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11813 Sprague Ave Spokane Valley, WA 99206-5140

OFF-MARKET Automotive properties Google Maps
1,368 SF 1.08 ac lot Built 1944
Entity Owned ~ Est. High Equity
Estimated value (blended)
$170k
Range $153k – $187k (±10%)
Property ID US90-0462951

Property summary

AI-generated overview

This exceptional 1,368 square foot commercial property, located at 11813 E Sprague in Spokane Valley, WA 99206, presents a unique investment opportunity. The building, situated on a substantial 47,047 square foot lot, offers a versatile layout ideal for a variety of uses. Features include a private office, open showroom area, kitchen, ample storage, and ADA-compliant restrooms. The property boasts excellent visibility and signage on Sprague Avenue, a high-traffic area with 23,400 cars passing daily. Its strategic location places it just west of Pines Road, near prominent businesses such as the US Post Office, Walgreens, Rite Aid, Spokane Valley City Hall, and Starbucks. The property is currently vacant and zoned CMU (Corridor Mixed Use), allowing for diverse development possibilities. The paved, lighted, and fenced lot provides ample parking and security. This is a prime opportunity to acquire a well-positioned commercial property in a thriving Spokane Valley location. The asking price is $750,000. The property is a single-tenancy building with no remaining lease term.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1944
Total area 1,368 SF
Lot 1.08 ac (47,047 SF)
APN 45164.0595
UPID US90-0462951

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2026
4 recorded transactions
2026
$500,000
2017
$495,000
2001
$230,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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