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5406 N Division, Spokane, WA 99207
Shopping center offering 10,250 SF of retail space at 5406 N Division, Spokane, WA 99207.
Property Size10,250 SF
Price / SF$310.24
Days on Market374
Property Features for 5406 N Division
General Information
Standard status
Active
Size
10,250 SF
Property subtype
RETAIL
Listing Agency:
Black Commercial, Inc.
(509) 623-1000
Listed By:
Mark McLees
(509) 622-3554
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Oct 3
Last Checked: Oct 7 at 3:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Black Commercial, Inc.
Investment Insights
Based on property information with market context.
Shopping center with 10,250 SF of retail space, located at 5406 N Division in Spokane, WA 99207.
The property is positioned as a retail-focused center, providing a single shopping-center platform for a range of neighborhood retail or service uses. For tenants or owners looking for a compact footprint, the provided square footage offers a defined size for planning and operations.
This listing reflects the total available building size of 10,250 SF. Any further configuration, unit count, or improvement details are not included in the provided information.
The property is positioned as a retail-focused center, providing a single shopping-center platform for a range of neighborhood retail or service uses. For tenants or owners looking for a compact footprint, the provided square footage offers a defined size for planning and operations.
This listing reflects the total available building size of 10,250 SF. Any further configuration, unit count, or improvement details are not included in the provided information.
Key Highlights
- 10,250 SF shopping center retail space
- 5406 N Division, Spokane, WA 99207
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,355
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,127,100
$2.1M
Cap Rate 7%
$1,519,357
$1.5M
Cap Rate 9%
$1,181,722
$1.2M
Market Conditions
NOI Build-Up for 10,250 SF
Gross rent
$166.1K $16.20/SF
− Vacancy
−$14.1K −$1.38/SF
EGI
$151.9K $14.82/SF
− OpEx
−$45.6K −$4.45/SF
NOI
$106.4K $10.38/SF
Area
Spokane, WA
Vacancy
8.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,127,100
Cap Rate 7%
$1,519,357
Cap Rate 9%
$1,181,722
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,355 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.09M
NOI $185,115 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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- Millard Mall Services — 4750 N Division St, Spokane, WA 99207
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center offering 10,250 SF of retail space at 5406 N Division, Spokane, WA 99207.
Where is this shopping center located?
The property is located at 5406 N Division Spokane, WA.
What is the asking price?
The asking price for this property is $3,180,000.
What are key features of this property?
This property features: 10,250 SF shopping center retail space; 5406 N Division, Spokane, WA 99207
