Charming Building in Revitalized
9919 E Sprague Ave, Spokane Valley, WA
Call to check price and availability
5,400 SF commercial building with flexible floor plan.
Type:RETAIL
Property size:
7,200 SFLot size:
0.51 AcresPrice / SF:
$159/SF- Added:
- Nov 24, 2025
- Days on Market:
- 184
- Last Refresh:
- May 20 at 8:50 pm
Property Features for 9919 E Sprague Ave
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Lot size
- 0.51 Acres
- Property subtype
- RETAIL
Listing agent Rebecca Usai License #SP34974 (509) 844-3737
Listing office John L. Scott Spokane Valley-Liberty Lake (509) 844-3737
Listing date Nov 24, 2025
Source Moodyscre
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 John L. Scott Spokane Valley-Liberty Lake
HighLights
- Prime corner location in a revitalized commercial corridor with high visibility and steady traffic.
- Architecturally significant building (John Saylor design) with unique features like a red tile roof, French doors, Palladian windows, and decorative flower boxes.
- Flexible 5,400 SF above‑grade space (plus 1,800 SF basement) suitable for retail, office, showroom, studio, or event space.
- Recent (2021) renovation including new LVP flooring and fresh paint, complementing original 1940s hardwood floors.
- Abundant natural light, high ceilings, and built‑in woodwork create an inviting interior.
- 22 on‑site parking spaces on a 0.54‑acre lot.
Overview
This 5,400 SF above-grade commercial building, with an additional 1,800 SF basement, features a stucco exterior and a red tile roof. Designed by John Saylor, the building includes multiple French doors, Palladian windows, and decorative flower boxes. The interior features a wood staircase, skylights, tiled entries, and a spacious main room with high ceilings, built-in woodwork, and abundant natural light. Original 1940s hardwood floors are present in key areas, complemented by new LVP flooring and fresh paint from a 2021 renovation. Situated on a 0.54-acre corner lot at the edge of the Sprague Avenue renewal district, the property offers 22 on-site parking spaces and excellent visibility. City Hall is visible from the front windows, and the new Spokane Valley Library is located just two buildings away. The property is across the street from AutoNation Audi and Volkswagen, and nearby amenities include WinCo Foods, Rosauers Shopping Center, McDonald’s, a fitness center, and the Paul Mitchell Training Center. The flexible floor plan and architectural details make the property suitable for various uses, including retail, office, showroom, studio, or small-scale event space. The building is located in a vibrant commercial corridor with steady traffic and growing appeal, with surrounding businesses investing in major upgrades.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$856.8K
NOI $77,112 @ 9.00% cap · cautious / downside scenario
Moderate
$1.10M
NOI $77,112 @ 7.00% cap · market / base-case scenario
Aggressive
$1.54M
NOI $77,112 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.0k | $16.80 |
| − Vacancy | −$18.1k | −$2.52 |
| EGI | $102.8k | $14.28 |
| − OpEx | −$25.7k | −$3.57 |
| NOI | $77.1k | $10.71 |
7,200 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 6.71%
Second Best
Retail
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,486 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Trovato Interiors
Furniture & Home Goods
Similar Places Nearby
- Pacific Flooring — 19021 E Nixon Ave, Spokane Valley, WA 99016
- Bedrosians Tile & Stone — 19119 E Broadway Ave, Spokane Valley, WA 99016
Location Insight
- Map
- Local Demand
- City
- Spokane Valley
- County
- Spokane
- State
- Washington
- Longitude
- -117.263
- Latitude
- 47.6575
Nearby Similar for Sale
FAQs
What type of property is this?
Showroom - 5,400 SF commercial building with flexible floor plan.
Where is this showroom located?
The property is located at 9919 E Sprague Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime corner location in a revitalized commercial corridor with high visibility and steady traffic.; Architecturally significant building (John Saylor design) with unique features like a red tile roof, French doors, Palladian windows, and decorative flower boxes.; **Flexible 5,400 SF above‑grade space (plus 1,800 SF basement) suitable for retail, office, showroom, studio, or event space.**
