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    198 Ponderosa Rd Colville, WA 99114

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    For Sale
    $1,630,000

    Leased medical facility with corporate guarantee and minimal landlord responsibility.

    Property size:
    6,043 SF

    Property Features for 198 Ponderosa Rd

    General Information

    Size
    6,043 SF

    Building Details

    Year built
    2002

    Source: Andrew Black Agent Andrew Black

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Colville Medical Facility Investment

    This stand-alone medical facility, totaling 6,043 square feet on 1.28 acres, is currently leased to Davita Dialysis and subleased to Monumental Chiropractic. Originally constructed in 2002 and fully redeveloped in 2015, the property benefits from frontage on Highway 395, a primary north-south corridor connecting Colville to Spokane. The corporate-guaranteed lease has over 5 years remaining, delivering cash flow with scheduled rent increases and minimal landlord obligations under an absolute NNN lease structure where the tenant is responsible for taxes, insurance, utilities, and nearly all repairs and capital expenditures. The lease commenced on June 15, 2025, and expires on June 14, 2030, with 4.75 years remaining. The tenant, DaVita Healthcare Partners, Inc., has two 5-year renewal options. The property's location near medical and senior housing enhances tenant stability and investment security. Colville, Washington, located 73 miles north of Spokane in Stevens County, offers a business-friendly environment with connectivity via Highway 395 and Colville Municipal Airport. The property is suited for long-term medical investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DaVita Echo Valley ... Dialysis Center Monumental Health and Wellness Chiropractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hotel & Motel Pharmacy Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Colville
    County
    Stevens
    State
    Washington
    Longitude
    -117.923218
    Latitude
    48.558325

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    FAQs

    What type of property is this?
    Medical office - Leased medical facility with corporate guarantee and minimal landlord responsibility.
    Where is this medical office located?
    The property is located at 198 Ponderosa Rd Colville, WA.
    What is the asking price?
    The asking price for this property is $1,630,000.
    What are key features of this property?
    This property features: - Corporate-guaranteed lease with DaVita Healthcare Partners, Inc. provides secure cash flow.; - Absolute NNN lease structure minimizes landlord responsibilities.; - Property was completely redeveloped in 2015.
    (509) 623-1000
    Request Owner's contact information
    198 Ponderosa Rd Colville, WA 99114
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    Colville, WA 99114
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    Realmo Value Estimation

    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.

    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.

    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
    198 Ponderosa Rd Colville, WA 99114
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