Office Building with Assembly
For Sale
$2,200,000
6701 N Idaho Rd, Newman Lake, WA 99025
Commercial Sale, Office Building, Newman Lake, WA
Property Size10,800 SF
Lot Size10.09 Acres
Price / SF$203.70
Days on Market141
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
Lot features
Open Lot, Landscaped, Level
View
Territorial
Directions
Traveling north on N Idaho Rd the property is on the left at 6701 N Idaho Rd.
Subdivision
Washington Counties
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
Legal Description
See attached
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Electric (Heating), Natural Gas, Forced Air
Cooling system
Central Air
Water source
Well
Amenities
commercial kitchen
assembly space
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
Listed By:
Danny Davis · License #AB34364
(208) 691-6003
Added: Jun 1
Changed: Oct 8
Last Checked: Oct 19 at 10:06AM
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.
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Investment Insights
Based on property information with market context.
The 10,800-square-foot office building sits on 10.09 acres and was constructed in 2005. Its adaptable interior includes assembly space, a commercial kitchen, storage, high-speed internet, and handicap restrooms. Central air, forced-air heating, natural gas, electric heating, a composition roof, and a combination of fiber cement, hardboard, cement block, and frame construction are in place. The layout is suited to the assisted living, church, school, and community uses identified for the property.
Located at 6701 N Idaho Rd in Newman Lake, the property has lawn areas, a sprinkler system, accessible approach with ramp, handicap access, and ample parking. Water is currently shared with a neighboring system; the seller will deliver a well permit at closing, and the buyer is required to drill a new well within 1 year. Private sewer and a septic tank serve the property.
Located at 6701 N Idaho Rd in Newman Lake, the property has lawn areas, a sprinkler system, accessible approach with ramp, handicap access, and ample parking. Water is currently shared with a neighboring system; the seller will deliver a well permit at closing, and the buyer is required to drill a new well within 1 year. Private sewer and a septic tank serve the property.
Key Highlights
- 10,800 square feet on 10.09 acres
- 2005 construction with adaptable interior configuration
- Commercial kitchen and assembly space for large‑group operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,473
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,549,460
$2.5M
Cap Rate 7%
$1,821,043
$1.8M
Cap Rate 9%
$1,416,367
$1.4M
Market Conditions
NOI Build-Up for 10,800 SF
Gross rent
$216.4K $20.04/SF
− Vacancy
−$46.5K −$4.30/SF
EGI
$170.0K $15.74/SF
− OpEx
−$42.5K −$3.93/SF
NOI
$127.5K $11.80/SF
Area
Spokane County, WA
Vacancy
21.47%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,549,460
Cap Rate 7%
$1,821,043
Cap Rate 9%
$1,416,367
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,473 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$1.57M
$1.38M – $1.84M
NOI $110,170 @ 7.0% cap · market cap 5.01%
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 99025, WA
5,272
Population
2,328
Households
2.3
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
45.8 sq mi
ZIP Area
115
Density / Sq Mi
$117,283
Median Household Income
$49,846
Median Earnings
$1,362
Median Rent
$458,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Flexible interior supports assisted living, church, school, or community-oriented operations.
Where is this office building 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: 10,800 square feet on 10.09 acres; 2005 construction with adaptable interior configuration; Commercial kitchen and assembly space for large‑group operations
