Specialty Facility with Commercial
6701 N Idaho Rd Newman Lake, WA 99025
6701 N Idaho Rd, Newman Lake, WA, 99025
$2,200,000
For Sale
$2,200,000
COMMERCIAL - Newman Lake, WA
Property Size10,800 SF
Lot Size10.09 Acres
Price / SF$203.70
Days on Market50
Property Features for 6701 N Idaho Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Rural Tradition
- Security features
- Security System
- Interior features
- Storage, High Speed Internet, Handicap Restrooms
- Exterior features
- Handicap Access, Lawn, Sprinkler System
- Basement
- None
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 56254.9040
- Size
- 10,800 SF
- Lot size
- 10.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See attached
- Tax Annual Amount
- 1758
Utilities
- Sewer type
- Private Sewer, Septic Tank
- Heating system
- Electric (Heating), Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 2005
- Building materials
- Fiber Cement, Hardboard, Cement Block, Frame
- Roof type
- Composition
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency
TOK Inland Northwest LLC
(208) 378-4600
250 S 5th St 2nd Fl, Boise, WA
Listed by
Danny Davis · License #AB34364
(208) 691-6003
Added: Jun 1 Updated: Jul 14 at 2:31 pm Checked: Jul 20 at 1:06 pm
MLS# 26-5631
Copyright © 2026 Coeur d'Alene Multiple Listing Service. 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 well-maintained specialty facility was built in 2005 and offers a flexible interior layout. The building includes a built-in commercial kitchen and functional assembly space designed for large-group operations, with quality finishes throughout.
Located at 6701 N Idaho Rd in Newman Lake, WA, the property is positioned to serve more than 173,000 residents within a 10-mile radius, supporting strong regional accessibility and visibility. Ample parking is available on site. The property’s water is currently shared with a neighboring system, and the seller will deliver a well permit at closing. The buyer is responsible for drilling a new well within 1 year.
The facility encompasses approximately 10,800 square feet and is listed under Rural Tradition zoning.
Located at 6701 N Idaho Rd in Newman Lake, WA, the property is positioned to serve more than 173,000 residents within a 10-mile radius, supporting strong regional accessibility and visibility. Ample parking is available on site. The property’s water is currently shared with a neighboring system, and the seller will deliver a well permit at closing. The buyer is responsible for drilling a new well within 1 year.
The facility encompasses approximately 10,800 square feet and is listed under Rural Tradition zoning.
Key Highlights
- 2005‑built specialty facility with a flexible interior layout for assisted living, church, school, or community use
- Built‑in commercial kitchen plus functional assembly space designed for large‑group operations
- Ample on‑site parking and centrally positioned for service within a 10‑mile radius (more than 173,000 residents)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.7k | $20.16 |
| − Vacancy | −$17.4k | −$1.61 |
| EGI | $200.3k | $18.55 |
| − OpEx | −$90.1k | −$8.35 |
| NOI | $110.2k | $10.20 |
10,800 SF · lease $20.16/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.84M
NOI $110,170 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,690 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Love Factor - Liberty ...
Counselor
FAQs
What type of property is this?
Assisted living facility - Quality-built 2005 specialty facility with flexible interior layout, built-in commercial kitchen, and functional assembly space.
Where is this assisted living facility located?
The property is located at 6701 N Idaho Rd Newman Lake, WA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 2005‑built specialty facility with a flexible interior layout for assisted living, church, school, or community use; Built‑in commercial kitchen plus functional assembly space designed for large‑group operations; Ample on‑site parking and centrally positioned for service within a 10‑mile radius (more than 173,000 residents)
