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    Property profile & analytics

    28312 Newport Hwy Chattaroy, WA 99003

    • Grocery and convenience stores
    • 3,000 SF
    • 2.12 lot acres
    For Lease
    View listing
    Value Estimation
    $765,000
    Last Sale
    May 05, 2020
    $700,000
    Location Intelligence
    Property ID
    US90-3331697
    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

    • Grocery and convenience stores

    Property Details for 28312 Newport Hwy

    Year built
    1985
    Lot size
    2.12 lot acres
    Property size
    3,000 SF
    Property type
    Grocery and convenience stores
    APN
    38221.9031
    APU
    382219031

    Description

    This exceptional commercial land parcel, located at 28312 N Newport Hwy in Chattaroy, WA 99003, presents a unique investment opportunity. The property boasts a generous 25,000 square feet of usable land, ideal for a variety of commercial ventures. With a total lot size of 92,347 square feet, there is ample space for development and expansion. The property is designated for single-tenant occupancy, offering a streamlined approach to leasing and management. Situated in Chattaroy, Washington, this location offers convenient access to key transportation routes and amenities, making it an attractive proposition for businesses seeking a strategic foothold in the region. The property's size and location make it suitable for a wide range of commercial uses, from light industrial to retail, subject to local zoning regulations. This is a blank canvas for your next commercial project. The latitude and longitude coordinates are 47.9146969, -117.3484676, allowing for easy location verification and mapping. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location. Serious inquiries are encouraged. The property is currently available for lease.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $705,000
      6.5%
      $790,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $735,000
      Geo Method
      $660,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $725,000
      Retail
      $750,000
      Mixed-Use
      $630,000
      Hospitality
      $605,000
      Educational
      $745,000
      Residential Income
      $640,000
      Energy
      $770,000
      Income-Based Land
      $630,000
      Food Service
      $630,000

    Location Insight

    • Map
    • Local Demand
    City
    Chattaroy
    County
    Spokane
    State
    Washington
    Longitude
    -117.349
    Latitude
    47.9149
    CBSA code
    44060
    CBSA name
    SPOKANE-SPOKANE VALLEY, WA METROPOLITAN STATISTICAL AREA

    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
    2023
    $5,602
    $69,260
    $651,600
    $720,860
    -
    $69,260
    $651,600
    $720,860

    Comparable in this City

    • Value Estimation
      $345,000
      9,952 SF

      34710 Newport Hwy

      GROCERY, SUPERMARKET • 9,952 SF
      34710 Newport Hwy, Chattaroy, WA 99003-9770
      View Details
    • Value Estimation
      $345,000
      2,208 SF

      31422 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,208 SF
      31422 Newport Hwy, Chattaroy, WA 99003-9777
      View Details
    • Value Estimation by Request
      6,400 SF

      4211 Westwood Ave

      Individual retail properties • 6,400 SF
      4211 Westwood Ave, Chattaroy, WA 99003
      View Details
    • Value Estimation
      $260,000
      2,240 SF

      3916 Chattaroy Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,240 SF
      3916 Chattaroy Rd, Chattaroy, WA 99003-9679
      View Details
    • Value Estimation
      $2,075,000
      10,640 SF

      34428 Newport Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,640 SF
      34428 Newport Hwy, Chattaroy, WA 99003-5198
      View Details
    • Value Estimation by Request
      900 SF

      34520 Milan Rd

      PARKING GARAGE, PARKING STRUCTURE • 900 SF
      34520 Milan Rd, Chattaroy, WA 99003-5142
      View Details

    Similar Nearby for Sale

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    Chattaroy, WA 99003
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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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