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3401 Division St Spokane, WA 99207-1805

OFF-MARKET Office buildings Google Maps
1,573 SF 0.08 ac lot Built 1969
Entity Owned 18-yr Hold Free & Clear
Estimated value (blended)
$300k
Range $270k – $330k (±10%)
Property ID US90-1373983

Property summary

AI-generated overview

This 1,573-square-foot storefront building, located at 3401 N Division St in Spokane, WA 99205, presents a compelling investment opportunity. Situated on a 0.08-acre lot, this property boasts a prime location just four blocks north of the Division-Ruby couplet, experiencing a high average daily traffic count of 44,500 vehicles. The building, constructed in 1969, is zoned GC-70 and offers excellent visibility thanks to pylon signage and an electronic display board. Four on-site parking spaces are available, supplemented by ample street parking. The property is currently vacant and available for purchase at $875,000 ($556.26/sq ft). Its strategic location places it amidst a thriving retail environment, surrounded by national and regional retailers such as AutoZone, Denny's, Fred's Appliance, Jack in the Box, Meineke, O'Reilly Auto Parts, Pounder's Jewelry, Staples, Starbucks, Super Supplements, Walgreens, and Yoke's. The densely populated area offers a significant customer base: 18,806 within 1 mile, 137,206 within 3 miles, and 225,543 within 5 miles. The property also offers building signage options. Showings are by appointment only.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Construction STEEL FRAME
Total area 1,573 SF
Lot 0.08 ac (3,579 SF)
APN 35064.3212
UPID US90-1373983

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2008
2 recorded transactions
2008
Price N/A
1995
$192,025

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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