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    Property profile & analytics
    OFF-MARKET Estimated value $1,100,000
    Retail space

    2103 Division St, Spokane, WA 99207-2262

    5,915 SF 0.36 ac lot Built 2006
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US90-3237172
    Property summary
    AI-generated overview

    This exceptional 5,949 square foot retail shopping center, located at 2103 & 2111 North Division Street in Spokane, Washington, presents a lucrative investment opportunity. The property boasts a strong net operating income (NOI) of $52,293 and is offered at an asking price of $1,350,000, translating to $226.93 per square foot. Situated on a sizable 23,060 square foot lot, the multi-tenant property is zoned General Commercial - 70 (GC-70), allowing for a variety of commercial uses. The four-bay strip center benefits from high visibility and accessibility due to its prime location on North Division Street. A key feature is the end-cap unit, which includes a drive-thru, enhancing its appeal to potential tenants and increasing its overall value. The property's strong performance and desirable location make it an ideal addition to any investment portfolio. The Assessor's Parcel Numbers (APN) are 35074.1703 and 35074.1702. This is a rare opportunity to acquire a well-established retail center in a thriving Spokane market.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2006
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 5,915 SF
    Lot 0.36 ac (15,645 SF)
    APN 35074.1703
    UPID US90-3237172
    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
    • Finders Insurance Insurance Agency
    • Wrightway Beauty Supply (Bike/Boat/Book/etc) Store Cosmetic Store
    • CPR Central Spokane|AHA BLS ACLS NRP First Aid AED certification instructor training course class Training Center Vocational School
    • Nailed It Spa Nail Salon
    • Amazon Hub Counter - Wrightway Beauty Supply Postal Service Courier Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $945k
    Comparable Approach Comparable
    $1.25M
    Blend (final) Blend
    $1.10M
    Owner & transaction history
    Jack 20 LLC · 1 yrs held
    Jack 20 LLC
    since 2025
    Last sale
    $1.1M
    4 recorded transactions
    2025
    $1.1M
    2015
    $1.1M
    2009
    2006
    $875,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.5M +5.3%
    Medical building $1.4M +0.2%
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