Mixed-Use Property With
For Sale
$450,000
792 HIGHWAY 395 N, Colville, WA 99114
Commercial, COLVILLE, WA
Property Size4,290 SF
Lot Size6.30 Acres
Price / SF$104.90
Days on Market49
Property Features for 792 HIGHWAY 395 N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Rooms
Basement
Parking features
Parking Lot, Off Street, Covered
Exterior features
Road Frontage, Storage
Basement
Full
Directions
Travel on Hwy 395 between Colville and Kettle Falls. Property is located in the north side of Hwy 395 less than a mile outside of Kettle Falls.
Subdivision
S2 - Kettle Falls
Standard status
Active
APN
1929365
Size
4,290 SF
Lot size
6.30 Acres
Taxes and HOA fees
Tax Description
TAX #29, LS M/R (SP 39-95-2) (BAL TAX #29 IN 16-36-38)
Legal Description
TAX #29, LS M/R (SP 39-95-2) (BAL TAX #29 IN 16-36-38)
Utilities
Heating system
Electric (Heating), Central, Forced Air
Water source
Public
Building Details
Year built
1922
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY COLVILLE
(509) 684-1414
Listed By:
Day Star Realty Team
(509) 593-1059
Added: Jul 15
Changed: Aug 19
Last Checked: Sep 1 at 4:06PM
MLS# 46189
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 mixed-use property combines a farmhouse, shop, barn, and additional storage buildings across 6.3 acres. The 4,290-square-foot property dates to 1922 and includes a farmhouse that has been updated, along with a shop featuring high ceilings. The barn provides access at both levels, while covered and off-street parking supplement the site improvements. Heating includes electric, central, and forced-air systems, and the property is served by public water.
Highway 395 frontage places the property between Colville and Kettle Falls, with access to both communities. The commercial improvements and residential-style farmhouse create a flexible base for business operations, office use, storage, or a combined live-work arrangement, as described for the property.
Highway 395 frontage places the property between Colville and Kettle Falls, with access to both communities. The commercial improvements and residential-style farmhouse create a flexible base for business operations, office use, storage, or a combined live-work arrangement, as described for the property.
Key Highlights
- 6.3‑acre mixed‑use property with a 4,290‑square‑foot building
- Farmhouse updated; property built in 1922
- Shop includes high ceilings
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
$24,960
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
5.55%
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%
$499,200
$499.2K
Cap Rate 7%
$356,571
$356.6K
Cap Rate 9%
$277,333
$277.3K
Market Conditions
NOI Build-Up for 4,290 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
$38.1K $8.88/SF
− Vacancy
−$2.4K −$0.57/SF
EGI
$35.7K $8.31/SF
− OpEx
−$10.7K −$2.49/SF
NOI
$25.0K $5.82/SF
Area
Stevens County, WA
Vacancy
6.40%
Lease Rate
$8.88 /SF/Yr
Expense Ratio
30.00%
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%
$499,200
Cap Rate 7%
$356,571
Cap Rate 9%
$277,333
Alternative Uses
Best Use
Mixed Use
$732.0K
$640.5K – $854.0K
NOI $51,239 @ 7.0% cap · market cap 11.39%
Second Best
Industrial
$356.6K
$312.0K – $416.0K
NOI $24,960 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.11M
$968.5K – $1.29M
NOI $77,477 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 99114, WA
12,649
Population
6,154
Households
2.1
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
718.5 sq mi
ZIP Area
18
Density / Sq Mi
$61,891
Median Household Income
$45,164
Median Earnings
$916
Median Rent
$268,300
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?
Mixed-use property - Farmhouse, high-ceiling shop, barn, and storage improvements support varied commercial operations on a highway-fronting site.
Where is this mixed-use property located?
The property is located at 792 HIGHWAY 395 N Colville, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6.3‑acre mixed‑use property with a 4,290‑square‑foot building; Farmhouse updated; property built in 1922; Shop includes high ceilings
