Property profile

4750 N Division St Spokane, WA 99207

FOR LEASE
Parking lots & garages
Property ID
US90-1988296
105,690 SF 23.79 ac lot Built 1991
Individually Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

Northtown Mall, located at 4750 N Division St, Spokane, WA 99207, presents a significant retail investment opportunity. This established shopping mall comprises four buildings totaling 925,797 square feet, spread across three stories. The property is zoned GC-70 and features 27 available spaces ranging in size from 363 square feet to 8,007 square feet, offering flexibility for a variety of retail tenants. The mall's diverse tenant mix currently includes dining, apparel, entertainment, and beauty businesses, creating a vibrant and attractive shopping destination. Ground level spaces range from approximately 846 to 6,700 square feet, while second-level spaces range from approximately 363 to 8,007 square feet. The property's location in Spokane County, with its APN numbers 36323.0032 & 36323.0033, provides excellent access to a substantial customer base. Rental rates and expense details (Modified Gross) are available upon request. This is an exceptional opportunity to secure prime retail space in a thriving Spokane location. Contact us to learn more about leasing opportunities at Northtown Mall.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1991
Total area 105,690 SF
Lot 23.79 ac (1,036,493 SF)
APN 36323.0033
UPID US90-1988296

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
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Clothing Store Children'S Clothing Store
  • Clothing & Fashion Store
  • Clothing Store Jeans Shop
  • Department Store

Location

4750 N Division St Spokane, WA 99207
Spokane metro Census 400 SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$34.15M
Blend (final) Blend
$32.76M

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2022
Price N/A
2022
$48.9M
2022
Price N/A
2019
Price N/A
2019
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $26.4M +49.5%
Medical building $25.1M +42.2%
Retail stores $25.1M +41.9%

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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