Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5901 Sprague Ave Spokane Valley, WA 99212-0834
    Property profile & analytics

    5901 Sprague Ave, Spokane Valley, WA 99212-0834

    View on Map
    • Automotive properties
    • 5,888 SF
    • 1.28 lot acres
    Off-Market
    Property ID
    US90-3343877
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alliance Auto Sales / Car Dealership
    • Winters Brothers Plumbing Services / Plumbing Service / General Contractor

    Property Details for 5901 Sprague Ave

    Year built
    1964
    Lot size
    1.28 lot acres
    Property type
    Automotive properties
    APN
    35133.2403
    APU
    351332403

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.325
    Latitude
    47.6574
    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
    $9,086
    $556,890
    $235,300
    $792,190
    -
    $556,890
    $235,300
    $792,190

    Comparable in this City

    • Value Estimation by Request
      1.01 Acres

      7013 Sprague Ave

      VEHICLE SALES, RENTALS
      7013 Sprague Ave, Spokane, WA 99212
      View Details
    • Value Estimation by Request
      5,000 SF

      6708 Appleway Blvd

      VEHICLE SALES, RENTALS
      6708 Appleway Blvd, Spokane Valley, WA 99212-0626
      View Details
    • Value Estimation by Request
      2,800 SF

      8700 Sprague Ave

      VEHICLE SALES, RENTALS
      8700 Sprague Ave, Spokane Valley, WA 99212-2924
      View Details
    • Value Estimation by Request
      1,200 SF

      5033 Sprague Ave

      VEHICLE SALES, RENTALS
      5033 Sprague Ave, Spokane Valley, WA 99212-0814
      View Details
    • Value Estimation
      $860,000
      14,622 SF

      8408 Sprague Ave

      VEHICLE SALES, RENTALS
      8408 Sprague Ave, Spokane, WA 99212
      View Details
    • Value Estimation
      $905,000
      18,034 SF

      8325 Sprague Ave

      VEHICLE SALES, RENTALS
      8325 Sprague Ave, Spokane Valley, WA 99212-2915
      View Details

    Similar Nearby for Sale

    • $379,000
      3,683 SF

      Spokane Valley Commercial Corner Lot

      Highly visible corner lot suitable for various business uses.
      1725 N Park Rd, Spokane Valley, WA 99212
      View Details
    • $1,695,000
      Pending

      Spokane Valley Commercial Property

      Commercial property with multiple buildings and redevelopment potential in Spokane Valley.
      8814 E Sprague Ave, Spokane Valley, WA 99212
      View Details
    • Contact for pricing
      6,852 SF

      Retail Space Available For Rent

      6,952 square feet of retail space for lease.
      5207 E Trent Ave, Spokane, WA 99212
      View Details
    • Contact for pricing
      5,060 SF

      Retail Space Available For Rent

      Retail property with open floor plan and office layout.
      5615 E Trent Ave, Spokane Valley, WA 99212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Automotive Space on Sprague Avenue

      High-traffic location suitable for retail or automotive businesses.
      8022 E Sprague Ave, Spokane Valley, WA 99212
      View Details
    • Contact for pricing
      1,800 SF

      Spokane Valley Retail/Automotive Space

      Highly visible commercial space in Spokane Valley's auto corridor.
      7918-8006 E Sprague Ave, Spokane Valley, WA 99212
      View Details
    • Contact for pricing

      Visible Retail Frontage in Spokane

      Prime commercial lease opportunity in Spokane Valley's auto corridor.
      7918 East Sprague Ave, Spokane Valley, WA 99212
      View Details
    • Contact for pricing
      18,000 SF

      Fenced Parking/Equipment Yard Available

      18000 SF fenced parking or equipment yard for rent.
      107 N Park Rd, Spokane Valley, WA 99212
      View Details
    • Contact for pricing
      1,395 SF

      Retail Space in Spokane Valley

      Retail space available for lease in Spokane Valley, WA.
      8901 E Trent Ave, Spokane Valley, WA 99212
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5901 Sprague Ave
    Spokane Valley, WA 99212-0834
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5901 Sprague Ave, Spokane Valley, WA, 99212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!