Auto Parts
For Sale
$599,000
206 Meridian St, Chewelah, WA 99109
Operating auto parts retail property near Highway 395 in Chewelah, Washington.
Property Size4,000 SF
Price / SF$149.75
Days on Market75
Property Features for 206 Meridian St
General Information
Standard status
Active
Size
4,000 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1972
Listing Agency:
Windermere Countryside - Chewelah
Listed By:
Evan Schalock · License #22005870
(509) 954-3887
Source:
Clemensregroup
Added: Aug 1
Changed: Oct 4
Last Checked: Oct 7 at 5:22PM
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 Windermere Countryside - Chewelah
Investment Insights
Based on property information with market context.
This commercial property is occupied by an auto parts store offering an established retail operation in Chewelah. The building contains 4,000 square feet and was constructed in 1972.
The property is located at 206 Meridian, just off Highway 395, providing a documented highway-adjacent position for the existing automotive retail use. The sale includes the operating auto parts business and its established presence in the local market.
The property is located at 206 Meridian, just off Highway 395, providing a documented highway-adjacent position for the existing automotive retail use. The sale includes the operating auto parts business and its established presence in the local market.
Key Highlights
- 4,000‑square‑foot commercial building
- Existing auto parts retail operation
- Constructed in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,504
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,080
$830.1K
Cap Rate 7%
$592,914
$592.9K
Cap Rate 9%
$461,156
$461.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$64.8K $16.20/SF
− Vacancy
−$5.5K −$1.38/SF
EGI
$59.3K $14.82/SF
− OpEx
−$17.8K −$4.45/SF
NOI
$41.5K $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 Rate 5%
$830,080
Cap Rate 7%
$592,914
Cap Rate 9%
$461,156
Alternative Uses
Best Use
Retail
$592.9K
$518.8K – $691.7K
NOI $41,504 @ 7.0% cap · market cap 6.93%
Second Best
Industrial
$332.5K
$290.9K – $387.9K
NOI $23,273 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.03M
$903.0K – $1.20M
NOI $72,240 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Automotive property - Operating auto parts retail property near Highway 395 in Chewelah, Washington.
Where is this automotive property located?
The property is located at 206 Meridian St Chewelah, WA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,000‑square‑foot commercial building; Existing auto parts retail operation; Constructed in 1972
