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    Property profile & analytics

    16614 Sprague Ave Spokane Valley, WA 99037-8967

    • Warehouses
    • 4,816 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Nov 23, 2020
    $450,000
    Location Intelligence
    Property ID
    US90-3235222
    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

    • Unleashed Academy / Dog Trainer

    Property Details for 16614 Sprague Ave

    Year built
    1930
    Lot size
    1.09 lot acres
    Property size
    4,816 SF
    Property type
    Warehouses
    APN
    45241.0111
    APU
    452410111

    Description

    This exceptional 5,485 square foot storefront retail/showroom building presents a unique investment opportunity in the thriving Spokane Valley market. Situated on a 1.09-acre parcel at 16614 E Sprague Ave, Spokane Valley, WA 99037, this property boasts a highly visible location along a busy arterial, offering unparalleled exposure to a large customer base. Built in 2022, the two-story building is currently vacant, providing a blank canvas for a discerning buyer to customize to their specific business needs. The property's CMU zoning allows for a variety of commercial uses. Its strategic location between Sullivan and Liberty Lake, with convenient access to major thoroughfares and amenities, ensures both employee and customer convenience. The proximity to Interstate 90 further enhances its accessibility and appeal. This turnkey property represents a rare chance to acquire prime real estate in a rapidly growing area, offering significant potential for long-term growth and profitability. The asking price is $1,600,000. The property features one building and is situated on APN 45241.0111.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $365,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $495,000
      Mixed-Use
      $445,000
      Hospitality
      $470,000
      Educational
      $490,000
      Residential Income
      $495,000
      Energy
      $460,000
      Income-Based Land
      $430,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.181
    Latitude
    47.6561
    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
    $5,616
    $190,100
    $341,400
    $531,500
    -
    $190,100
    $341,400
    $531,500

    Comparable in this City

    • Value Estimation by Request
      25,920 SF

      15702 Broadway Ave

      MINI-WAREHOUSE, STORAGE • 25,920 SF
      15702 Broadway Ave, Spokane Valley, WA 99037-9544
      View Details
    • Value Estimation
      $350,000
      15,420 SF

      210 Conklin Rd

      WAREHOUSE, STORAGE • 15,420 SF
      210 Conklin Rd, Spokane Valley, WA 99037-8971
      View Details
    • Value Estimation by Request
      12,545 SF

      16608 Sprague Ave

      WAREHOUSE, STORAGE • 12,545 SF
      16608 Sprague Ave, Spokane Valley, WA 99037-8967
      View Details
    • Value Estimation by Request
      1,600 SF

      15302 Valleyway Ave

      MINI-WAREHOUSE, STORAGE • 1,600 SF
      15302 Valleyway Ave, Spokane Valley, WA 99037-9568
      View Details
    • Value Estimation by Request
      6,480 SF

      15916 Sprague Ave

      WAREHOUSE, STORAGE • 6,480 SF
      15916 Sprague Ave, Spokane Valley, WA 99037-8964
      View Details
    • Value Estimation
      $315,000
      16,000 SF

      202 Cannery Rd

      WAREHOUSE, STORAGE • 16,000 SF
      202 Cannery Rd, Spokane Valley, WA 99037-8920
      View Details

    Similar Nearby for Sale

    • $1,350,000

      Sprague Avenue Frontage Opportunity

      2.03 acre site with retail, office, and warehouse space.
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    • $650,000

      Spokane Valley Land with Development Potential

      1.19 acres in Spokane Valley, development potential, walkable location.
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      Retail space for sale, leased through April 2028.
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    Similar Nearby for Lease

    • $16,106 /Mo
      30,893 SF

      Spokane Valley Office/Flex Space

      Office, flex, or production space available in Spokane Valley.
      2818 N Sullivan Rd, Spokane Valley, WA 99037
      View Details
    • $9 SF/Yr
      3,852 SF

      Spokane Valley Retail/Flex Space

      Retail/Flex space with grade level doors and parking.
      12613-12623 E Sprague Ave, Spokane Valley, WA 99037
      View Details
    • $0.75 SF/Yr
      1,250 SF

      Industrial Flex Space For Rent

      Industrial flex space available for lease in a large park.
      3012 N Sullivan Rd, Spokane Valley, WA 99037
      View Details
    • Contact for pricing
      3,200 SF

      Executive Suites Spokane Valley

      Modern Office Space, ±1,837 SF Available
      424 Sullivan Rd, Spokane Valley, WA 99037
      View Details
    • $2 SF/Yr
      2 SF

      Prime Spokane Valley Corner Lot

      High-visibility commercial land for lease/sale.
      16224 Sprague Ave, Spokane Valley, WA 99037
      View Details
    • $17 SF/Yr
      7,000 SF

      Spokane Valley Retail Space Available

      Retail space available for lease in Spokane Valley, Washington.
      13510-13516 E Sprague Ave, Spokane Valley, WA 99037
      View Details
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    16614 Sprague Ave
    Spokane Valley, WA 99037-8967
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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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