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12408 N Division St Spokane, WA 99218

Retail space Google Maps
774 SF 0.15 ac lot Built 1989
Individually Owned 15-yr Hold ~ Est. High Equity
Estimated value (blended)
$340k
Range $306k – $374k (±10%)
Property ID US90-2052301

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Construction STEEL FRAME
Total area 774 SF
Lot 0.15 ac (6,706 SF)
APN 36082.9126
UPID US90-2052301

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
  • Gym & Fitness Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2010
3 recorded transactions
2024
Price N/A
2010
$15.0M
2001
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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