Industrial Flex
For Sale
$690,000
634 N 7TH St E, Chewelah, WA 99109
Commercial, CHEWELAH, WA
Property Size8,704 SF
Lot Size1.60 Acres
Price / SF$79.27
Days on Market381
Property Features for 634 N 7TH St E
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Off Street
Exterior features
Road Frontage, Storage
Directions
From Hwy 395, Go East on Lincoln, Left on 7th to building on the right.
Subdivision
S3 - Chewelah
Standard status
Active
APN
0284795
Size
8,704 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See Exhibit A
Tax Annual Amount
3110
Legal Description
See Exhibit A
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
2005
Flooring type
Concrete
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY COLVILLE
(509) 684-1414
Listed By:
DARREN CROSSMAN · License #75777
(509) 675-0148
Added: Aug 19, 2025
Changed: Aug 24
Last Checked: Sep 3 at 1:06PM
MLS# 45059
Copyright © 2026 Northeast Washington Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2005 industrial flex property occupies 1.6 acres and includes 8,704 square feet across two buildings. The primary 7,800-square-foot structure features a front office, concrete flooring, forced-air heating, and oversized overhead doors. A detached 864-square-foot building provides additional workspace or storage.
The property is located at 634 N 7TH St E in Chewelah’s Industrial Park, with road frontage and paved off-street parking. Public water service, city sewer, and natural gas are available to the site, supporting a range of commercial operations.
The property is located at 634 N 7TH St E in Chewelah’s Industrial Park, with road frontage and paved off-street parking. Public water service, city sewer, and natural gas are available to the site, supporting a range of commercial operations.
Key Highlights
- 1.6‑acre industrial property in Chewelah’s Industrial Park
- 7,800 sq. ft. primary building with front office and oversized overhead doors
- Detached 864 sq. ft. building for additional workspace or storage
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Located in Chewelah’s Industrial Park with public water, sewer, natural gas, and paved off-street parking.
Where is this flex space located?
The property is located at 634 N 7TH St E 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 industrial property in Chewelah’s Industrial Park; 7,800 sq. ft. primary building with front office and oversized overhead doors; Detached 864 sq. ft. building for additional workspace or storage
