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    Sandpoint Warehouse with Pallet Racking Title is generated by Realmo AI

    1106 Airpark Court, Sandpoint, ID 83864

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    Claim this Listing
    For Sale
    $4,150,000

    COMMERCIAL - Sandpoint, ID

    Property size:
    48,000 SF
    Lot size:
    2.82 Acres
    Price / SF:
    $86/SF
    Added:
    Mar 2, 2026
    Days on Market:
    94
    Last Refresh:
    Jun 4 at 1:06 pm

    Property Features for 1106 Airpark Court

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Security features
    Security System
    Interior features
    3 Phase Power, Moveable Walls
    Exterior features
    Lighting
    Standard status
    Active
    APN
    RPS37220000040A
    Size
    48,000 SF
    Lot size
    2.82 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    10-57N-2W WAREHOUSE PARK LOT 4 THORNE WAREHOUSE
    Tax Annual Amount
    14690

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    2016
    Building materials
    Steel Siding, Frame, Pole
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Forrest Schuck
    Forrest Schuck

    Listing agent Forrest Schuck License #SP32017

    Listing office Northwest Realty Group 2022 N Government Way, Coeur d'Alene, ID

    Listing date Mar 2, 2026

    MLS# 26-1770

    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.

    HighLights

    • 48,000 SqFt warehouse in excellent condition with racking for approx. 1800 pallets
    • Brand new membrane roof and superior fire protection
    • Great truck access adjacent to Sandpoint Airport, no through town necessary
    • Features 2 truck docks and 2 14' grade level doors
    • Extremely well insulated with natural gas and electric heating
    • Electronic security throughout and 3 Phase Power

    Overview

    This 48,000 square foot warehouse building is in excellent condition. It features a new membrane roof and is currently set up with racking for approximately 1800 pallets. The building has a 16-foot plate height, two truck docks, a receiving office, and two 14-foot grade-level doors. Interior amenities include restrooms and a lunchroom. The property can be demised or subdivided in a few different ways. It is extremely well insulated and features superior fire protection and electronic security throughout. Located adjacent to Sandpoint Airport, the property offers great truck access without needing to go through town. The building is extremely clean and has only been used for storage and shipping, never for any sort of manufacturing. The property is located at 1106 Airpark Court, Sandpoint, ID 83864, in Bonner County. The lot size is 2.82 acres. The zoning is industrial. The property is also available for lease, with terms to be negotiated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.563065
    Latitude
    48.300752

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    FAQs

    What type of property is this?
    Warehouse - 48,000 SqFt warehouse in excellent condition near Sandpoint Airport.
    Where is this warehouse located?
    The property is located at 1106 Airpark Court Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: 48,000 SqFt warehouse in excellent condition with racking for approx. 1800 pallets; Brand new membrane roof and superior fire protection; Great truck access adjacent to Sandpoint Airport, no through town necessary
    (208) 610-6049
    We can help!
    Listing Contact
    Forrest Schuck
    Forrest Schuck
    Real Estate License ID: SP32017
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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