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    Property profile & analytics

    7115 Division St Spokane, WA 99208

    • Retail space
    • 43,000 SF
    • 1.16 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    $750,000
    Location Intelligence
    Property ID
    US90-0777686
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jaliscos Mexican Restaurant and Tequileria / Mexican Restaurant
    • Bookkeep Direct PC / Bookkeeping Service / Accountant
    • Jalisco's Family Mexican Restaurant / Mexican Restaurant / Family Restaurant
    • Western Skies Construction LLP / Contractor
    • Spokane Heating and Cooling / Air Conditioning Contractor

    Property Details for 7115 Division St

    Year built
    2002
    Lot size
    1.16 lot acres
    Property size
    43,000 SF
    Property type
    Retail space
    APN
    36301.9048
    APU
    363019048

    Description

    This 7,024 square foot retail strip center, built in 2002, is located in Spokane County at 7115 N. Division St., Ste. B. Currently, one unit totaling 1,361 square feet is available for lease, offering immediate occupancy starting September 1, 2023. The property boasts excellent visibility and accessibility, situated on a high-traffic thoroughfare with a daily traffic count exceeding 44,400 vehicles. Ample parking is provided for customer convenience. The building features a pylon sign, providing excellent opportunities for branding and visibility. This is an ideal location for businesses seeking high exposure and a strong customer base. The single building comprises multiple tenancies, indicating a thriving retail environment. The available space presents a unique opportunity for businesses to establish a presence in a well-established and highly visible retail center. The property's location and features make it an attractive option for a variety of retail uses. Interested parties are encouraged to inquire for further details and leasing information.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $770,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $790,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $870,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $660,000
      Retail
      $665,000
      Mixed-Use
      $580,000
      Hospitality
      $605,000
      Educational
      $715,000
      Residential Income
      $730,000
      Energy
      $795,000
      Income-Based Land
      $625,000
      Food Service
      $795,000

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.412
    Latitude
    47.7231
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,035
    $1,057,500
    $685,300
    $1,742,800
    -
    $1,057,500
    $685,300
    $1,742,800

    Comparable in this City

    • Value Estimation by Request
      22,714 SF

      5520 Division St

      RETAIL STORES (PERSONAL SERVICES) • 22,714 SF
      5520 Division St, Spokane, WA 99208-1211
      View Details
    • Value Estimation by Request
      20,576 SF

      8108 Division St

      RETAIL STORES (PERSONAL SERVICES) • 20,576 SF
      8108 Division St, Spokane, WA 99208-5712
      View Details
    • Value Estimation by Request
      15,684 SF

      8801 Indian Trl Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,684 SF
      8801 Indian Trl Rd, Spokane, WA 99208-6052
      View Details
    • Value Estimation by Request
      32,375 SF

      7714 Division St

      RETAIL STORES (PERSONAL SERVICES) • 32,375 SF
      7714 Division St, Spokane, WA 99208
      View Details
    • Value Estimation
      $3,135,000
      6,540 SF

      804 Francis Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,540 SF
      804 Francis Ave, Spokane, WA 99208-3637
      View Details
    • Value Estimation by Request
      12,288 SF

      8313 Division St

      RETAIL STORES (PERSONAL SERVICES) • 12,288 SF
      8313 Division St, Spokane, WA 99208-5715
      View Details

    Similar Nearby for Sale

    • $3,500,000
      24,000 SF

      Division Street Retail Building

      24,000 SF Class A retail on Division Street.
      N Division St, Spokane, WA 99208
      View Details
    • $2,480,000
      4,802 SF

      Freestanding Retail Building on Division

      High-visibility retail building in Spokane's thriving North Hill neighborhood.
      5903 N Division St, Spokane, WA 99208
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    • Contact for pricing
      5,775 SF

      Retail Space on Francis Avenue

      Retail space with great visibility and easy access.
      220-226 E Francis Ave, Spokane, WA 99208
      View Details
    • $2,300,000
      18,211 SF

      Spokane Retail Opportunity For Sale

      18,211 SF retail space on 1.4 acres.
      21 E Lincoln Rd, Spokane, WA 99208
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    • $299,000
      7,108 SF

      Spokane Hand-Wash Car Wash Opportunity

      Established hand-wash car wash business for sale in Spokane.
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    • $595,000

      Retail Property For Sale

      Retail property available for purchase in Spokane, Washington.
      6212-6226 N Market St, Spokane, WA 99208
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    Similar Nearby for Lease

    • $20 SF/Yr
      2,750 SF

      Division Street Retail Space Available

      Retail space available for lease on Division Street.
      6005-6011 N Division St, Spokane, WA 99208
      View Details
    • $14 SF/Yr
      3,950 SF

      Retail Space Available For Rent

      Retail space available for lease in Spokane, Washington.
      7414-7458 N Division St, Spokane, WA 99208
      View Details
    • $21 SF/Yr
      1,200 SF

      Retail Space Available For Rent

      Retail space available for lease in Spokane, WA.
      6506-6518 N Nevada St, Spokane, WA 99208
      View Details
    • $11 SF/Yr
      23,976 SF

      Retail Space on N Division

      Retail space with ample parking and excellent visibility available for rent.
      7503 N Division St, Spokane, WA 99208
      View Details
    • $21 SF/Yr
      19,000 SF

      Retail Space in Grocery-Anchored Center

      Retail space available in well-established, grocery-anchored shopping center.
      6516 N Nevada St, Spokane, WA 99208
      View Details
    • $22 SF/Yr
      1,920 SF

      Retail Space Available For Rent

      Retail space available for lease in Spokane, Washington.
      6104-6230 N Division St, Spokane, WA 99208
      View Details
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    7115 Division St
    Spokane, WA 99208
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    Realmo Value Estimation

    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.

    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.

    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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