Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4684 GROUSE CREEK RD Chewelah, WA 99109

    View on Map
    Claim this Listing
    For Sale
    $290,000

    Acreage - CHEWELAH, WA

    Lot size:
    49.55 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 21 at 2:06 pm

    Property Features for 4684 GROUSE CREEK RD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5300305, 5300310
    Lot size
    49.55 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    185

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Day Star Realty Team

    Listing agent Day Star Realty Team

    Listing office KELLER WILLIAMS REALTY COLVILLE 1375 MAIN, COLVILLE, WA 99114, Colville, WA

    Listing date Mar 6, 2026

    MLS# 45582 Listing URL

    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.

    Overview

    49.55 Acre Chewelah Land

    This 49.55-acre property, located south of Chewelah, WA, offers a combination of level and flat areas with some trees and mostly open space. The property features benches that provide potential building sites with valley and mountain views. Rustic, log-framed outbuildings and power are available on the property, though a new meter will need to be installed for power. A spring is located on the property, but it has not been developed for use. The property is divided into two parcels, offering potential for the construction of an additional dwelling unit. It provides easy access to Spokane via Hwy 395.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Chewelah
    County
    Stevens
    State
    Washington
    Longitude
    -117.582358
    Latitude
    48.215272

    Nearby Similar for Sale

    • $775,000
      8,704 SF

      Commercial Property in Chewelah Industrial Park

      Commercial property on 1.6 acres in Chewelah's Industrial Park.
      634 7TH ST E, CHEWELAH, WA 99109
      View Details
    • $59,500

      Scenic Lot with Hiking Trail

      Beautiful lot with mature trees, ravine, and hiking trail.
      270 EAGLE DR, CHEWELAH, WA 99109
      View Details
    • $105,000

      20-Acre Land Parcel in Chewelah

      20 acres of marketable timber, building sites, and exceptional privacy.
      26XX BURNT VALLEY RD, CHEWELAH, WA 99109
      View Details
    • $685,000
      4,040 SF

      Commercial Building on 21 Acres

      Commercial building on 21 acres with highway frontage.
      1475 US-395, CHEWELAH, WA 99109
      View Details
    • $115,000

      20 Acre Land Parcel Chewelah

      20 acres of land near Chewelah, Washington for sale.
      26XX BURNT VALLEY RD, CHEWELAH, WA 99109
      View Details
    • $76,500

      Golf Course Lot with Views

      Serene lot on Chewelah Golf Course with stunning valley views.
      1612 PALMER LP, CHEWELAH, WA 99109
      View Details
    • $54,000

      CHEWELAH, WA Building Lot

      Building lot near clubhouse with recreational opportunities and easy access.
      202 EAGLE DR, CHEWELAH, WA 99109
      View Details
    • $54,500

      Chewelah Golf Course Timbered Lot

      Timber lot on Chewelah Golf Course, mobile home approved.
      203 EAGLE DR, CHEWELAH, WA 99109
      View Details
    • $110,000

      31.5 Acres Recreational Land Chewelah

      31.5 acres of recreational land with diverse natural features.
      3401 Red Marble Rd, Chewelah, WA 99109
      View Details
    • $110,000

      20 Acre Land Parcel Chewelah

      20-acre parcel near Chewelah, WA, with building sites.
      26XX BURNT VALLEY RD, CHEWELAH, WA 99109
      View Details
    • $699,900
      2,400 SF

      Renovated Chewelah Commercial Building

      Income-producing property with office spaces and apartment in downtown Chewelah.
      108 MAIN AVE, CHEWELAH, WA 99109
      View Details
    • $699,000
      4,915 SF

      Remodeled Restaurant Opportunity in Chewelah

      Remodeled restaurant with bar and Airbnb efficiencies in Chewelah.
      207 E Main Ave, Chewelah, WA
      View Details

    FAQs

    What type of property is this?
    Land - 49.55 acres near Chewelah, WA with building potential.
    Where is this land located?
    The property is located at 4684 GROUSE CREEK RD Chewelah, WA.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Large 49.55 acre property suitable for development; Already divided into two parcels for ease of development; Excellent building sites with valley and mountain views
    (509) 684-1414
    We can help!
    Listing Contact
    Day Star Realty Team
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!