Three-Level Mixed-Use
For Sale
$999,900
145 S MAIN St, Colville, WA 99114
Commercial, COLVILLE, WA
Property Size3,600 SF
Lot Size0.08 Acres
Price / SF$277.75
Days on Market324
Property Features for 145 S MAIN St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Parking features
On Street
Basement
Walk-Out Access, Partial
Directions
395 S head north - listing is on the right side of Main St
Subdivision
S1 - Colville
Standard status
Active
APN
0009800
Size
3,600 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COLVILLE ORIGINAL LOT 6 BLK 11 COLVILLE ORIGINAL
Legal Description
COLVILLE ORIGINAL LOT 6 BLK 11 COLVILLE ORIGINAL
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1925
Flooring type
Concrete, Wood, Carpet
Listing Agency:
KELLER WILLIAMS REALTY COLVILLE
(509) 684-1414
Listed By:
KEN L HOUSE · License #116629
(509) 675-4393
Added: Oct 14, 2025
Changed: Aug 19
Last Checked: Sep 2 at 7:06AM
MLS# 45241
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.
Investment Insights
Based on property information with market context.
This 3,600-square-foot mixed-use property combines leased commercial space on the lower level with an apartment above. The three-level building dates to 1925 and features 10-foot ceilings, exposed brick, concrete, wood and carpet flooring, natural gas forced-air heat, and central air conditioning. Public water serves the property.
The interior includes an open kitchen with a gas range, wall oven, granite island, knotty alder cabinetry, and built-in coffee service plumbing. Additional residential features include a family room, living room, primary suite with sitting area and fireplace, and finished bathroom spaces. Metal-clad wood windows provide views toward Main Street. The property is situated in Colville, Washington, with on-street parking and 0.08 acres of land.
The interior includes an open kitchen with a gas range, wall oven, granite island, knotty alder cabinetry, and built-in coffee service plumbing. Additional residential features include a family room, living room, primary suite with sitting area and fireplace, and finished bathroom spaces. Metal-clad wood windows provide views toward Main Street. The property is situated in Colville, Washington, with on-street parking and 0.08 acres of land.
Key Highlights
- 3,600 square feet on 0.08 acres
- Three‑level configuration with leased commercial space downstairs and an apartment upstairs
- 10‑ft ceilings and exposed brick interior features
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,998
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$859,960
$860.0K
Cap Rate 7%
$614,257
$614.3K
Cap Rate 9%
$477,756
$477.8K
Market Conditions
NOI Build-Up for 3,600 SF
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.
Gross rent
$75.6K $21.00/SF
− Vacancy
−$6.8K −$1.89/SF
EGI
$68.8K $19.11/SF
− OpEx
−$25.8K −$7.17/SF
NOI
$43.0K $11.94/SF
Area
Stevens County, WA
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$859,960
Cap Rate 7%
$614,257
Cap Rate 9%
$477,756
Alternative Uses
Best Use
Mixed Use
$614.3K
$537.5K – $716.6K
NOI $42,998 @ 7.0% cap · market cap 4.30%
Second Best
Retail
$533.6K
$466.9K – $622.6K
NOI $37,354 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$928.8K
$812.7K – $1.08M
NOI $65,016 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 35%
Home Improvements & Furnishings 8%
Apparel 5%
Safeway
Groceries
22,259 visits/mo
0.2 miles
Chevron
Shops & Services
10,767 visits/mo
0.3 miles
True Value
Home Improvements & Furnishings
5,019 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
4,246 visits/mo
0.2 miles
Les Schwab Tire Center
Shops & Services
4,080 visits/mo
0.3 miles
Demographics for 99114, WA
12,649
Population
6,154
Households
2.1
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
718.5 sq mi
ZIP Area
18
Density / Sq Mi
$61,891
Median Household Income
$45,164
Median Earnings
$916
Median Rent
$268,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space pairs with an upstairs apartment and on-street parking.
Where is this mixed-use property located?
The property is located at 145 S MAIN St Colville, WA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 3,600 square feet on 0.08 acres; Three‑level configuration with leased commercial space downstairs and an apartment upstairs; 10‑ft ceilings and exposed brick interior features
