Division Street Retail Building For
8313 N Division St, Spokane, WA 99208
For Sale
$3,100,000
24,288 SF Class A retail building on Division Street.
Property Size24,288 SF
Price / SF$127.64
Days on Market229
Property Features for 8313 N Division St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Building Size
Listed By:
Drew Ulrick, SIOR
(509) 435-5866
Source:
Tokcommercial
Added: Mar 27
Changed: Oct 25
Last Checked: Nov 10 at 6:10AM
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 Drew Ulrick, SIOR
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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 is a 24,288 square foot Class A, single-tenant retail building. The property is zoned RC and is located along Division Street, a primary retail corridor in Spokane. The location provides ample parking and visibility, with exposure to a high traffic volume of 38,438 vehicles per day. Division Street garners Spokane’s largest traffic counts.
Key Highlights
- Strategically located on Division Street, Spokane's premier retail corridor.
- High traffic count of 38,438 vehicles per day (AADT).
- Class A retail building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,015
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,040,300
$5.0M
Cap Rate 7%
$3,600,214
$3.6M
Cap Rate 9%
$2,800,167
$2.8M
Market Conditions
NOI Build-Up for 24,288 SF
Gross rent
$393.5K $16.20/SF
− Vacancy
−$33.4K −$1.38/SF
EGI
$360.0K $14.82/SF
− OpEx
−$108.0K −$4.45/SF
NOI
$252.0K $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%
$5,040,300
Cap Rate 7%
$3,600,214
Cap Rate 9%
$2,800,167
Alternative Uses
Best Use
Retail
$3.60M
$3.15M – $4.20M
NOI $252,015 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.27M
$5.48M – $7.31M
NOI $438,641 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
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
$414,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Spokane, WA
Properties on Market for Retail space in Spokane
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - 24,288 SF Class A retail building on Division Street.
Where is this retail space located?
The property is located at 8313 N Division St Spokane, WA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Strategically located on Division Street, Spokane's premier retail corridor.; High traffic count of 38,438 vehicles per day (AADT).; Class A retail building.
