4603 Sprague Ave, Spokane Valley, WA 99212
This exceptional 21,120 square foot retail property, located at 4603 E Sprague Ave in Spokane Valley, WA 99212, presents a rare ground lease opportunity. Situated at a highly visible, lighted intersection, this single-tenant space offers unparalleled access and exposure. The property benefits from its proximity to major retailers including Walmart, Costco, Home Depot, and Lowe's, ensuring a substantial customer base. The zoning is Regional Commercial, allowing for a wide range of retail uses. The entire 21,120 square feet is currently vacant, providing a blank canvas for a new business or expansion. Its convenient location offers easy accessibility from Interstate 90, further enhancing its appeal. Excellent signage opportunities are available, maximizing visibility and brand recognition. This property is ideal for businesses seeking a high-traffic location with strong visibility and proximity to established retailers in a thriving Spokane Valley commercial area. The property is zoned for Regional Commercial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.