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Property profile & analytics
FOR LEASE
Grocery and convenience stores
9414 N Division St Spokane, WA 99218
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-1463636
For Lease
1 / 2
$24 SF/Yr
9414 N Division St, Spokane, WA 99218
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,134 SF
Lot
5.5 ac (239,534 SF)
APN
36202.0079
UPID
US90-1463636
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
-
Rosauers Pharmacy Pharmacy
-
William Umphrey, RPH Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
United States Postal Service Post Office
-
U.S. Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.74M
Owner & transaction history
Rpi Properties INC · 12 yrs held
Rpi Properties INC
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$97 / 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
$59,467
Tax year 2023
Assessed value
$6,649,440
Assessed 2024
Previous assessed
$6,462,210
+2.9% YoY
Effective rate
0.89%
On assessed value
Assessed land
$3,113,940
Assessed improvement
$3,535,500
Land market value
$3,113,940
Improvement market value
$3,535,500
Total market value
$6,649,440
Applied tax rate
30.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
4
Total area
59,134 SF
Lot
5.5 ac (239,534 SF)
APN
36202.0079
UPID
US90-1463636
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
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
4
Lot
5.5 ac
Current owner
From public records · entity-resolved
Rpi Properties INC
Entity
Mailing address
PO BOX 9000, SPOKANE, WA 99209-9000
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2014
—
Rpi Properties INC
—
Loan Modification, Consolidation And Extension
related
$78,000,000 · Bank Of Montreal
Dec 20, 2010
—
Rpi Properties INC
—
Deed Of Trust
related
$78,000,000 · Bank Of Montreal
May 14, 2009
—
Rpi Properties INC
—
Deed Of Trust
related
$73,000,000 · Bank Of Montreal
Jun 13, 2000
—
Rpi Properties INC
—
Deed Of Trust
related
$73,000,000 · Harris Trust & Savings Trustee
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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