Shop with Apartment Near
For Sale
$235,000
17972 Entiat River Rd, Entiat, WA 98822
Shop with apartment, built in 1999, near Entiat River.
Property Size1,200 SF
Lot Size0.51 Acres
Price / SF$195.83
Days on Market195
Property Features for 17972 Entiat River Rd
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.51 Acres
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$1,105
Listing Agency:
Nick McLean Real Estate Group
(509) 670-5532
Listed By:
Rica L. Insley · License #50066
(509) 670-5532
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Jul 16 at 4:50PM
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 Nick McLean Real Estate Group
Investment Insights
Based on property information with market context.
This property features a 1,200 square foot shop with an apartment, constructed in 1999. It is suitable for living, accommodating guests, or recreational use. The shop includes 12V power, an oversized door suitable for RV or boat storage, and space for two-car parking. Interior amenities include a full bathroom, laundry hookups, and RV hookups. The property also features two water spigots, a storage shed, shady trees, and a backyard fire pit. Unique rock formations enhance the natural surroundings. It offers deeded, year-round access to the Entiat River.
Key Highlights
- Deeded, year‑round access to the Entiat River.
- Versatile shop with a cozy apartment suitable for living, guests, or recreation.
- Oversized door ideal for RV or boat storage.
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
$12,259
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
5.22%
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%
$245,180
$245.2K
Cap Rate 7%
$175,129
$175.1K
Cap Rate 9%
$136,211
$136.2K
Market Conditions
NOI Build-Up for 1,200 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
$15.4K $12.84/SF
− Vacancy
−$986 −$0.82/SF
EGI
$14.4K $12.02/SF
− OpEx
−$2.2K −$1.80/SF
NOI
$12.3K $10.22/SF
Area
Chelan County, WA
Vacancy
6.40%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
15.00%
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%
$245,180
Cap Rate 7%
$175,129
Cap Rate 9%
$136,211
Alternative Uses
Best Use
Warehouse
$175.1K
$153.2K – $204.3K
NOI $12,259 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$144.2K
$126.2K – $168.3K
NOI $10,095 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$314.7K
$275.4K – $367.2K
NOI $22,032 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 98822, WA
2,253
Population
964
Households
2.3
Avg Household Size
46
Median Age
22%
College-Educated
93%
High-School Grad
437.0 sq mi
ZIP Area
5
Density / Sq Mi
$80,769
Median Household Income
$42,500
Median Earnings
$1,234
Median Rent
$348,300
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?
Residential land & home lot - Shop with apartment, built in 1999, near Entiat River.
Where is this residential land & home lot located?
The property is located at 17972 Entiat River Rd Entiat, WA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Deeded, year‑round access to the Entiat River.; Versatile shop with a cozy apartment suitable for living, guests, or recreation.; Oversized door ideal for RV or boat storage.
