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    FOR LEASE
    Retail space

    5320 E Sprague Ave, Spokane Valley, WA 99212

    11,500 SF 1.01 ac lot Built 1968
    Entity Owned ~ Est. High Equity
    Property ID
    US90-0792405
    Property summary
    AI-generated overview

    This exceptional retail space, Suite 200, totaling 1,620 square feet, is available for lease starting March 1, 2025. Located at 5320 E Sprague Ave in Spokane Valley, WA 99212, this property benefits from its prime location within a high-traffic area boasting 22,700 cars per day on Sprague Avenue. The building itself is 19,780 square feet and was constructed in 1968. Currently, 14,620 square feet are vacant, presenting a unique opportunity for a business seeking significant space. The property features convenient access to and from Interstate 90, providing excellent visibility and accessibility. Ample parking is available with 44 parking stalls. The property sits on a sizable lot of approximately 44,000 square feet. This location offers exceptional synergy with established national retailers, including Home Depot, Lowe's, Costco, Walmart, Starbucks, and Panda Express, creating a strong retail environment and attracting significant foot traffic. The property's APN is 358231.1511, and it is situated in Spokane County. This is an ideal opportunity for a business seeking high visibility and a strong customer base in a thriving retail corridor.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1968
    Total area 11,500 SF
    Lot 1.01 ac (44,000 SF)
    APN 35231.1511
    UPID US90-0792405
    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
    • Floret by Planted Florist Wedding Service
    • Planted Plant Co Garden Center Landscaping
    • Phillycious Take-out & Catering
    • Kumon Math and Reading Center of EAST SPOKANE Tutoring Service Training Center
    • TDS Fiber Telecommunications Service Data Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.13M
    CAP Approach CAP
    $1.64M
    Comparable Approach Comparable
    $2.88M
    Blend (final) Blend
    $2.07M
    Owner & transaction history
    Bpl Vs1 LLC
    Bpl Vs1 LLC
    since 2025
    7 recorded transactions
    2025
    2022
    $2.9M
    2019
    2004
    $1.1M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.1M +57.9%
    Restaurant $2.5M +27.3%
    Office building $2.5M +27.1%
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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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