Charming Building in Revitalized
9919 E Sprague Ave Spokane Valley, WA
9919 E Sprague Ave, Spokane Valley, WA, 00000
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For Sale
Contact for pricing
5,400 SF commercial building with flexible floor plan.
Property Size7,200 SF
Lot Size0.51 Acres
Price / SF$152.78
Days on Market239
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 Agency
John L. Scott Spokane Valley-Liberty Lake
(509) 844-3737
Listed by
Rebecca Usai · License #SP34974
(509) 844-3737
Source
Moodyscre
Added: Nov 24, 2025 Updated: Jul 6 at 9:27 am Checked: Jul 19 at 5:14 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 Uses
Best Use
Office B
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 7.01%
Second Best
Retail
$953.9K
$834.6K – $1.11M
NOI $66,770 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,486 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trovato Interiors
Furniture & Home Goods
Similar For Sale Nearby
Similar Off Market Nearby
- Perfection Tile LLC — 5722 N Progress Rd, Spokane Valley, WA 99216
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 $1,100,000.
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.**
