Flex Space With Loading
For Sale
$249,000
153 N WYNNE St, Colville, WA 99114
Commercial, COLVILLE, WA
Property Size2,300 SF
Lot Size0.06 Acres
Price / SF$104.23
Days on Market459
Property Features for 153 N WYNNE St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
Off Street, On 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
Tax Annual Amount
1563
Legal Description
COLVILLE SPOKANE TAX #1 BLK 16
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Amenities
kitchenette
Building Details
Year built
1975
Flooring type
Vinyl, Concrete, Carpet
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: Jun 23, 2025
Changed: Sep 13
Last Checked: Sep 24 at 2:06PM
MLS# 44818
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 2,389-square-foot flex property offers a practical combination of work, storage, and support areas. The building includes a shop/garage, substantial storage, two bathrooms, and a kitchenette, with vinyl, concrete, and carpet flooring throughout. Heating is provided by forced-air natural gas, while cooling is handled by wall units.
Located at 153 N Wynne St in downtown Colville, the property is within the City of Colville’s C-3 zone. Exterior features include a loading dock and road frontage. Parking is available both on and off the street, and the building has public water service. Constructed in 1975, the property includes a basement and occupies a 0.06-acre lot.
Located at 153 N Wynne St in downtown Colville, the property is within the City of Colville’s C-3 zone. Exterior features include a loading dock and road frontage. Parking is available both on and off the street, and the building has public water service. Constructed in 1975, the property includes a basement and occupies a 0.06-acre lot.
Key Highlights
- 2,389‑square‑foot flex building on a 0.06‑acre lot
- City of Colville C‑3 zoning
- Loading dock and road frontage
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
5.58%
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
Retail
$354.1K
$309.9K – $413.2K
NOI $24,789 @ 7.0% cap · market cap 9.96%
Second Best
Industrial
$198.6K
$173.8K – $231.7K
NOI $13,900 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$616.4K
$539.3K – $719.1K
NOI $43,145 @ 7.0% cap · market cap 17.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - C-3-zoned flex space with a shop, storage, kitchenette, and two bathrooms.
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 $249,000.
What are key features of this property?
This property features: 2,389‑square‑foot flex building on a 0.06‑acre lot; City of Colville C‑3 zoning; Loading dock and road frontage
