Building Details

Buildings 1

Stories 2

Construction brick

Listing Agency: RE/MAX Select Associates, Inc.

Listed By: Sawyer Bardwell · License #23029623 Show Phone

Source: Clemensregroup

Added: Jul 17 Changed: Oct 7 Last Checked: Oct 7 at 4:49PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Select Associates, Inc.

Investment Insights

Based on property information with market context.

This renovated mixed-use property contains two office suites on the main level, each measuring 600 sq ft, along with a 1,200 sq ft furnished apartment on the upper floor. The building totals 2,400 sq ft and combines commercial workspace with residential accommodation.

Recent improvements include new electrical panels, an insulated roof, and Mitsubishi mini-split systems serving every unit. The historic brick façade has been cleaned, repointed, and painted, preserving its established character while updating the building’s physical systems. The property is located in downtown Chewelah at 108 E Main Ave.

Key Highlights

• 2,400 sq ft mixed‑use building with office and residential components
• Two updated 600 sq ft office spaces on the main level
• 1,200 sq ft furnished apartment on the upper floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,366

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$687,320 $687.3K

Cap Rate 7%

$490,943 $490.9K

Cap Rate 9%

$381,844 $381.8K

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$53.3K $22.20/SF

− Vacancy

−$7.5K −$3.11/SF

EGI

$45.8K $19.09/SF

− OpEx

−$11.5K −$4.77/SF

NOI

$34.4K $14.32/SF

Area

Stevens County, WA

Vacancy

14.00%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$687,320

Cap Rate 7%

$490,943

Cap Rate 9%

$381,844

Alternative Uses

Best Use

Office B

$490.9K

$429.6K – $572.8K (±1% cap)

NOI $34,366 @ 7.0% cap · market cap 4.91%

Second Best

Mixed Use

$409.5K

$358.3K – $477.8K (±1% cap)

NOI $28,665 @ 7.0% cap · market cap 4.10%

Theoretical Best

Office A

$619.2K

$541.8K – $722.4K (±1% cap)

NOI $43,344 @ 7.0% cap · market cap 6.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

3'S Co Hair ... Hair Salon Mi Casita Restaurant Chewelah Painting Painting Service

Suggested Use

Top Pick Building Supply Parking Lot & Garage Real Estate Agency Law Firm Big Box & Wholesale Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

1

Residential units

Location Intelligence

Trade Area within ½ mile

381

Businesses Nearby

Explore this area Business Placement

Demographics for 99109, WA

5,016

Population

2,610

Households

1.9

Avg Household Size

51

Median Age

22%

College-Educated

93%

High-School Grad

311.6 sq mi

ZIP Area

16

Density / Sq Mi

$61,354

Median Household Income

$38,715

Median Earnings

$890

Median Rent

$274,900

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Main-level offices accompany a furnished upstairs apartment in a fully renovated building.

Where is this mixed-use property located?

The property is located at 108 E Main Ave Chewelah, WA.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: 2,400 sq ft mixed‑use building with office and residential components; Two updated 600 sq ft office spaces on the main level; 1,200 sq ft furnished apartment on the upper floor