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    Property profile & analytics

    9405 Sprague Ave Spokane Valley, WA 99206

    • Retail space
    • 6,642 SF
    • 0.29 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US90-0998894
    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

    • Gifted Hands Salon and Supply / Hair Salon
    • Spokane Valley Licensing, Inc. / License Bureau
    • Bedard & Associates / Insurance Agency
    • U-Haul Neighborhood Dealer / Van Rental Agency / Trailer Rental Service
    • P for Protection / Safety Equipment Supplier / Clothing Supplier

    Property Details for 9405 Sprague Ave

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.29 lot acres
    Property size
    6,642 SF
    Property type
    Retail space
    APN
    45173.1520
    APU
    451731520

    Description

    This 7,142 square foot retail strip center, located at 9405 E Sprague Ave in Spokane Valley, WA 99206, presents a compelling investment opportunity. Built in 1974 and renovated in 1979, the property boasts two suites, with one currently vacant, offering 2,508 square feet of immediate potential. The available space measures 1,190 square feet, ideal for a variety of retail uses. The property sits on a 12,768 square foot lot and provides ample parking with a ratio of 7.1 spaces per 100 square feet. The property's location on Sprague Avenue in Spokane Valley offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The property's APN is 45173.1520. This is a rare opportunity to acquire a well-located retail property in a thriving Spokane Valley market. The existing tenant occupies the remaining space. The property's solid construction and history suggest a stable investment with potential for significant returns. The vacant suite presents a chance to customize the space to meet the needs of a new tenant, further enhancing the property's value. This is an excellent opportunity for investors seeking a strong retail presence in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.279
    Latitude
    47.6575
    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
    $5,609
    $102,140
    $435,900
    $538,040
    -
    $102,140
    $435,900
    $538,040

    Comparable in this City

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    Spokane Valley, WA 99206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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