunity. Built in 1974 and renovated in 1979, the property boasts two suites, with one currently vacant, offering 2,508 square feet of immediate potential. The available space measures 1,190 square feet, ideal for a variety of retail uses. The property sits on a 12,768 square foot lot and provides ample parking with a ratio of 7.1 spaces per 100 square feet. The property's location on Sprague Avenue in Spokane Valley offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The property's APN is 45173.1520. This is a rare opportunity to acquire a well-located retail property in a thriving Spokane Valley market. The existing tenant occupies the remaining space. The property's solid construction and history suggest a stable investment with potential for significant returns. The vacant suite presents a chance to customize the space to meet the needs of a new tenant, further enhancing the property's value. This is an excellent opportunity for investors seeking a strong retail presence in a desirable location.

    Property Features for 9405 Sprague Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,142 SF
    Total Rate
    4761.33

    Building Details

    Year Built/Renovated
    1974/1979

    Unit(s) available at that property

    Space
    Suite EE
    Size
    1,190 SF
    Rate per SF
    $8
    Property Profile Location Intelligence

    Current Use by Public Records

    Gifted Hands Salon ... Hair Salon Spokane Valley Licensing, ... License Bureau Bedard & Associates Insurance Agency U-Haul Neighborhood Dealer Van Rental Agency P for Protection Safety Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair 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
    -117.2786977
    Latitude
    47.6574965

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Spokane Valley retail space available.
    Where is this neighborhood center located?
    The property is located at 9405 Sprague Ave Spokane Valley, WA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    Request Owner's contact information
    9405 Sprague Ave Spokane Valley, WA 99206
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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
    9405 Sprague Ave Spokane Valley, WA 99206
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