Colville Medical Facility
198 Ponderosa Road, Colville, WA 99114
Leased medical facility with corporate guarantee and minimal landlord responsibility.
Type:Retail
Property size:
6,043 SFPrice / SF:
$269/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Apr 5 at 10:47 pm
Property Features for 198 Ponderosa Road
General Information
- Standard status
- Active
- Size
- 6,043 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2002
Listing agent Andrew Black License ##125783 (509) 623-1000
Listing office Black Commercial, Inc. (509) 623-1000
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
- Corporate‑guaranteed lease with DaVita Healthcare Partners, Inc. provides secure cash flow.
- Absolute NNN lease structure minimizes landlord responsibilities.
- Property was completely redeveloped in 2015.
- Recent rental increase ensures strong cash flow.
- Strategic location near medical and senior housing enhances tenant stability.
- Located on Highway 395, a primary north‑south corridor, providing excellent frontage.
Overview
This stand-alone medical facility, totaling 6,043 square feet on 1.28 acres, is currently leased to Davita Dialysis and subleased to Monumental Chiropractic. Originally constructed in 2002 and fully redeveloped in 2015, the property benefits from frontage on Highway 395, a primary north-south corridor connecting Colville to Spokane. The corporate-guaranteed lease has over 5 years remaining, delivering cash flow with scheduled rent increases and minimal landlord obligations under an absolute NNN lease structure where the tenant is responsible for taxes, insurance, utilities, and nearly all repairs and capital expenditures. The lease commenced on June 15, 2025, and expires on June 14, 2030, with 4.75 years remaining. The tenant, DaVita Healthcare Partners, Inc., has two 5-year renewal options. The property's location near medical and senior housing enhances tenant stability and investment security. Colville, Washington, located 73 miles north of Spokane in Stevens County, offers a business-friendly environment with connectivity via Highway 395 and Colville Municipal Airport. The property is suited for long-term medical investment.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$961.4K
NOI $86,530 @ 9.00% cap · cautious / downside scenario
Moderate
$1.24M
NOI $86,530 @ 7.00% cap · market / base-case scenario
Aggressive
$1.73M
NOI $86,530 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.2k | $22.20 |
| − Vacancy | −$18.8k | −$3.11 |
| EGI | $115.4k | $19.09 |
| − OpEx | −$28.8k | −$4.77 |
| NOI | $86.5k | $14.32 |
6,043 SF · lease $22.20/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,530 @ 7.0% cap · market cap 5.31%
Second Best
Healthcare Medical
$1.12M
$975.7K – $1.30M
NOI $78,056 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,137 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
DaVita Echo Valley ...
Medical Clinic
Monumental Health and Wellness
Alternative Medicine Practice
Location Insight
- Map
- Local Demand
- City
- Colville
- County
- Stevens
- State
- Washington
- Longitude
- -117.923
- Latitude
- 48.5583
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Leased medical facility with corporate guarantee and minimal landlord responsibility.
Where is this medical office space located?
The property is located at 198 Ponderosa Road Colville, WA.
What is the asking price?
The asking price for this property is $1,630,000.
What are key features of this property?
This property features: Corporate‑guaranteed lease with DaVita Healthcare Partners, Inc. provides secure cash flow.; Absolute NNN lease structure minimizes landlord responsibilities.; Property was completely redeveloped in 2015.
