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Property profile & analytics
OFF-MARKET Estimated value $885,000
Retail space

4610 Division St Spokane, WA 99207-6009

5,187 SF 0.27 ac lot Built 1989
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-0645026
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased 5,000 square foot retail strip center located at 4610 N Division Street in Spokane, Washington. Built in 1989 and renovated in 2006, the property sits on a 0.27-acre lot (APN 35052.0413) and boasts a desirable location with high visibility and traffic. The center currently houses Body by Biju & Extra Beauty, ensuring a stable income stream. With 12 parking spaces available, customer convenience is prioritized. The property benefits from a strong traffic count of approximately 41,000 vehicles per day on Division Street. The zoning is designated GC-70. This NNN leased investment offers a compelling 6.27% cap rate, making it an attractive addition to any portfolio. The asking price is $850,000. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a thriving Spokane location. Serious inquiries only.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,187 SF
Lot 0.27 ac (11,880 SF)
APN 35052.0413
UPID US90-0645026
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
  • SMS Martial Arts Training Center Sports School
  • Extra Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
  • Body By Biju - One on One Personal Training, Weightloss Program - Private Gym Spokane Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$830k
Comparable Approach Comparable
$912k
Blend (final) Blend
$885k
Owner & transaction history
Jing & Yan LLC · 1 yrs held
Jing & Yan LLC
since 2024
Last sale
$895,000
2 recorded transactions
2024
$895,000
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.3M +5.3%
Medical building $1.2M +0.2%
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