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    Residential Income Duplex with Shops Title is generated by Realmo AI

    527 WILLIAMS LAKE Rd, Colville, WA 99114

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    For Sale
    $765,000

    MULTI_FAMILY - COLVILLE, WA

    Type:Single Family Residence
    Property size:
    2,240 SF
    Lot size:
    6.40 Acres
    Price / SF:
    $341/SF
    Added:
    Apr 3, 2026
    Days on Market:
    63
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 527 WILLIAMS LAKE Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Parking features
    Garage - Detached, Carport
    Standard status
    Active
    APN
    2292400
    Size
    2,240 SF
    Lot size
    6.40 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    TAX #3 TAX #3: THAT PART OF THE NE1/4 NE1/4 OF SECTION 19 TOWNSHIP36 N, RANGE 39 E W.M., STEVENS COUNTY WASHINGTON, LYIN

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    2003
    Number of units
    2
    Roof type
    Metal, Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Sherri Dotts Team

    Listing agent Sherri Dotts Team License #27452

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

    Listing date Apr 3, 2026

    MLS# 45562 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.

    HighLights

    • Two‑home property on just over 6 acres, about 5 miles from town
    • Built in 2003 with a ranch architectural style
    • Detached garage and carport with ample RV and boat parking, plus an RV/boat dump
    • Two spacious shops for projects, storage, or business use
    • Fenced garden area plus a classic root cellar and a gazebo with a fireplace
    • Heating: electric; cooling: window unit(s); roof includes composition and metal

    Overview

    This property includes two separate homes designed for flexible living arrangements, such as multi-generational use, a private guest setup, or rental income. In addition to the residences, there are two spacious shops that can support projects, storage, or business needs. Outdoor features include ample RV and boat parking, along with a convenient RV/boat dump. For self-sufficient living, the property offers a fenced garden area, a classic root cellar, and a gazebo with a fireplace for gatherings.

    The homes and shops sit on a property described as country-charming and just over 5 miles from town. The listing address is 527 WILLIAMS LAKE Rd, COLVILLE, WA 99114, in Stevens County.

    For buyers seeking residential income or owner-occupant flexibility, the combination of two homes with two shops can help accommodate both living and work storage in one place. The RV and boat parking, along with the outdoor utility features, may also appeal to operators or households that need practical space for recreational equipment. Overall, the layout supports a range of uses that blend on-site residences with dedicated shop space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Colville
    County
    Stevens
    State
    Washington
    Longitude
    -117.93863
    Latitude
    48.611239

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    FAQs

    What type of property is this?
    Duplex - Two homes plus two shops on a country property near Colville, with fenced garden, RV/boat parking, and utility extras.
    Where is this duplex located?
    The property is located at 527 WILLIAMS LAKE Rd Colville, WA.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: Two‑home property on just over 6 acres, about 5 miles from town; Built in 2003 with a ranch architectural style; Detached garage and carport with ample RV and boat parking, plus an RV/boat dump
    (509) 675-2728
    We can help!
    Listing Contact
    Sherri Dotts Team
    Real Estate License ID: 27452
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    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.

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