Mining Land With Active
For Sale
$685,000
1475 US-395, Chewelah, WA 99109
Commercial, CHEWELAH, WA
Property Size4,040 SF
Lot Size21.23 Acres
Price / SF$169.55
Days on Market218
Property Features for 1475 US-395
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Industrial-Light, Forestry, Commercial
Parking features
Off Street
Exterior features
Road Frontage
Directions
From Colville, south on 395 to 1/2 mile south of Addy, property on the left.
Subdivision
S9 - Middle County Southeast
Standard status
Active
APN
2156901, 2156902
Size
4,040 SF
Lot size
21.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
That part of the SW4 of NE4 lying E of Hwy 395 & that part of the N2 of NW4 of NW4 lying E of Hwy 395 in S24, T33, R39
Legal Description
That part of the SW4 of NE4 lying E of Hwy 395 & that part of the N2 of NW4 of NW4 lying E of Hwy 395 in S24, T33, R39
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Electric, Ductless
Water source
Private, Well
Building Details
Year built
1978
Flooring type
Concrete, Carpet
Listing Agency:
KELLER WILLIAMS REALTY COLVILLE
(509) 684-1414
Listed By:
DAVE SITLER · License #13662
(509) 675-3283
Added: Jan 28
Changed: Aug 19
Last Checked: Sep 3 at 6:06AM
MLS# 45500
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 21.23-acre mining property includes a 4,040-square-foot commercial building constructed in 1978. Improvements include an apartment, office and shop areas, plus a larger shop with loft space. Concrete and carpet flooring, baseboard and electric heating, ductless and electric cooling, off-street parking, and three-phase power are in place. Water is supplied by a private well, with a holding tank and septic system serving the property.
The site has nearly 2,000 feet of frontage along US-395 near Addy, Washington, with access from the highway. A rock quarry remains on the property, along with gravel and rock reserves identified for landscaping material, base rock, and driveway gravel. The eastern boundary adjoins BLM and National Forest Service land. The property is located in Chewelah, WA 99109.
The site has nearly 2,000 feet of frontage along US-395 near Addy, Washington, with access from the highway. A rock quarry remains on the property, along with gravel and rock reserves identified for landscaping material, base rock, and driveway gravel. The eastern boundary adjoins BLM and National Forest Service land. The property is located in Chewelah, WA 99109.
Key Highlights
- 21.23 acres with nearly 2,000 feet of frontage on US‑395
- 4,040‑square‑foot commercial building constructed in 1978
- Existing rock quarry with gravel and rock reserves
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
$23,505
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
3.43%
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%
$470,100
$470.1K
Cap Rate 7%
$335,786
$335.8K
Cap Rate 9%
$261,167
$261.2K
Market Conditions
NOI Build-Up for 4,040 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
$35.9K $8.88/SF
− Vacancy
−$2.3K −$0.57/SF
EGI
$33.6K $8.31/SF
− OpEx
−$10.1K −$2.49/SF
NOI
$23.5K $5.82/SF
Area
Stevens County, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
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%
$470,100
Cap Rate 7%
$335,786
Cap Rate 9%
$261,167
Alternative Uses
Best Use
Industrial
$335.8K
$293.8K – $391.8K
NOI $23,505 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M
NOI $72,962 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mining land & claim - Commercial improvements, highway access, private well, and quarry reserves support multiple property uses.
Where is this mining land & claim located?
The property is located at 1475 US-395 Chewelah, WA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 21.23 acres with nearly 2,000 feet of frontage on US‑395; 4,040‑square‑foot commercial building constructed in 1978; Existing rock quarry with gravel and rock reserves
