7115 Division StSpokane, WA 99208

  • Retail properties
  • 43,000 SF
For Lease
$22/SF/YR View listing

Property Details for 7115 Division St

Year built
2002
Lot size
1.16 AC
Property size (Sq ft)
43,000 SF
Property type
Retail properties
Property subtype
Retail space
APN
36301.9048
APU
363019048

Description

This 7,024 square foot retail strip center, built in 2002, is located in Spokane County at 7115 N. Division St., Ste. B. Currently, one unit totaling 1,361 square feet is available for lease, offering immediate occupancy starting September 1, 2023. The property boasts excellent visibility and accessibility, situated on a high-traffic thoroughfare with a daily traffic count exceeding 44,400 vehicles. Ample parking is provided for customer convenience. The building features a pylon sign, providing excellent opportunities for branding and visibility. This is an ideal location for businesses seeking high exposure and a strong customer base. The single building comprises multiple tenancies, indicating a thriving retail environment. The available space presents a unique opportunity for businesses to establish a presence in a well-established and highly visible retail center. The property's location and features make it an attractive option for a variety of retail uses. Interested parties are encouraged to inquire for further details and leasing information.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $10,341,525
    6.5%
    $9,546,023
    7%
    $8,864,164
  • Comparable approach

    Method
    Valuation
    Relative Method
    $23,103,436
    Geo Method
    $23,103,436
  • Alternative Use

    Use
    Valuation
    Residential
    $8,052,428
    Hospitality
    $7,375,980
    Educational
    $6,136,729
    Medical
    $6,347,780
    Retail
    $9,546,023
7115 Division St, Spokane, Washington

Location Insight

City
Spokane
County
Spokane
State
Washington
Latitude
47.7231
Longitude
-117.412
CBSA code
44060
CBSA name
SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,035
$1,057,500
$685,300
$1,742,800
-
$1,057,500
$685,300
$1,742,800

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