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    1313 N Division Ave, Unit unit A C & Storage Units Sandpoint, ID 83864

    Sponsored
    For Sale
    $850,000

    COMMERCIAL - Sandpoint, ID

    Property size:
    4,350 SF
    Days on Market:
    1
    Last Refresh:
    Mar 2 at 8:06 pm

    Property Features for 1313 N Division Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Ind Biz Park
    Rooms
    Bathroom 2, Bathroom 1
    Bathrooms
    2
    APN
    RPS73080000SU0A
    Interior features
    DSL Available, High Speed Internet
    Basement
    None
    Size
    4,350 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Other (Heating), Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1999
    Building materials
    T1-11, Frame
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jeremy Brown
    Jeremy Brown

    Northwest Realty Group (208) 664-4200

    Listing agent Jeremy Brown (208) 664-4200 License #SP42491

    Listing date Mar 2, 2026

    MLS# 26-1777

    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.

    Learn more

    Property Insight Report

    Overview

    Income-Generating Investment Opportunity

    This unique investment opportunity features three income-generating properties situated in a prime industrial-zoned location. The properties include a fully leased 12-unit storage facility, comprising eleven 10' x 20' units and one larger 15' x 20' unit, offering a turnkey setup for steady cash flow with low maintenance. Additionally, there is a fully remodeled 2-bedroom, 1-bathroom condo (Unit A) with 850 square feet of modern living space, which is currently leased and includes its own 10' x 20' storage unit. The third property is a 3-bedroom, 1-bathroom condo (Unit C) with 1,000 square feet, also leased and offering potential for future upgrades, and includes an additional 10' x 20' storage unit. The industrial zoning allows for short-term rentals and offers solid potential for rent increases. All units, including the storage facility, are currently leased. The property size is 4350 square feet. An additional fully remodeled 3-bedroom, 1-bathroom, 1,000 square foot condo is also available but not included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.568333
    Latitude
    48.286031

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    FAQs

    What type of property is this?
    Self storage facility - Three income-generating properties in one, located in Sandpoint, ID.
    Where is this self storage facility located?
    The property is located at 1313 N Division Ave, Unit unit A C & Storage Units Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Three income-generating properties in one location with industrial zoning.; - Fully leased storage facility with 12 units (11 x 10'x20', 1 x 15'x20').; - Two leased condos: a remodeled 2 bed/1 bath (850 sq ft) and a 3 bed/1 bath (1,000 sq ft), each with a 10' x 20' storage unit.
    (208) 400-5740
    Request Owner's contact information
    1313 N Division Ave, Unit unit A C & Storage Units Sandpoint, ID 83864
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    Sandpoint, ID 83864
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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.

    More about this property
    1313 N Division Ave, Unit unit A C & Storage Units Sandpoint, ID 83864
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    We can help!
    Listing Contact
    Jeremy Brown
    Jeremy Brown
    Real Estate License ID: SP42491
    (208) 400-5740 (208) 946-4221 (208) 953-7653
    Learn more
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