Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Specialty Community Facility Title is generated by Realmo AI

    6701 N Idaho Rd, Newman Lake, WA 99025

    View on Map
    Claim this Listing
    New
    For Sale
    $2,200,000

    COMMERCIAL - Newman Lake, WA

    Property size:
    10,800 SF
    Lot size:
    10.09 Acres
    Price / SF:
    $203/SF
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 3:06 am

    Property Features for 6701 N Idaho Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Rural Tradition
    Security features
    Security System
    Interior features
    Storage, High Speed Internet, Handicap Restrooms
    Exterior features
    Handicap Access, Lawn, Sprinkler System
    Basement
    None
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    56254.9040
    Size
    10,800 SF
    Lot size
    10.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    See attached
    Tax Annual Amount
    1758

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Natural Gas, Forced Air, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2005
    Building materials
    Fiber Cement, Hardboard, Cement Block, Frame
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Danny Davis
    Danny Davis

    Listing agent Danny Davis License #AB34364

    Listing office TOK Inland Northwest LLC 250 S 5th St 2nd Fl, Boise, WA

    Listing date Jun 1, 2026

    MLS# 26-5631

    Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2005‑built specialty facility with flexible interior layout for assisted living, church, school, or community use
    • Built‑in commercial kitchen plus functional assembly space designed for large‑group operations
    • Central air conditioning with forced‑air, natural gas and electric (heating) systems
    • Accessibility includes handicap restrooms, accessible approach with ramp, and handicap access
    • Exterior features include lawn and sprinkler system; composition roof
    • Water: well and shared water with a neighboring system; seller to deliver a well permit at closing and buyer to drill a new well within 1 year

    Overview

    This well-maintained specialty facility was built in 2005 and offers a flexible interior layout suited to multiple institutional and community-oriented uses. The property includes a built-in commercial kitchen and functional assembly space designed to accommodate large-group operations, along with quality finishes and adaptable configuration throughout.

    The facility is located at 6701 N Idaho Rd in Newman Lake, Washington, on a 10.09-acre site with ample parking. The listing notes the water is currently shared with a neighboring system. At closing, the seller will deliver a well permit, and the buyer is required to drill a new well within 1 year.

    With its specialty buildout and capacity for group gatherings, the property may fit buyers seeking an assisted living, church, school, or similar community facility with room to operate on-site. The combination of a purpose-built commercial kitchen, assembly space, and flexible layout supports a range of programming, while the on-site parking helps serve residents, students, congregants, and event attendees. The property is listed as 10,800 square feet under the current configuration.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $217.7k $20.16
    − Vacancy −$17.4k −$1.61
    EGI $200.3k $18.55
    − OpEx −$90.1k −$8.35
    NOI $110.2k $10.20
    10,800 SF · lease $20.16/SF/yr · vacancy 8.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.57M
    $1.38M – $1.84M (±1% cap)
    NOI $110,170 @ 7.0% cap · market cap 5.01%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.50M
    $2.18M – $2.91M (±1% cap)
    NOI $174,690 @ 7.0% cap · market cap 7.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Love Factor - Liberty ... Counselor

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Kitchen & Bath Showroom Department Store Accounting Firm Grocery & Convenience Store Furniture & Home Goods Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newman Lake
    County
    Spokane
    State
    Washington
    Longitude
    -117.048286
    Latitude
    47.719643

    FAQs

    What type of property is this?
    Assisted living facility - 2005-built specialty facility with built-in commercial kitchen and assembly space for community and institutional uses.
    Where is this assisted living facility located?
    The property is located at 6701 N Idaho Rd Newman Lake, WA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 2005‑built specialty facility with flexible interior layout for assisted living, church, school, or community use; Built‑in commercial kitchen plus functional assembly space designed for large‑group operations; Central air conditioning with forced‑air, natural gas and electric (heating) systems
    (208) 691-6003
    We can help!
    Listing Contact
    Danny Davis
    Danny Davis
    Real Estate License ID: AB34364
    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
    6701 N Idaho Rd, Newman Lake, WA 99025
    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!