Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    NKN Lot 2 Veit Rd Newport, WA 99156

    View on Map
    Claim this Listing
    For Sale
    $129,900

    LAND - Newport, WA

    Lot size:
    20.00 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    53
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for NKN Lot 2 Veit Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    443005500009
    Lot size
    20.00 Acres

    Utilities

    Water front features
    Pond

    We can help!

    Listing Contact
    Greg Coelho

    Listing agent Greg Coelho License #1703183

    Listing office EXIT Real Estate Professionals 1403 S Grand Blvd STE 101N, Spokane, WA

    Listing date Mar 16, 2026

    MLS# 202613807 Listing URL

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

    HighLights

    • Private homesite or nature retreat with pond
    • Enjoy 180‑degree views with southwestern exposure
    • Easy access to Newport and Spokane
    • New graveled road and available power and fiber internet
    • Surrounded by a variety of trees and wildlife
    • Close proximity to Hwy 2

    Overview

    Newport Land with Pond

    This property, located near Newport, Washington, offers a private homesite or nature retreat. The 20-acre lot features a pond and a new graveled road. It provides 180-degree views with southwestern exposure and is surrounded by a variety of trees and wildlife, drawn to the wetland areas. The property is situated a few miles off Hwy 2, approximately 15 minutes from Newport and 45 minutes from Spokane. Access is via Veit Rd. Power and fiber internet options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Spa & Massage Center Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Pend Oreille
    State
    Washington
    Longitude
    -117.2769419
    Latitude
    48.1378773

    Nearby Similar for Sale

    • $625,000
      2,438 SF

      Newport Commercial Opportunity Near Diamond Lake

      Renovated mixed-use building with high visibility and redevelopment potential.
      802 Southshore Diamond Lake Rd, Newport, WA 99156
      View Details
    • $57,000

      Highway Frontage Land in Newport

      Commercial land with high visibility and development potential near Newport.
      331861 HIGHWAY 2, NEWPORT, WA 99156
      View Details
    • $599,900

      Rugged Canyon Retreat For Sale

      Unique 60.84-acre Pacific Northwest wilderness with river and abundant wildlife.
      8XX Little Spokane River Rd, Newport, WA 99156
      View Details
    • $249,999

      Manicured Forest Retreat with Structure

      10-acre forest retreat featuring a luxury trailer and amenities.
      8657 SPRING VALLEY RD, NEWPORT, WA 99156
      View Details
    • $149,000

      Recreational Land with Insulated Shop

      5.2 acres with shop, lake access, ideal recreation.
      761 Granite Rd, Newport, WA 99156
      View Details
    • $115,000

      Diamond Lake Land Opportunity

      Land near Diamond Lake, ideal for building or investment.
      Southshore Diamond Lake Rd lot: 6, Newport, WA 99156
      View Details
    • $105,000

      Land Near Diamond Lake

      Land for vacation cabin or full-time home near Diamond Lake.
      Southshore Diamond Lake Rd lot: 11, Newport, WA 99156
      View Details
    • $110,000

      Land Near Diamond Lake

      Land for vacation cabin or full-time home near Diamond Lake.
      Southshore Diamond Lake Rd lot: 9, Newport, WA 99156
      View Details
    • $115,000

      Land Near Diamond Lake

      Land near Diamond Lake, ideal for recreation or investment.
      Southshore Diamond Lake Rd lot: 7, Newport, WA 99156
      View Details
    • $110,000

      Diamond Lake Land Opportunity

      Land near Diamond Lake, ideal for recreation or investment.
      Southshore Diamond Lake Rd lot: 8, Newport, WA 99156
      View Details
    • $275,000

      Newport Land with Shop

      20-acre property featuring a shop, RV parking, and garden.
      800 Hillcrest Ln, Newport, WA 99156
      View Details
    • $105,000

      Land Near Diamond Lake

      Residential lots near Diamond Lake with utilities available.
      Southshore Diamond Lake Rd lot: 10, Newport, WA 99156
      View Details

    FAQs

    What type of property is this?
    Land - Private homesite or nature retreat near Newport and Spokane.
    Where is this land located?
    The property is located at NKN Lot 2 Veit Rd Newport, WA.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Private homesite or nature retreat with pond; Enjoy **180‑degree views with southwestern exposure**; Easy access to Newport and Spokane
    (509) 535-8400
    We can help!
    Listing Contact
    Greg Coelho
    Real Estate License ID: 1703183
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NKN Lot 2 Veit Rd, Newport, WA 99156
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!