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Property profile & analytics
FOR LEASE
Outlet malls

13414 E Sprague Ave Spokane Valley, WA 99216

90,585 SF 2.08 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-1018780
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1987
Total area 90,585 SF
Lot 2.08 ac (90,585 SF)
APN 45221.9230
UPID US90-1018780
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Joseph E. Samek, RPh Pharmacy
  • Megan Baldwin, PharmD Pharmacy
  • Jeff Simpson, RPH Pharmacy
  • Kwon Marielle OD Physician
  • higi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.78M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.35M
Blend (final) Blend
$7.38M
Owner & transaction history
Coval Sv LLC · 3 yrs held
Coval Sv LLC
since 2023
Last sale
$8.7M
4 recorded transactions
2024
Price N/A
2023
$8.7M
2021
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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