1600 1st St Newport, WA 99156-9008
Property profile & analytics
1600 1st St Newport, WA 99156-9008
- Industrial properties
- 9,044 SF
- 1.95 lot acres
Property ID
US90-2067816
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.
Location Intelligence
Current Use by Public Records
- Social & Health Services Department / Social Service Agency / Charitable Organization
- WorkSource Newport / Business Service Center / Employment Agency
- EWU Early Head Start / High School
- Newport Driver Licensing Office / Department Of Motor Vehicles
- Community Service Office / Social Service Agency / Charitable Organization
Property Details for 1600 1st St
- Year built
- 1995
- Lot size
- 1.95 lot acres
- Property size
- 9,044 SF
- Property type
- Industrial properties
- APN
- 453113340005
- APU
- 453113340005
Description
This fully leased, two-tenant office building presents a compelling investment opportunity. Located at 1600 1st St, Newport, WA 99156, this Class B property boasts 8,952 square feet of net rentable space across two stories in a single building, situated on a 1.95-acre lot (APN 453113340005). Built in 2005, the building features a recently upgraded HVAC system (a $100,000 investment), ensuring efficient climate control. The property enjoys a 100% occupancy rate with two long-term tenants, both government entities, under new five-year leases with extension options, extending to August 31, 2030 (5.8 years remaining). The current Net Operating Income (NOI) is $132,625, yielding a 6.82% capitalization rate. A pro-forma NOI of $141,928 projects a 7.30% capitalization rate upon commencement of the new leases. The asking price is $1,945,000, translating to a price per square foot of $217.27. The property is zoned for commercial use and is conveniently located just 45 minutes from Spokane, Washington. This stabilized investment is ideal for a 1031 exchange.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Pend Oreille
- State
- Washington
- Longitude
- -117.061
- Latitude
- 48.1816
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
2019
$0.00
$99,150
$1,405,437
$1,504,587
-
$99,150
$1,405,437
$1,504,587
