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    Insulated Shop on Lush Acres Title is generated by Realmo AI

    583 Fertile Valley Rd, Newport, WA 99156

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    Claim this Listing
    For Sale
    $773,000

    LAND - Newport, WA

    Lot size:
    14.00 Acres
    Added:
    Mar 15, 2025
    Days on Market:
    424
    Last Refresh:
    May 12 at 2:06 pm

    Property Features for 583 Fertile Valley Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    2478
    Lot size
    14.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2079

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Joe Penny

    Listing agent Joe Penny License #88165

    Listing office Real Estate Marketplace NW,Inc 404 S Main St, Deer Park, WA

    Listing date Mar 15, 2025

    MLS# 202513302 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

    • Massive 12,000 sq ft insulated shop with high‑end lighting and natural light from extensive window siding.
    • 14‑acre property in a private setting with potential for business use (subject to permit).
    • Existing well (13 GPM) and septic system already installed.
    • High power electrical setup: 400 amps to the building with 100 amp subpanels at each corner, plus an additional 400 amps available at the road.
    • Roughed‑in plumbing for 4 bathrooms and new propane heaters already installed.
    • Fiber optic internet already connected to the building.

    Overview

    This property features a well-constructed 12,000 sq ft insulated shop, measuring 70'x175', situated on 14 acres in Newport, WA. The shop includes three insulated overhead doors and three service doors, all roofed and sided with heavy 22-gauge metal. Four-foot-tall window siding across the front and back provides ample natural light. An additional 18'x28' garage is present, with potential for a dream home. Pend Oreille zoning may allow a special use permit for business purposes. The property includes a never-used septic system and a 13 GPM well. The shop is almost 90% complete, needing drywall, concrete work, and finishing touches. It features 100 amp sub panels on each corner (400 amp service to the building), new LED high-end lighting, new ceiling fans, and roughed-in plumbing for four bathrooms. New overhead propane 150,000 BTU heaters are installed in each corner, along with new auto on/off exterior lighting. An additional 400 amps are available at the road, and fiber optics have been run to the building. The property is located in a private setting, 22 minutes north of an unspecified location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Newport
    County
    Pend Oreille
    State
    Washington
    Longitude
    -117.347681
    Latitude
    48.07557

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    FAQs

    What type of property is this?
    Warehouse - 12,000 sq ft insulated shop on 14 acres.
    Where is this warehouse located?
    The property is located at 583 Fertile Valley Rd Newport, WA.
    What is the asking price?
    The asking price for this property is $773,000.
    What are key features of this property?
    This property features: Massive 12,000 sq ft insulated shop with high‑end lighting and natural light from extensive window siding.; 14‑acre property in a private setting with potential for business use (subject to permit).; Existing well (13 GPM) and septic system already installed.
    (509) 276-5445
    We can help!
    Listing Contact
    Joe Penny
    Real Estate License ID: 88165
    Learn More
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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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