Historic Restaurant
For Sale
$215,000
4952 HIGHWAY 25 S, Hunters, WA 99137
Commercial, HUNTERS, WA
Property Size1,264 SF
Lot Size0.33 Acres
Price / SF$170.09
Days on Market208
Property Features for 4952 HIGHWAY 25 S
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Lighting
Directions
Hwy 25 S to Hunters. Building is on the right side when you come into town.
Subdivision
S12 - Southwest County
Standard status
Active
APN
1580800
Size
1,264 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
TAX #9
Tax Annual Amount
748
Legal Description
TAX #9
Utilities
Heating system
Propane (Heating), Forced Air
Water source
Public
Amenities
original hardwood floors
tongue-and-groove ceilings
full commercial kitchen
bar setup
Building Details
Year built
1918
Flooring type
Wood
Listing Agency:
RE/MAX Four Seasons
(509) 936-9033
Listed By:
Nicole Alby · License #23008552
(509) 936-1199
Added: Feb 17
Changed: Sep 7
Last Checked: Sep 13 at 4:06AM
MLS# 45519
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.
Built in 1918, this 1,264-square-foot restaurant property retains original hardwood floors and tongue-and-groove ceilings. The interior includes a full commercial kitchen and bar setup, with propane heating, forced-air heating, lighting, and public water service. The 0.33-acre property can support a range of concepts identified for the site, including restaurant, event venue, retail, studio, or residential use.
Located at 4952 Highway 25 S in Hunters, Washington, the property is positioned minutes from Lake Roosevelt. Its established restaurant configuration and existing interior features provide a foundation for continued hospitality use or a different commercial direction.
Located at 4952 Highway 25 S in Hunters, Washington, the property is positioned minutes from Lake Roosevelt. Its established restaurant configuration and existing interior features provide a foundation for continued hospitality use or a different commercial direction.
Key Highlights
- 1,264‑square‑foot building on a 0.33‑acre parcel
- Original hardwood floors and tongue‑and‑groove ceilings
- Full commercial kitchen and bar setup
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
$15,341
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
7.14%
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%
$306,820
$306.8K
Cap Rate 7%
$219,157
$219.2K
Cap Rate 9%
$170,456
$170.5K
Market Conditions
NOI Build-Up for 1,264 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
$22.0K $17.40/SF
− Vacancy
−$1.5K −$1.22/SF
EGI
$20.5K $16.18/SF
− OpEx
−$5.1K −$4.05/SF
NOI
$15.3K $12.14/SF
Area
Stevens County, WA
Vacancy
7.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$306,820
Cap Rate 7%
$219,157
Cap Rate 9%
$170,456
Alternative Uses
Best Use
Specialty Retail
$219.2K
$191.8K – $255.7K
NOI $15,341 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.1K
$285.4K – $380.5K
NOI $22,828 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 99137, WA
391
Population
219
Households
1.8
Avg Household Size
61
Median Age
21%
College-Educated
96%
High-School Grad
90.4 sq mi
ZIP Area
4
Density / Sq Mi
$42,778
Median Household Income
$35,758
Median Earnings
$606
Median Rent
$278,100
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Original wood finishes, a commercial kitchen, and bar setup support continued hospitality or alternative commercial use.
Where is this conventional restaurant located?
The property is located at 4952 HIGHWAY 25 S Hunters, WA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,264‑square‑foot building on a 0.33‑acre parcel; Original hardwood floors and tongue‑and‑groove ceilings; Full commercial kitchen and bar setup
