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    12408 Division St Spokane, WA 99218

    • Retail space
    • 774 SF
    • 0.15 lot acres
    For Lease
    View listing
    Value Estimation
    $5,205,000
    Location Intelligence
    Property ID
    US90-2052301
    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

    • The Troop / Fitness Center

    Property Details for 12408 Division St

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    0.15 lot acres
    Property size
    774 SF
    Property type
    Retail space
    APN
    36082.9126
    APU
    360829126

    Description

    Located in Spokane County, Wandermere Mall & Village offers a unique opportunity for retail businesses seeking flexible space options. This multi-tenant property boasts a total of 47,449 square feet, with a minimum divisible space of 1,505 square feet and a maximum contiguous space of 43,744 square feet. Currently, the entire 47,449 square feet is available for lease. The property sits on a 1.2-acre lot, providing ample space and visibility. Ideal for a variety of retail concepts, this location presents a chance to establish a strong presence in a thriving community. The property's flexible space options allow for customization to suit individual business needs, ranging from smaller boutique shops to larger retail establishments. The strategic location within Spokane County ensures high foot traffic and excellent exposure to potential customers. This is an exceptional opportunity to secure prime retail space in a desirable location. Contact us today to learn more about leasing options and to schedule a viewing. The property is classified as retail commercial space.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.401
    Latitude
    47.7705
    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
    $6,891
    $57,000
    $682,500
    $739,500
    -
    $57,000
    $682,500
    $739,500

    Comparable in this City

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    • Value Estimation by Request
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      620 Holland Ave

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    • Value Estimation by Request
      22,042 SF

      10208 Division St

      RETAIL STORES (PERSONAL SERVICES) • 22,042 SF
      10208 Division St, Spokane, WA 99218-1569
      View Details
    • Value Estimation
      $415,000
      8,060 SF

      9425 Division St

      RETAIL STORES (PERSONAL SERVICES) • 8,060 SF
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      View Details
    • Value Estimation
      $4,725,000
      8,076 SF

      12310 Division St

      RETAIL STORES (PERSONAL SERVICES) • 8,076 SF
      12310 Division St, Spokane, WA 99218-1951
      View Details
    • Value Estimation
      $950,000
      4,845 SF

      9717 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,845 SF
      9717 Newport Hwy, Spokane, WA 99218-1266
      View Details

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    Spokane, WA 99218
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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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