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Property profile & analytics
FOR SALE
Outlet malls

14024 E Sprague Ave Spokane Valley, WA 99216

26,186 SF 2.56 ac lot Built 1996
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US90-0635969
Property summary
AI-generated overview

This exceptional single-tenant retail property, located at 14024 E Sprague Ave in Spokane Valley, WA 99216, offers a substantial 26,186 square feet of space. Built in 1996, the building sits on a generous 2.56-acre lot and is zoned Corridor Mixed Use (CMU), providing significant flexibility for a variety of commercial uses. The property boasts ample shared parking, ensuring convenient access for customers and employees. The entire building is currently vacant, presenting a unique opportunity for a business seeking a large, well-located space. The property's Assessed Parcel Number (APN) is 45232.9153, and it's situated in Spokane County. This location offers high visibility and accessibility, making it an ideal choice for businesses seeking to establish a strong presence in the thriving Spokane Valley market. The property's size and zoning regulations offer a wide range of possibilities for a variety of commercial ventures. This is a rare opportunity to secure a significant retail space in a desirable location. Interested parties should act quickly to capitalize on this exceptional offering.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 26,186 SF
Lot 2.56 ac (111,514 SF)
APN 45232.9153
UPID US90-0635969
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
  • Big Lots Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Asm Properties LLC · 3 yrs held
Asm Properties LLC
since 2022
Last sale
$9.2M
4 recorded transactions
2022
$9.2M
2022
Price N/A
2020
Price N/A
2016
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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