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Property profile & analytics
OFF-MARKET
Estimated value
$10,320,000
Retail space
5628 Division St, Spokane, WA 99208-1213
Individually Owned
1-yr Hold
Free & Clear
Property ID
US90-0276498
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
65,779 SF
Lot
7.64 ac (332,936 SF)
APN
36322.2604
UPID
US90-0276498
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
-
Holy Family Speech & Hearing Medical Clinic
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Nancy Cheadle Physician
-
Spirit Halloween (Bike/Boat/Book/etc) Store
-
Shores Misty D Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.50M
Comparable Approach
Comparable
$6.77M
Blend (final)
Blend
$10.32M
Owner & transaction history
Burlington Coat Factory Warehouse C · 1 yrs held
Burlington Coat Factory Warehouse C
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.5M
+8.6%
Medical building
$15.6M
+3.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spokane submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spokane submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,375,000
6.5%
$10,500,000
7%
$9,750,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,150,000
Current use
OFFICE BUILDING
$16,450,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$15,645,000
Change: +3% · Conversion: Difficult
RESTAURANT
$14,580,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,000,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$10.32M
Range $9.29M – $11.35M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$136,343
Tax year 2023
Assessed value
$13,981,780
Assessed 2024
Previous assessed
$13,383,140
+4.5% YoY
Effective rate
0.98%
On assessed value
Assessed land
$5,326,980
Assessed improvement
$8,654,800
Land market value
$5,326,980
Improvement market value
$8,654,800
Total market value
$13,981,780
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
2
Stories
1
Bathrooms
6
Total area
65,779 SF
Lot
7.64 ac (332,936 SF)
APN
36322.2604
UPID
US90-0276498
Jurisdiction
SPOKANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.2M
OFFICE BUILDING
Est. value
$16.5M
MEDICAL BUILDING
Est. value
$15.6M
RESTAURANT
Est. value
$14.6M
AUTO REPAIR, GARAGE
Est. value
$13.0M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Buildings
2
Bathrooms
6
Lot
7.64 ac
Current owner
From public records · entity-resolved
Burlington Coat Factory Warehouse C
Individual
Free & Clear · 1 yrs held
Mailing address
500 N BROADWAY STE #201, JERICHO, NY 11753-2122
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2024
—
Thrifty Payless INC
—
Deed
related
$255,000,000 · Bank Of America NA
Jul 11, 2024
—
Burlington Coat Factory Warehouse C
Franklin Park Sc LLC
Lease
—
Feb 4, 2005
—
Franklin Park S C LLC
Fp Mall LLC
Warranty Deed
$10,500,000 · Jpmorgan Chase Bank NA
Sep 16, 2002
$10,450,000
Fp Mall LLC
P O B Apollo Franklin Park LP
Grant Deed
—
Dec 31, 1998
$6,030,000
Pob Apollo Franklin Park LP
Citicase Corp
Grant Deed
$6,250,000 · Protective Life Insurance Co
May 15, 1997
—
Citicase Corp
—
Deed Of Trust
related
$4,626,000 · Continental Savings Bank
—
—
Franklin Park Sc LLC
—
Loan Modification
related
$9,065,798 · Wells Fargo 2005-cibc11 (te)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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