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Property profile & analytics
FOR LEASE
Retail space
1001 N Division St, Spokane, WA 99202
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-3278956
For Lease
$1,875,000
1001 N Division St, Spokane, WA 99202
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Total area
10,200 SF
Lot
0.44 ac (19,380 SF)
APN
35181.1409
UPID
US90-3278956
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wallaroo's Furniture and Mattresses - North Division Furniture & Home Goods Home Decor Store
-
Wallaroo's Furniture and Mattresses - South Division Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.88M
Owner & transaction history
LLC & M LLC · 18 yrs held
LLC & M LLC
since 2007
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+74.2%
Medical building
$2.4M
+65.7%
Restaurant
$2.3M
+54.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,630,000
7%
$1,510,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,465,000
Current use
OFFICE BUILDING
$2,550,000
Change: +74% · Conversion: Easy
MEDICAL BUILDING
$2,425,000
Change: +66% · Conversion: Difficult
RESTAURANT
$2,260,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,015,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,835,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,645,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,857
Tax year 2023
Assessed value
$1,727,580
Assessed 2024
Previous assessed
$1,512,620
+14.2% YoY
Effective rate
0.98%
On assessed value
Assessed land
$503,880
Assessed improvement
$1,223,700
Land market value
$503,880
Improvement market value
$1,223,700
Total market value
$1,727,580
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1937
Heating
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
10,200 SF
Lot
0.44 ac (19,380 SF)
APN
35181.1409
UPID
US90-3278956
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1937
Heating
NONE
Stories
1
Buildings
2
Bathrooms
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
LLC & M LLC
Entity
Mailing address
1912 N DIVISION ST #201, SPOKANE, WA 99207-2230
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2007
$1,490,000
LLC & M LLC
Ziuchovski Schumacher Ptshp
Warranty Deed
—
Mar 16, 1995
$650,000
David A Ziuchkovski
Bergquist,george K & Gregory D
Grant Deed
$525,000 · Seller
—
—
Kenneth R Seiler
—
Deed Of Trust
related
$325,000 · Global FCU
—
—
Ziuchkovski Schumacher Ptshp
—
Deed Of Trust
related
$236,780 · State/washington Dept/revenue
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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