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    Property profile & analytics

    3300 Division St Spokane, WA 99207

    • Land
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3300 Division St

    Property type
    Land
    Property subtype
    Retail space

    Description

    This exceptional 10,962 square foot commercial land parcel presents a unique investment opportunity in Spokane, Washington. Situated at 3300 N Division St, this single-tenant property boasts a highly desirable location at the corner of Division Street and Bridgeport Avenue. The lot size encompasses 0.25 acres, offering ample space for development or expansion. The property's strategic position benefits from significant traffic volume, with Division Street recording an average daily traffic count of 45,800 vehicles. This high visibility ensures excellent exposure for any business. The surrounding area demonstrates strong population density, with 127,894 residents within a 3-mile radius and 208,556 within a 5-mile radius, indicating a robust consumer base. This property is zoned for commercial use and is ideal for a variety of businesses seeking a prominent location in a thriving Spokane community. The property is designated as a storefront commercial land parcel within Spokane County, WA, zip code 99207. This is a rare opportunity to acquire a well-positioned commercial lot in a high-traffic area with a substantial population base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.411
    Latitude
    47.6885

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      128 Wellesley Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      128 Wellesley Ave, Spokane, WA 99207-1413
      View Details
    • Value Estimation
      $2,260,000
      14,283 SF

      2001 Ruby St

      RETAIL STORES (PERSONAL SERVICES) • 14,283 SF
      2001 Ruby St, Spokane, WA 99207-2264
      View Details
    • Value Estimation
      $1,100,000
      5,915 SF

      2103 Division St

      RETAIL STORES (PERSONAL SERVICES) • 5,915 SF
      2103 Division St, Spokane, WA 99207-2262
      View Details
    • Value Estimation by Request
      3,338 SF

      116 Nora Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,338 SF
      116 Nora Ave, Spokane, WA 99207-2334
      View Details
    • Value Estimation
      $720,000
      4,240 SF

      3411 Division St

      RETAIL STORES (PERSONAL SERVICES) • 4,240 SF
      3411 Division St, Spokane, WA 99207-1805
      View Details
    • Value Estimation by Request
      2,450 SF

      2716 Division St

      RETAIL STORES (PERSONAL SERVICES) • 2,450 SF
      2716 Division St, Spokane, WA 99207-2009
      View Details

    Similar Nearby for Sale

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      High-Visibility Retail Space for Sale

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    • $950,000
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      Spokane Retail Property with Warehouse

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      Versatile Commercial Property For Sale

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      Spokane Commercial Land: Prime Development

      0.51-acre lot, ideal retail/multifamily.
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      Land for Sale, Spokane

      Large land parcel available in Spokane, Washington.
      E Wellesley Ave, Spokane, WA 99207
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    • Contact for pricing

      Spokane Land For Sale

      Land available for sale in Spokane, Washington.
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    Similar Nearby for Lease

    • Contact for pricing
      10,962 SF

      Spokane Commercial Land For Lease

      Prime Spokane location, 10,962 sq ft lot.
      3300 Division St, Spokane, WA 99207
      View Details
    • $2,475 /Mo
      2,000 SF

      Remodeled Retail Space Available

      2,000 SF retail space with parking and high traffic.
      923 East Hoffman Ave, Spokane, WA 99207
      View Details
    • $22 SF/Yr
      2,062 SF

      Retail Space on Division Street

      Prime retail location with high visibility and convenient access.
      4401-4407 N Division St, Spokane, WA 99207
      View Details
    • Contact for pricing
      2,648 SF

      Northtown Mall Retail Space

      Retail spaces available for lease in Northtown Mall.
      4730-4750 N Division St, Spokane, WA 99207
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      9,190 SF

      Retail Space on Division Street

      Retail space with on-site parking and pylon signage.
      3609 N Division St, Spokane, WA 99207
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    • Contact for pricing
      927,729 SF

      North Town Mall: Spokane Retail Space

      Prime Spokane retail space, multiple units available.
      4750 Division St, Spokane, WA 99207
      View Details
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    3300 Division St
    Spokane, WA 99207
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    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
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