Retail Building with Second-Story
7410 North Division Street Spokane, WA 99208
For Sale
Contact for pricing
A renovated retail building with 16-foot ceilings, tenant-controlled HVAC, and dedicated second-story office space.
Property Size21,550 SF
Lot Size0.49 Acres
Price / SF$127.61
Days on Market86
Property Features for 7410 North Division Street
General Information
- Standard status
- Active
- Size
- 21,550 SF
- Lot size
- 0.49 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1980
Listing Agency:
Goodale & Barbieri
(509) 459-6109
Listed By:
Cory Barbieri · License #WA B92954
Source:
Crexi
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 23 at 5:18AM
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 Goodale & Barbieri
Investment Insights
Based on property information with market context.
This commercial building offers a large retail floor with 16-foot ceilings and tenant-controlled HVAC. A dedicated second-story office space is built into the interior layout, providing flexibility for business operations that need both showroom or sales space and office support. The property was originally constructed in 1980 and underwent a renovation in 2019.
Located in a high-traffic retail corridor with frontage along North Division Street and estimated visibility of approximately 45,000 vehicles daily, the site sits on a 0.49-acre lot within the Northgate Shopping Center. The building is adjacent to national anchors including Hobby Lobby and Michaels.
The property includes a prominent monument sign and abundant shared parking within the shopping center, supporting straightforward customer access for retail use.
Located in a high-traffic retail corridor with frontage along North Division Street and estimated visibility of approximately 45,000 vehicles daily, the site sits on a 0.49-acre lot within the Northgate Shopping Center. The building is adjacent to national anchors including Hobby Lobby and Michaels.
The property includes a prominent monument sign and abundant shared parking within the shopping center, supporting straightforward customer access for retail use.
Key Highlights
- 21,552 SF commercial retail building with premier frontage on North Division Street
- About 45,000 vehicles daily along the North Division Street corridor
- Built in 1980; renovated in 2019
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $349.1k | $16.20 |
| − Vacancy | −$29.7k | −$1.38 |
| EGI | $319.4k | $14.82 |
| − OpEx | −$95.8k | −$4.45 |
| NOI | $223.6k | $10.38 |
21,550 SF · lease $16.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.41M
$3.86M – $5.14M
NOI $308,574 @ 7.0% cap · market cap 11.22%
Second Best
Retail
$3.19M
$2.80M – $3.73M
NOI $223,605 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$5.56M
$4.86M – $6.49M
NOI $389,193 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Complete Suite Furniture ...
Furniture & Home Goods
Dynamic Gymnastics
Gym & Fitness Center
Defense Arts Academy
Vocational School
FAQs
What type of property is this?
Retail space - A renovated retail building with 16-foot ceilings, tenant-controlled HVAC, and dedicated second-story office space.
Where is this retail space located?
The property is located at 7410 North Division Street Spokane, WA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 21,552 SF commercial retail building with premier frontage on North Division Street; About 45,000 vehicles daily along the North Division Street corridor; Built in 1980; renovated in 2019
