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Property profile & analytics
FOR SALE
Sports & entertainment properties
16801 East Sprague Ave Spokane Valley, WA 99037
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1017272
For Sale
1 / 14
$500,000
16801 East Sprague Ave, Spokane Valley, WA 99037
View Listing →
Property summary
AI-generated overview
Invest in this approximately one-acre commercial land parcel in Spokane Valley, WA (exact size to be verified by survey). Located at 16801 E Sprague Ave, 99037, this Corridor Mixed Use zoned property presents diverse development opportunities. Ideal for various projects, including single-family homes, multi-family units, or apartment complexes, the possibilities are extensive. A newly established easement on the northwest corner provides convenient access. Potential buyers should note that surveying costs, property division expenses, and potential fire hydrant relocation costs are the responsibility of the purchaser, contingent upon their development plans. This prime location within Spokane Valley's thriving corridor offers significant investment potential. The asking price is $500,000. The property is situated west of the Spokane Valley Eagles building.
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1980
Total area
600 SF
Lot
3.4 ac (147,930 SF)
APN
45134.1671
UPID
US90-1017272
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
-
Fraternal Order of Eagles Volunteer Organization Community Center
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
The Lamar Companies LLC · 2 yrs held
The Lamar Companies LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,424
Tax year 2023
Assessed value
$911,690
Assessed 2024
Previous assessed
$905,290
+0.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$443,790
Assessed improvement
$467,900
Land market value
$443,790
Improvement market value
$467,900
Total market value
$911,690
Applied tax rate
144.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
For Sale
Year built
1980
Heating
NONE
Stories
1
Total area
600 SF
Lot
3.4 ac (147,930 SF)
APN
45134.1671
UPID
US90-1017272
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Stories
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
The Lamar Companies LLC
Entity
Mailing address
1015 E CATALDO AVE, SPOKANE, WA 99202-2015
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2024
—
The Lamar Companies LLC
Spokane Valley Eagles Aerie 3433
Lease
—
—
—
Valley Aerie 3433 Fra Spokane
—
Deed Of Trust
related
$248,000 · Farmers & Merchants Bk Rockfor
—
—
Valley Aerie 3433 Fra Spokane
—
Deed Of Trust
related
$35,000 · Banner Bank
—
—
Spokane Vly Aerie 3433 Frater
—
Deed Of Trust
related
$15,000 · Banner Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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