Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Building with Banquet Room Title is generated by Realmo AI

    1596 W 7th St, Newport, WA 99156

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,850,000

    Restaurant building with banquet room and chef's kitchen for sale.

    Type:Retail
    Property size:
    3,644 SF
    Price / SF:
    $507/SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 5 at 10:50 pm

    Property Features for 1596 W 7th St

    General Information

    Standard status
    Active
    Size
    3,644 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    John Powers
    John Powers

    Listing agent John Powers License #100306

    Listing office Black Commercial, Inc.

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Black Commercial, Inc.

    HighLights

    • Large 33,600 SF ± Lot with Newly Paved and Striped Parking Lot
    • 160 FT of Hwy 2 Frontage at the Entrance of Newport
    • 3,644 SF ± Restaurant Building with Banquet Room, Large Dining Room and Chef's Kitchen Plus 1,100 SF ± Basement
    • Redevelopment Potential for Drive Thru Restaurant, Medical Building/Office etc.
    • Well Maintained Property with Recent Upgrades
    • 30 Year Successful Business, 20 Years in the Same Location

    Overview

    The property features a 3,644 square foot restaurant building, which includes a banquet room, a large dining room, and a chef's kitchen, along with an approximately 1,100 square foot basement. Situated on a large 33,600 square foot lot, the property includes a newly paved and striped parking lot. It has 160 feet of frontage on Highway 2 at the entrance of Newport, heading north into town from Spokane. The property has been the site of a successful business for 30 years, with 20 years at the same location. It is located on 7th St, just off of U.S. Rte. 2. The property is well-maintained with recent upgrades. It could be redeveloped for a drive-thru restaurant, medical building, or office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golden China Restaurant Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Pend Oreille
    State
    Washington
    Longitude
    -117.063
    Latitude
    48.1758

    Nearby Similar for Sale

    • $625,000
      2,438 SF

      Newport Commercial Opportunity Near Diamond Lake

      Renovated mixed-use building with high visibility and redevelopment potential.
      802 Southshore Diamond Lake Rd, Newport, WA 99156
      View Details
    • $773,000

      Insulated Shop on Lush Acres

      12,000 sq ft insulated shop on 14 acres.
      583 Fertile Valley Rd, Newport, WA 99156
      View Details
    • $425,000
      4,104 SF

      Newport Retail and Office Opportunity

      Four-bay strip center in Newport's Central Business District.
      405 W Walnut St, Newport, WA 99156
      View Details
    • $1,975,000
      8,052 SF

      Newport WA Motor Inn ForSale

      24-unit motor inn with restaurant/bar and manager's quarters.
      924 W Highway 2 Hwy, Newport, WA 99156
      View Details
    • $492,000

      Established Auto Shop For Sale

      Auto shop with expansion potential in Newport, Washington.
      333209 Hwy 2, Newport, WA 99156
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant building with banquet room and chef's kitchen for sale.
    Where is this restaurant located?
    The property is located at 1596 W 7th St Newport, WA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Large 33,600 SF ± Lot with Newly Paved and Striped Parking Lot; 160 FT of Hwy 2 Frontage at the Entrance of Newport; 3,644 SF ± Restaurant Building with Banquet Room, Large Dining Room and Chef's Kitchen Plus 1,100 SF ± Basement
    (509) 622-3563
    We can help!
    Listing Contact
    John Powers
    John Powers
    Real Estate License ID: 100306
    Learn More
    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
    1596 W 7th St, Newport, WA 99156
    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!