Building Details

Year Built 2005

Buildings 2

Listing Agency: Keller Williams Colville

Listed By: Darren Crossman · License #75777 Show Phone

Source: Clearwaterproperties

Added: Aug 26 Changed: Oct 13 Last Checked: Oct 12 at 6:55PM

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Investment Insights

Based on property information with market context.

This flex property occupies 1.6 acres within Chewelah’s Industrial Park and includes a 7,800-square-foot primary building configured with front office space and oversized overhead doors. A detached 864-square-foot building provides additional enclosed area for storage or workspace. The property was built in 2005 and includes paved off-street parking for employees and visitors.

City water, sewer, and natural gas serve the site. Its industrial park setting and overhead-door configuration support a range of commercial and operational uses, while the separate building expands the available functional area.

Key Highlights

• 1.6‑acre site in Chewelah’s Industrial Park
• 7,800 sq. ft. primary building with front office space
• Oversized overhead doors support equipment and material movement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,857

Cap Rate

8.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,137,140 $1.1M

Cap Rate 7%

$812,243 $812.2K

Cap Rate 9%

$631,744 $631.7K

Market Conditions

NOI Build-Up for 8,704 SF

Gross rent

$74.2K $8.52/SF

− Vacancy

−$7.3K −$0.83/SF

EGI

$66.9K $7.69/SF

− OpEx

−$10.0K −$1.15/SF

NOI

$56.9K $6.53/SF

Area

Stevens County, WA

Vacancy

9.80%

Lease Rate

$8.52 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,137,140

Cap Rate 7%

$812,243

Cap Rate 9%

$631,744

Alternative Uses

Best Use

Warehouse

$812.2K

$710.7K – $947.6K (±1% cap)

NOI $56,857 @ 7.0% cap · market cap 8.24%

Second Best

Industrial

$723.4K

$633.0K – $844.0K (±1% cap)

NOI $50,641 @ 7.0% cap · market cap 7.34%

Theoretical Best

Office A

$2.25M

$1.96M – $2.62M (±1% cap)

NOI $157,194 @ 7.0% cap · market cap 22.78%

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

Classics Customs and Modular General Contractor

Suggested Use

Top Pick Building Supply Parking Lot & Garage Real Estate Agency Big Box & Wholesale Store Law Firm Garden 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

Utilities to site

Location Intelligence

Trade Area within ½ mile

336

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

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial park property with office space, oversized overhead doors, paved parking, and a separate building for additional workspace or storage.

Where is this flex space located?

The property is located at 634 7th Chewelah, WA.

What is the asking price?

The asking price for this property is $690,000.

What are key features of this property?

This property features: 1.6‑acre site in Chewelah’s Industrial Park; 7,800 sq. ft. primary building with front office space; Oversized overhead doors support equipment and material movement