Retail Center on N
7316 N Division St, Spokane, WA 99208
For Sale
Contact for pricing
Four-tenant retail center for sale on Spokane's N Division.
Property Size9,439 SF
Lot Size1.20 Acres
Price / SF$287.23
Days on Market357
Property Features for 7316 N Division St
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
NAI Black
Listed By:
Chris Bell · License WA #17737
Source:
Crexi
Added: Nov 19, 2025
Changed: Aug 8
Last Checked: Nov 10 at 7:07AM
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 NAI Black
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 100% leased, four-tenant retail center is available for sale. It is situated along Spokane’s dominant N. Division Street retail corridor. The property occupies a 1.20-acre parcel and includes 44 on-site parking stalls. It benefits from excellent visibility, strong traffic counts, and stable local demand. The property size is 9439 square feet.
Key Highlights
- 100% leased retail center providing immediate income.
- Located on Spokane’s dominant N. Division Street retail corridor.
- Benefits from excellent visibility and strong traffic counts.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,940
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,800
$2.0M
Cap Rate 7%
$1,399,143
$1.4M
Cap Rate 9%
$1,088,222
$1.1M
Market Conditions
NOI Build-Up for 9,439 SF
Gross rent
$152.9K $16.20/SF
− Vacancy
−$13.0K −$1.38/SF
EGI
$139.9K $14.82/SF
− OpEx
−$42.0K −$4.45/SF
NOI
$97.9K $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%
$1,958,800
Cap Rate 7%
$1,399,143
Cap Rate 9%
$1,088,222
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,940 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,468 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99208, WA
58,531
Population
24,273
Households
2.4
Avg Household Size
39
Median Age
34%
College-Educated
95%
High-School Grad
48.7 sq mi
ZIP Area
1,202
Density / Sq Mi
$81,084
Median Household Income
$45,733
Median Earnings
$1,226
Median Rent
$414,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Four-tenant retail center for sale on Spokane's N Division.
Where is this shopping center located?
The property is located at 7316 N Division St Spokane, WA.
What is the asking price?
The asking price for this property is $2,711,136.
What are key features of this property?
This property features: 100% leased retail center providing immediate income.; Located on Spokane’s dominant N. Division Street retail corridor.; Benefits from excellent visibility and strong traffic counts.
