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Property profile & analytics
FOR LEASE
Retail space

9405 E Sprague Ave Spokane Valley, WA 99206

6,642 SF 0.29 ac lot Built 1974
Entity Owned 8-yr Hold Free & Clear
Property ID
US90-0998894
Property summary
AI-generated overview

This 7,142 square foot retail strip center, located at 9405 E Sprague Ave in Spokane Valley, WA 99206, presents a compelling investment opportunity. Built in 1974 and renovated in 1979, the property boasts two suites, with one currently vacant, offering 2,508 square feet of immediate potential. The available space measures 1,190 square feet, ideal for a variety of retail uses. The property sits on a 12,768 square foot lot and provides ample parking with a ratio of 7.1 spaces per 100 square feet. The property's location on Sprague Avenue in Spokane Valley offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The property's APN is 45173.1520. This is a rare opportunity to acquire a well-located retail property in a thriving Spokane Valley market. The existing tenant occupies the remaining space. The property's solid construction and history suggest a stable investment with potential for significant returns. The vacant suite presents a chance to customize the space to meet the needs of a new tenant, further enhancing the property's value. This is an excellent opportunity for investors seeking a strong retail presence in a desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,642 SF
Lot 0.29 ac (12,768 SF)
APN 45173.1520
UPID US90-0998894
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
  • Gifted Hands Salon and Supply Hair Salon
  • Spokane Valley Licensing, Inc. Law Firm
  • Bedard & Associates Insurance Agency
  • U-Haul Neighborhood Dealer Car Rental Facility
  • P for Protection Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$575k
Owner & transaction history
Boender S P LLC · 8 yrs held
Boender S P LLC
since 2018
3 recorded transactions
2018
$975,000
2018
Price N/A
1999
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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