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Industrial Property with Large Shop

1475 US-395 Chewelah, WA 99109

New
1475 US-395, Chewelah, WA, 99109
$685,000
For Sale
$685,000

COMMERCIAL - CHEWELAH, WA

Property Size4,040 SF
Lot Size21.23 Acres
Price / SF$169.55
Days on Market7

Property Features for 1475 US-395

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
2156901, 2156902
Size
4,040 SF
Lot size
21.23 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
That part of the SW4 of NE4 lying E of Hwy 395 & that part of the N2 of NW4 of NW4 lying E of Hwy 395 in S24, T33, R39

Utilities

Heating system
Electric (Heating), Wood Stove, Baseboard, Wood
Cooling system
Electric, Ductless, Zoned

Building Details

Year built
1978
Listing Agency KELLER WILLIAMS REALTY COLVILLE
1375 MAIN, Colville, WA
Listed by DAVE SITLER · License #13662
Added: Jul 14 Checked: Jul 20 at 2:06 am
MLS# 45500

Copyright © 2026 Northeast Washington Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This well-built commercial and industrial property sits on 21.23 acres and includes an apartment, a shop office, and a large shop with a loft. Three-phase power is in place. Site utilities include a good well and a holding tank, and the septic has been recently pumped and is reported in good working order.

The property has nearly 2,000 feet of frontage on Highway 395 and is located near Addy, in Stevens County, Washington. The quarry operation history remains on site with quarry still in place, along with large gravel and rock reserves.

The retained gravel and rock resources support uses such as landscaping material, as well as base rock and gravel for driveways. The property also borders BLM and National Forest Service land to the east, with recreation and hunting opportunities nearby.

Key Highlights

  • 21.23‑acre commercial property with nearly 2,000 ft of frontage on Highway 395 near Addy, WA
  • Building includes an apartment, shop office, and large shop with loft
  • Three‑phase power is in place

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $35.9k $8.88
− Vacancy −$2.3k −$0.57
EGI $33.6k $8.31
− OpEx −$10.1k −$2.49
NOI $23.5k $5.82
4,040 SF · lease $8.88/SF/yr · vacancy 6.40% · expense 30.00%

Alternative Uses

Best Use
Industrial
$335.8K
$293.8K – $391.8K (±1% cap)
NOI $23,505 @ 7.0% cap · market cap 3.43%
Second Best
Flex RnD
$311.8K
$272.8K – $363.8K (±1% cap)
NOI $21,826 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M (±1% cap)
NOI $72,962 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mining land & claims

FAQs

What type of property is this?
Mining land & claim - Industrial property with a large shop plus apartment and shop office, featuring frontage on Highway 395 and existing three-phase power.
Where is this mining land & claim located?
The property is located at 1475 US-395 Chewelah, WA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 21.23‑acre commercial property with nearly 2,000 ft of frontage on Highway 395 near Addy, WA; Building includes an apartment, shop office, and large shop with loft; Three‑phase power is in place
Contact an agent
More about this property
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