Financial
Distress signals
Property profile

9229 N Division St Spokane, WA 99218

FOR LEASE
Drive through restaurants
Property ID
US90-1159737
3,275 SF 0.56 ac lot Built 1985
Last sale Apr 2026 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property includes approximately 3,275 square feet of space configured for either a drive-through restaurant or retail use. It is a second-generation drive-through, indicating an existing drive-through layout suited to customer service and vehicular access.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$953k
Assessed land$392k
Assessed improvement$561k
Effective rate0.95%

Value estimate

· Sep 2026
$375k
$338k – $413k
AI approach$375k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$222/SF
Submarket average, outlier-cleaned · 62 recorded sales of this use type
Observed band · Q1–Q3$122 – $435
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPOKANE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm17.7
HVAC Service11.9
Parking Facility10.5

Location

9229 N Division St Spokane, WA 99218
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9265 Nevada, Spokane, WA 99218-5023 $1,700,000 Mar 2025 4,620 SF
12226 Division, Spokane, WA 99218-3604 $3,817,450 Oct 2024 2,662 SF
9998 Newport, Spokane, WA 99218-1368 $1,250,000 Aug 2022 3,968 SF
711 Hastings, Spokane, WA 99218-2819 $1,500,000 Sep 2021 2,994 SF
10306 Nevada, Spokane, WA 99218-1419 $600,000 Aug 2019 4,481 SF
12208 Division, Spokane, WA 99218-3619 $974,000 Jul 2019 4,830 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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