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Property profile

5901 Sprague Ave Spokane Valley, WA 99212

OFF-MARKET
Automotive properties
Property ID
US90-3343877
5,888 SF 1.28 ac lot Built 1964
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,027 square foot flex space, situated on a 5.45-acre lot in Spokane County, presents a unique investment opportunity. Built in 1964, the single-story building features one suite and boasts five grade-level loading doors, perfect for efficient loading and unloading. The property includes a paved, lighted sales yard with signage, providing ample space for inventory storage and customer access. The building's 3-phase power ensures sufficient electrical capacity for various business needs. Zoned for Regional Commercial use, this property offers significant versatility. The spacious 67,927 square foot yard provides additional storage or expansion potential, and is available for lease separately or together with the main building. The property's prime location at the intersection of Sprague and Fancher avenues offers excellent visibility and accessibility. The asking rent is $9,438 per month, triple net (NNN). The APN is 35133.2403. This property is perfect for a business requiring both indoor and outdoor space, offering a blend of retail, industrial, and storage capabilities. Don't miss this chance to acquire a well-located, versatile commercial property in a thriving Spokane County market.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1964
Total area 5,888 SF
Lot 1.28 ac (55,689 SF)
APN 35133.2403
UPID US90-3343877

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Plumbing Service General Contractor

Location

5901 Sprague Ave Spokane Valley, WA 99212-0834
Spokane Valley metro Census 12200 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$420k

Owner & transaction history

since 2004
7 recorded transactions
2004
$760,000
2003
Price N/A
2000
Price N/A
2000
$207,640
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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