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    Property profile & analytics

    300 Union Ave Newport, WA 99156

    • Retail space
    • 6,044 SF
    • 0.51 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US90-2762702
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 300 Union Ave

    Lot size
    0.51 lot acres
    Property size
    6,044 SF
    Property type
    Retail space
    APN
    463119610001
    APU
    463119610001

    Description

    This exceptional freestanding retail building, located at 300 S Union Ave in Newport, Washington, presents a unique investment opportunity. Boasting approximately 4,100 square feet of available space, this property is situated on a sizable 22,216 square foot lot (approximately 0.51 acres). Constructed in 1990, the building benefits from a newer HVAC system, ensuring year-round comfort. The property includes convenient features such as one 8' x 7' overhead door, perfect for loading and unloading, and ample parking with 10 stalls. The location on Union Avenue offers excellent visibility and accessibility, with an estimated average daily traffic count of approximately 4,450 vehicles. The lease rate is $12.00 per square foot, triple net (NNN), with additional NNN expenses of $2.00 per square foot. This property is ideal for a variety of retail businesses seeking a prominent presence in a thriving community within Pend Oreille County. The building's single-tenant structure offers flexibility and control, while the ample lot size provides potential for expansion or outdoor display areas. Don't miss this chance to secure a prime retail space in a high-traffic location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $345,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $355,000
      Mixed-Use
      $350,000
      Hospitality
      $390,000
      Educational
      $415,000
      Residential Income
      $335,000
      Energy
      $375,000
      Income-Based Land
      $415,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Pend Oreille
    State
    Washington
    Longitude
    -117.042
    Latitude
    48.1789

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,026
    $142,366
    $199,452
    $341,818
    -
    $142,366
    $199,452
    $341,818

    Comparable in this City

    • Value Estimation
      $220,000
      4,776 SF

      137 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,776 SF
      137 Washington Ave, Newport, WA 99156-9665
      View Details
    • Value Estimation by Request
      1,788 SF

      321 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,788 SF
      321 Washington Ave, Newport, WA 99156-9671
      View Details
    • Value Estimation by Request
      777 SF

      322 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 777 SF
      322 Washington Ave, Newport, WA 99156-9671
      View Details
    • Value Estimation
      $350,000
      2,100 SF

      333211 Hwy 2nd 2

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      333211 Hwy 2nd 2, Newport, WA 99156-9454
      View Details
    • Value Estimation by Request
      4,800 SF

      317 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      317 Washington Ave, Newport, WA 99156-9671
      View Details
    • Value Estimation by Request
      2,016 SF

      108 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,016 SF
      108 Washington Ave, Newport, WA 99156-9665
      View Details

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    Similar Nearby for Lease

    • $2,200 /Mo
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      Retail/Warehouse Space on Main Highway

      Versatile retail and warehouse space with excellent visibility.
      317 S Union Ave, Newport, WA 99156
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      4,100 SF

      Newport Retail Building - Prime Location

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      View Details
    • Contact for pricing
      1,388 SF

      Newport Office Space Available

      Office space available for rent in Newport, Washington.
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      View Details
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    300 Union Ave
    Newport, WA 99156
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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