Flex Space with Attached Shop
For Sale
$198,000
153 N WYNNE St, Colville, WA 99114
COMMERCIAL - COLVILLE, WA
Property Size2,389 SF
Lot Size0.06 Acres
Price / SF$82.88
Days on Market290
Property Features for 153 N WYNNE St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
On Street, Off Street
Exterior features
Loading Dock, Road Frontage, Storage
Basement
Unfinished, Partial
Directions
Take the truck rout exit off the Colville south end roundabout. Turn right on Wynne St. Follow to the address. Property will be on your left
Subdivision
S1 - Colville
Standard status
Active
APN
0134100
Size
2,389 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COLVILLE SPOKANE TAX #1 BLK 16
Legal Description
COLVILLE SPOKANE TAX #1 BLK 16
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1975
Flooring type
Carpet, Concrete, Vinyl
Additional Structures
Storage
Listing Agency:
RE/MAX SELECT ASSOCIATES · RE/MAX International
(509) 684-1000
Listed By:
Michel Pitts · License #21029555
(509) 680-3365
Added: Oct 24, 2025
Changed: Aug 4
Last Checked: Aug 9 at 9:06PM
MLS# 45259
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.
Flex space building available for sale in downtown Colville. The building-only offering provides 2,389 square feet and includes two bathrooms and a kitchenette, with lots of storage. An attached shop/garage has its own alley access, supporting a variety of light commercial and flexible work needs.
The property sits in the City of Colville C-3 zone. Exterior features include a loading dock, road frontage, and storage. Interior finishes include carpet, concrete, and vinyl flooring. Heating is natural gas forced air, and cooling is provided by wall unit(s).
Built in 1975, the building offers public water service and includes a basement. Parking is available with both on-street and off-street options.
The property sits in the City of Colville C-3 zone. Exterior features include a loading dock, road frontage, and storage. Interior finishes include carpet, concrete, and vinyl flooring. Heating is natural gas forced air, and cooling is provided by wall unit(s).
Built in 1975, the building offers public water service and includes a basement. Parking is available with both on-street and off-street options.
Key Highlights
- 2,389 SF flex space building with kitchenette and two bathrooms
- Attached shop/garage with its own alley access
- City of Colville C‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,000
$278.0K
Cap Rate 7%
$198,571
$198.6K
Cap Rate 9%
$154,444
$154.4K
Market Conditions
NOI Build-Up for 2,389 SF
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.
Gross rent
$21.2K $8.88/SF
− Vacancy
−$1.4K −$0.57/SF
EGI
$19.9K $8.31/SF
− OpEx
−$6.0K −$2.49/SF
NOI
$13.9K $5.82/SF
Area
Stevens County, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,000
Cap Rate 7%
$198,571
Cap Rate 9%
$154,444
Alternative Uses
Best Use
Industrial
$198.6K
$173.8K – $231.7K
NOI $13,900 @ 7.0% cap · market cap 7.02%
Second Best
Flex RnD
$184.4K
$161.3K – $215.1K
NOI $12,907 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$616.4K
$539.3K – $719.1K
NOI $43,145 @ 7.0% cap · market cap 21.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99114, WA
12,649
Population
6,154
Households
2.1
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
718.5 sq mi
ZIP Area
18
Density / Sq Mi
$61,891
Median Household Income
$45,164
Median Earnings
$916
Median Rent
$268,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space building in the City of Colville C-3 zone with an attached shop/garage and alley access.
Where is this flex space located?
The property is located at 153 N WYNNE St Colville, WA.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: 2,389 SF flex space building with kitchenette and two bathrooms; Attached shop/garage with its own alley access; City of Colville C‑3 zoning
