Flex Space with Office
For Sale
$1,549,000
108 E Hanley Ave, Dalton Gardens, ID 83815
Commercial Sale, Office Building, Dalton Gardens, ID
Property Size5,328 SF
Lot Size0.87 Acres
Price / SF$290.73
Days on Market167
Property Features for 108 E Hanley Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-Commercial
Lot features
Level
View
City
Directions
From Coeur d'Alene, head north on Highway 95, East on Hanley.
Subdivision
01 - Cd'A Urban/Dalton
Standard status
Active
APN
D140036304AC
Size
5,328 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Dalton Gardens Add Hl Irr Lands, E 1/3-W 3/5-Tr 304 3651N04w
Tax Annual Amount
3273
Legal Description
Dalton Gardens Add Hl Irr Lands, E 1/3-W 3/5-Tr 304 3651N04w
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Ductless (Heating), Other (Heating), Electric (Heating)
Water source
Public
Building Details
Year built
1984
Building materials
Steel Siding, Lap Siding, Frame
Roof type
Metal, Composition
Architectural style
Other
Listing Agency:
Kiemle Hagood
(208) 770-2590
Listed By:
Mary Kienbaum · License #SP52503
(509) 828-3273
Added: Apr 24
Changed: Sep 17
Last Checked: Oct 7 at 3:06AM
MLS# 26-3973
Copyright © 2026 Coeur d'Alene Multiple Listing Service. 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 C-Commercial property includes two commercial buildings on a 0.87-acre site. The north building is arranged as three units, while the second building provides 5,160 square feet of shop/flex space. Suites A and C, along with the shop/flex building, are occupied by current tenants. Construction includes steel siding, lap siding, and frame components, with composition and metal roofing. Heating systems include natural gas, forced air, ductless, and electric equipment.
The property is in Dalton Gardens near Silver Lake Mall and Highway 95. Public water and public sewer serve the site. Built in 1984, the asset combines office and work-oriented commercial improvements within a single property.
The property is in Dalton Gardens near Silver Lake Mall and Highway 95. Public water and public sewer serve the site. Built in 1984, the asset combines office and work-oriented commercial improvements within a single property.
Key Highlights
- 5,160 square feet of shop/flex space in the second building
- North building configured with 3 units: A, B, and C
- Building 2 plus Suites A and C occupied by current tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,710
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,200
$1.2M
Cap Rate 7%
$824,429
$824.4K
Cap Rate 9%
$641,222
$641.2K
Market Conditions
NOI Build-Up for 5,328 SF
Gross rent
$92.7K $17.40/SF
− Vacancy
−$15.8K −$2.96/SF
EGI
$76.9K $14.44/SF
− OpEx
−$19.2K −$3.61/SF
NOI
$57.7K $10.83/SF
Area
Kootenai County, ID
Vacancy
17.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,200
Cap Rate 7%
$824,429
Cap Rate 9%
$641,222
Alternative Uses
Best Use
Office B
$824.4K
$721.4K – $961.8K
NOI $57,710 @ 7.0% cap · market cap 3.73%
Second Best
Warehouse
$552.0K
$483.0K – $644.0K
NOI $38,640 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,905 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83815, ID
39,412
Population
17,031
Households
2.3
Avg Household Size
39
Median Age
33%
College-Educated
96%
High-School Grad
15.6 sq mi
ZIP Area
2,526
Density / Sq Mi
$77,139
Median Household Income
$39,257
Median Earnings
$1,445
Median Rent
$472,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property combines office suites with shop/flex space and current tenant occupancy.
Where is this flex space located?
The property is located at 108 E Hanley Ave Dalton Gardens, ID.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: 5,160 square feet of shop/flex space in the second building; North building configured with 3 units: A, B, and C; Building 2 plus Suites A and C occupied by current tenants
