Industrial Flex Property with
New
For Sale
$690,000
634 7th, Chewelah, WA 99109
Industrial park property with office space, oversized overhead doors, paved parking, and a separate building for additional workspace or storage.
Property Size8,704 SF
Lot Size1.60 Acres
Price / SF$79.27
Days on Market4
Property Features for 634 7th
General Information
Standard status
Active
Size
8,704 SF
Lot size
1.60 Acres
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Amenities
Garage Spaces: 2
2
Building Details
Year Built
2005
Buildings
2
Listing Agency:
Keller Williams Colville
(509) 675-0148
Listed By:
Darren Crossman · License #75777
Source:
Clearwaterproperties
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 6:43AM
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 Keller Williams Colville
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.
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 = 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
$56,857
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
8.24%
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%
$1,137,140
$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
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
$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 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%
$1,137,140
Cap Rate 7%
$812,243
Cap Rate 9%
$631,744
Alternative Uses
Best Use
Warehouse
$812.2K
$710.7K – $947.6K
NOI $56,857 @ 7.0% cap · market cap 8.24%
Second Best
Industrial
$723.4K
$633.0K – $844.0K
NOI $50,641 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$2.25M
$1.96M – $2.62M
NOI $157,194 @ 7.0% cap · market cap 22.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
