Marine & Powersports Dealership
For Sale
Contact for pricing
192 Degrief Road, Colville, WA 99114
For sale with turnkey dealership facilities, service and parts operations, and outdoor storage/display on commercially zoned land.
Property Size8,940 SF
Lot Size2.50 Acres
Price / SF$290.83
Days on Market53
Property Features for 192 Degrief Road
General Information
Standard status
Active
Size
8,940 SF
Lot size
2.50 Acres
Property subtype
Retail, Business for Sale
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Year Built
1994
Tenancy
Single
Listing Agency:
KR Business Brokers
Listed By:
Shelley Michael · License #84342
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 11 at 4:03PM
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 KR Business Brokers
Investment Insights
Based on property information with market context.
This for-sale package includes the real estate and the established Clark’s Marine & Powersports dealership operations. The facility is set up for a full-service marine and powersports business, with a well-equipped showroom, a dedicated marine service department, a powersports repair shop, and a parts department. Additional improvements include indoor service support areas and storage facilities, along with extensive outdoor display and staging space designed for equipment and recreational vehicles.
The property sits on approximately 2.5 acres of commercially zoned land in Colville, Washington (192 Degrief Road). It is presented as a destination operation serving customers across the Eastern Washington region, with the business described as the only full-service marine dealership serving three counties. The offering notes the dealership is an official Hewescraft dealership.
The dealership and real estate must be purchased together, and inventory is not included in the sale. Revenue sources cited in the materials include new and used equipment sales, parts and accessories, service and repair, marine electronics installation, winterization, storage, and maintenance programs. With the existing showroom, service infrastructure, parts operation, and outdoor staging area already in place, the site is best suited for an operator seeking an operationally complete marine and powersports platform.
The property sits on approximately 2.5 acres of commercially zoned land in Colville, Washington (192 Degrief Road). It is presented as a destination operation serving customers across the Eastern Washington region, with the business described as the only full-service marine dealership serving three counties. The offering notes the dealership is an official Hewescraft dealership.
The dealership and real estate must be purchased together, and inventory is not included in the sale. Revenue sources cited in the materials include new and used equipment sales, parts and accessories, service and repair, marine electronics installation, winterization, storage, and maintenance programs. With the existing showroom, service infrastructure, parts operation, and outdoor staging area already in place, the site is best suited for an operator seeking an operationally complete marine and powersports platform.
Key Highlights
- Clark's Marine & Powersports dealership plus real estate for sale together (inventory not included)
- Approximately 2.5 acres of commercially zoned property with showroom, marine service department, and powersports repair shop
- Official Hewescraft dealership and the only full‑service marine dealership serving three counties
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
$92,762
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
3.57%
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%
$1,855,240
$1.9M
Cap Rate 7%
$1,325,171
$1.3M
Cap Rate 9%
$1,030,689
$1.0M
Market Conditions
NOI Build-Up for 8,940 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
$144.8K $16.20/SF
− Vacancy
−$12.3K −$1.38/SF
EGI
$132.5K $14.82/SF
− OpEx
−$39.8K −$4.45/SF
NOI
$92.8K $10.38/SF
Area
Stevens County, WA
Vacancy
8.50%
Lease Rate
$16.20 /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%
$1,855,240
Cap Rate 7%
$1,325,171
Cap Rate 9%
$1,030,689
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,762 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$743.1K
$650.2K – $866.9K
NOI $52,014 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,456 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
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?
Retail space - For sale with turnkey dealership facilities, service and parts operations, and outdoor storage/display on commercially zoned land.
Where is this retail space located?
The property is located at 192 Degrief Road Colville, WA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Clark's Marine & Powersports dealership plus real estate for sale together (inventory not included); Approximately 2.5 acres of commercially zoned property with showroom, marine service department, and powersports repair shop; Official Hewescraft dealership and the only full‑service marine dealership serving three counties
