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1219 Division St Spokane, WA 99202-1729

OFF-MARKET Retail space Google Maps
5,300 SF 0.35 ac lot Built 1946
Entity Owned Free & Clear
Estimated value (blended)
$355k
Range $320k – $391k (±10%)
Property ID US90-1323594

Property summary

AI-generated overview

This exceptional free-standing retail building, totaling 10,600 square feet, presents a unique investment opportunity in Spokane, Washington. Situated on a 0.35-acre lot at 1219 N Division St, 99202, this single-tenant property enjoys a highly desirable location. Its proximity to Gonzaga University and the North Periphery business district ensures high visibility and significant foot traffic. The building's substantial size offers ample space for a variety of retail uses, making it an attractive prospect for established businesses or new ventures. The property is classified as retail, specifically a store, within Spokane County. This prime location offers excellent access to major transportation routes, ensuring convenient access for both customers and employees. The building's freestanding nature provides ample parking and excellent street visibility, maximizing its potential for attracting customers. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving Spokane neighborhood. The property's size and location make it an ideal investment for those seeking a strong return on investment in a dynamic market. Serious inquiries are encouraged to explore this promising opportunity further.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1946
Total area 5,300 SF
Lot 0.35 ac (15,200 SF)
APN 35181.0817
UPID US90-1323594

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service
  • Furniture & Home Goods Home Decor Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$845k
Comparable Approach Comparable
$859k
Blend (final) Blend
$355k

Owner & transaction history

since 2025
7 recorded transactions
2025
$825,000
2021
Price N/A
2021
Price N/A
2017
Price N/A
2017
Price N/A
2013
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.3M +65.7%
Restaurant $1.2M +54.4%
Auto repair, garage $1.0M +37.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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