Multi-Purpose Healthcare and Community
6701 N Idaho Rd Newman Lake, WA 99025
For Sale
Contact for pricing
Multi-purpose 10,800 SF facility with a commercial kitchen and ample parking, suited for assisted living or community uses.
Property Size10,800 SF
Lot Size10.09 Acres
Price / SF$203.70
Days on Market61
Property Features for 6701 N Idaho Rd
General Information
Standard status
Active
Size
10,800 SF
Lot size
10.09 Acres
Property subtype
Mixed Use, Special Purpose
Building Details
Year Built
2005
Listing Agency:
TOK Commercial
Listed By:
Danny Davis · License #ID
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 27 at 10:36AM
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 TOK Commercial
Investment Insights
Based on property information with market context.
This 10,800 SF high-quality multi-purpose facility is set on 10.09 acres and offers flexible interior space for a range of community and healthcare-oriented uses. The building includes a commercial kitchen and is designed to support operations that require both functional gathering areas and food service capability. Ample on-site parking supports day-to-day accessibility for staff, residents, students, and guests.
The property is positioned between Spokane and Coeur d’Alene, providing convenient regional access. It is also described as being near major retail and residential growth, which may support sustained patronage depending on the specific program or tenant strategy.
For buyers or operators, the layout and included commercial kitchen make it workable for assisted living while also fitting other community-driven concepts such as a church, school, or similar community use. The combination of flexible interior space and on-site parking can simplify operations for scheduled events, daily services, and recurring traffic patterns associated with education and religious or community programs.
The property is positioned between Spokane and Coeur d’Alene, providing convenient regional access. It is also described as being near major retail and residential growth, which may support sustained patronage depending on the specific program or tenant strategy.
For buyers or operators, the layout and included commercial kitchen make it workable for assisted living while also fitting other community-driven concepts such as a church, school, or similar community use. The combination of flexible interior space and on-site parking can simplify operations for scheduled events, daily services, and recurring traffic patterns associated with education and religious or community programs.
Key Highlights
- 10,800 SF multi‑purpose facility built in 2005
- Sits on 10.09 acres
- Flexible interior space designed for multiple community uses
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Assisted living facility - Multi-purpose 10,800 SF facility with a commercial kitchen and ample parking, suited for assisted living or community uses.
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: 10,800 SF multi‑purpose facility built in 2005; Sits on 10.09 acres; Flexible interior space designed for multiple community uses
