Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8702 Division St Spokane, WA 99218

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space, 1,500 SF available.

    Lot size:
    10,570 SF

    Property Features for 8702 Division St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,570 SF
    Total Rate
    17616.67

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 8702 Division St, Spokane, WA 99218 Contact us
    Unit Suite A

    $20 /Mo

    Size
    1,500 SF
    Contact us

    We can help!

    Listing Contact
    Andy Butler
    Andy Butler

    Listing Agency: KIEMLE HAGOOD Listing Agent: Andy Butler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional retail property, located at 8702 N Division St in Spokane, Washington, offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The single-story building encompasses a total of 10,570 square feet, divided into three suites. Currently, one suite of approximately 1,500 square feet is available for lease. The property boasts ample parking with 53 stalls, ensuring convenient access for customers and employees. Situated at a lighted intersection of Division and Magnesium, this location benefits from excellent visibility and exposure to a high volume of traffic. The property is zoned for General Commercial use, providing flexibility for a variety of retail businesses. The building's address is 8702 N Division St, Spokane, WA 99218, and its APN is 36202.0017. The asking rental rate is $20.00 per square foot, with an estimated NNN expense of $7.20 per square foot. This presents a compelling opportunity to establish or expand a retail presence in a thriving Spokane County location. Don't miss this chance to secure a highly visible and accessible retail space in a busy commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CosmoProf (Bike/Boat/Book/etc) Store O'Reilly Auto Parts Auto Parts Store Excel Grooming Salon Pet Grooming Service

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.4104851
    Latitude
    47.7369488

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Spokane Washington Trust

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      601 1St Ave, Spokane, WA 99201
      View Details
    • $1,611 /Mo
      36,180 SF

      Adaptable Office Space in Spokane

      1,173 SF office space in central Spokane location.
      222 W Mission Ave, Spokane, WA 99201
      View Details
    • $18 SF/Yr
      28,200 SF

      Downtown Spokane Modern Office Space

      Modernized office space in Downtown Spokane with flexible configurations.
      170 S Lincoln St, Spokane, WA 99201
      View Details
    • $1.00 SF/Yr
      43,200 SF

      High-Clearance Warehouse with Freeway Access

      Functional warehouse near I-90, suitable for various industrial uses.
      8579 W Westbow Blvd, Spokane, WA 99224
      View Details
    • $11 SF/Yr
      8,784 SF

      Spokane Flex Warehouse Opportunity

      Functional flex warehouse with ample outdoor storage in Spokane.
      320 N Lee St, Spokane, WA 99202
      View Details
    • $3,333 /Mo
      25,750 SF

      Spokane Industrial Flex Business Park

      Class A industrial flex spaces available for lease.
      5807-5817 W Thorpe Rd, Spokane, WA 99224
      View Details
    • $21 SF/Yr
      3,955 SF

      Updated Medical Building Near Hospital

      Newly updated medical building with move-in ready and expandable spaces.
      220 E Rowan Ave, Spokane, WA 99207
      View Details
    • $11 SF/Yr
      8,784 SF

      Functional Flex Warehouse Opportunity

      Flex warehouse in Spokane's industrial corridor with ample outdoor storage.
      320 N Lee St, Spokane, WA 99202
      View Details
    • $18 SF/Yr
      14,400 SF

      Downtown Spokane Retail Space Available

      6,400 SF retail space in the heart of Spokane.
      225 W Riverside Ave, Spokane, WA 99201
      View Details
    • Contact for pricing
      2,842 SF

      Downtown Spokane Professional Office Building

      Two-story office/retail building with basement and rooftop deck.
      425-427 W 1St Ave, Spokane, WA 99202
      View Details
    • Contact for pricing
      55,452 SF

      Spokane Retail Building with Parking

      Commercial building in Spokane's Northeast corridor, ideal for retail.
      3919 N Market St, Spokane, WA 99207
      View Details
    • $2,317 /Mo
      3,100 SF

      Spokane Office/Warehouse Space for Lease

      Office and warehouse spaces available for lease in Spokane.
      910-1026 N Lake Rd, Spokane, WA 99212
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, 1,500 SF available.
    Where is this retail property located?
    The property is located at 8702 Division St Spokane, WA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 10,570 SF single-story retail building in Spokane, WA.; One 1,500 SF suite available for lease.; $20/SF rental rate, $7.20/SF NNN expenses.
    (509) 755-7559 Call to check price and availability
    Request Owner's contact information
    8702 Division St Spokane, WA 99218
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8702 Division St
    Spokane, WA 99218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8702 Division St Spokane, WA 99218
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andy Butler
    Andy Butler
    Real Estate License ID: 120029
    (509) 755-7559 (509) 385-9121 (509) 838-6541
    Learn more
    Google sign-in failed. Please try again or use another login method.