$33 SF/Yr

9229 N Division St, Spokane, WA 99218
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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?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

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

· Nov 2026

$375k

$338k – $413k

AI approach$375k

NOI build-up

Gross scheduled income$53k

Vacancy & credit loss−$5k

Operating expenses−$15k

NOI$34k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

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

9229 N Division St Spokane, WA 99218

County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

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

Value Estimation
$560,000

4,268 SF

12802 Division St

DRIVE-THRU RESTAURANT, FAST FOOD

12802 Division St, Spokane, WA 99218-1267

View Details
Value Estimation
$470,000

4,413 SF

9604 Newport Hwy

FINANCIAL BUILDING

9604 Newport Hwy, Spokane, WA 99218-1236

View Details
Value Estimation
$415,000

2,400 SF

9205 Division St

RESTAURANT

9205 Division St, Spokane, WA 99218-1224

View Details
Value Estimation by Request
4,620 SF

9265 Nevada St

RESTAURANT

9265 Nevada St, Spokane, WA 99218-5023

View Details
Value Estimation
$4,170,000

4,948 SF

426 Hastings Rd

RETAIL STORES (PERSONAL SERVICES)

426 Hastings Rd, Spokane, WA 99218-1937

View Details
Value Estimation
$555,000

5,783 SF

9225 Nevada St

RESTAURANT

9225 Nevada St, Spokane, WA 99218-5023

View Details

Similar Nearby for Sale

Contact for pricing
1,384 SF

Renovated Retail Space

Recently updated commercial space includes pylon sign revenue with the sale.

8915 North Division Street, Spokane, WA 99218

View Details
Contact for pricing
14,096 SF

Two-Story Commercial Building with Digital Sign

Modern two-story building with multiple lower retail/office suites, upper shared office amenities, and a digital pylon sign.

11402-11408 N Newport Hwy, Spokane, WA 99218

View Details
Contact for pricing
14,900 SF

High-Traffic Spokane Retail Opportunity

14,900 SF building on 3.23 acres in North Spokane.

10505 N Newport Hwy, Spokane, WA 99218

View Details

Similar Nearby for Lease

Contact for pricing
2,805 sqft

Net Lease Bank Space

For-rent bank/retail space offered on an NNN structure, with tenant verification required for estimated NNN amounts.

9506 N Newport Hwy, Spokane, WA 99218

View Details
New

$24 SF/Yr

6,154 sqft

Retail Space for Lease

Available retail space offers a dedicated footprint for tenants looking to establish or expand in Spokane.

9414 N. Division St, Spokane, WA 99218

View Details
New

Contact for pricing
1,688 sqft

Office/Retail Suite with Pad Options

For lease, Suite 10 offers approximately 1,688 SF of office/retail space on an NNN lease structure.

10925 N Newport Hwy, Spokane, WA 99218

View Details
New

Contact for pricing
1,609 sqft

High-Traffic Corner Retail Storefront

1,609 SF retail space on a high-traffic corner with available building and freestanding signage.

9502 N Newport Hwy, Spokane, WA 99218

View Details
Contact for pricing
1,500 sqft

RETAIL

Retail space · 1,500 SF

8702 N Division St, Spokane, WA 99218

View Details
Contact for pricing
1,384 sqft

Renovated Retail Space

Updated commercial space positioned near established shopping, retail, and service businesses.

8915 N Division Street, Spokane, WA 99218

View Details

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9229 N Division St Spokane, WA 99218

Property summary