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Property profile & analytics

13414 Sprague Ave Spokane Valley, WA 99216

  • Outlet malls
  • 90,585 SF
  • 2.08 lot acres
Value Estimation
$7,300,000
Last Sale
Jul 03, 2023
$8,700,000
Location Intelligence
Property ID
US90-1018780
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Joseph E. Samek, RPh / Pharmacy
  • Megan Baldwin, PharmD / Pharmacy
  • Jeff Simpson, RPH / Pharmacy
  • Kwon Marielle OD / Optometrist
  • higi / Health Consultant

Property Details for 13414 Sprague Ave

Year built
1987
Lot size
2.08 lot acres
Property size
90,585 SF
Property type
Outlet malls
APN
45221.9230
APU
452219230

Description

Valley Plaza Shopping Center, located at 13414 E Sprague Ave, Spokane Valley, WA 99216, presents a significant commercial real estate opportunity. This 90,585 square foot retail center, built in 1987 and renovated in 1994, sits on 11.15 acres of land with prominent Sprague Avenue frontage. The property features a substantial 55,168 square foot anchor tenant suite, ideal for a variety of uses, including large-scale retail, office, or service businesses. Its multiple tenancy structure provides a diverse and established customer base. The property's APN is 45221.9314. Beyond the existing retail space, the property also includes developable pad sites, offering exceptional potential for new construction and expansion. This prime location in the heart of Spokane Valley ensures high visibility and accessibility, making it an attractive investment for businesses seeking a thriving market. The property's size, location, and existing infrastructure combine to create a compelling opportunity for significant return on investment. The combination of established retail space and development potential makes this a unique and versatile property. This is a chance to acquire a well-positioned commercial property in a dynamic and growing area.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $6,345,000
  • CAP approach

    CAP return
    Estimation
    6%
    $8,200,000
    6.5%
    $7,890,000
    7%
    $7,780,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $9,285,000
    Geo Method
    $8,425,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $8,000,000
    Retail
    $8,285,000
    Mixed-Use
    $9,820,000
    Hospitality
    $8,090,000
    Educational
    $8,325,000
    Residential Income
    $7,615,000
    Energy
    $9,340,000
    Income-Based Land
    $10,375,000
    Food Service
    $8,250,000

Location Insight

  • Map
  • Local Demand
City
Spokane Valley
County
Spokane
State
Washington
Longitude
-117.225
Latitude
47.6562
CBSA code
44060
CBSA name
SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,013
$0.00
$3,291,900
$3,291,900
-
$0.00
$3,291,900
$3,291,900
More about this property
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