13414 Sprague Ave Spokane Valley, WA 99216
- Outlet malls
- 90,585 SF
- 2.08 lot acres
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
-
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