37011 N Newport Hwy, Chattaroy, WA 99005

Listing Agency: Kiemle Hagood Show Phone

Listed By: Tim Kestell · License #84800 Show Phone

Source: Moodyscre

Added: Sep 10 Changed: Oct 26 Last Checked: Nov 8 at 3:47AM

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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 Kiemle Hagood

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 4,278-square-foot commercial property was previously operated as a bar and grill, providing an existing foundation for continued bar or food-service use. The asset is also associated with prior RV park and campground operations, expanding its documented operating history beyond the building itself.

Located at 37011 N Newport Hwy in Chattaroy, Washington, the property fronts Newport Highway in a roadside setting. Its combination of established bar-and-grill history, highway positioning, and former campground use creates a flexible commercial profile for an owner-operator or investor.

Key Highlights

• 4,278‑square‑foot bar and grill property
• Previously operated as a bar and grill
• Former RV park and campground operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,123

Cap Rate

8.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$882,460 $882.5K

Cap Rate 7%

$630,329 $630.3K

Cap Rate 9%

$490,256 $490.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,278 SF

Gross rent

$61.6K $14.40/SF

− Vacancy

−$2.8K −$0.65/SF

EGI

$58.8K $13.75/SF

− OpEx

−$14.7K −$3.44/SF

NOI

$44.1K $10.31/SF

Area

Spokane County, WA

Vacancy

4.50%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$882,460

Cap Rate 7%

$630,329

Cap Rate 9%

$490,256

Alternative Uses

Best Use

Specialty Retail

$630.3K

$551.5K – $735.4K (±1% cap)

NOI $44,123 @ 7.0% cap · market cap 8.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$988.5K

$865.0K – $1.15M (±1% cap)

NOI $69,197 @ 7.0% cap · market cap 13.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Tech Support Center Restaurant Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 99005, WA

10,253

Population

3,656

Households

2.8

Avg Household Size

42

Median Age

36%

College-Educated

97%

High-School Grad

39.6 sq mi

ZIP Area

259

Density / Sq Mi

$123,259

Median Household Income

$49,775

Median Earnings

$1,185

Median Rent

$488,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Bar & Pub - Roadside bar-and-grill property with prior RV park and campground operations.

Where is this bar & pub located?

The property is located at 37011 N Newport Hwy Chattaroy, WA.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 4,278‑square‑foot bar and grill property; Previously operated as a bar and grill; Former RV park and campground operations