Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1511 E 2Nd Ave Post Falls, ID 83854

    Sponsored
    For Sale
    Pending
    $230,000

    LAND - Post Falls, ID

    Lot size:
    0.23 Acres
    Days on Market:
    74
    Last Refresh:
    Feb 7 at 9:06 pm

    Property Features for 1511 E 2Nd Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R2
    APN
    P78000050060
    Parking features
    Open
    Exterior features
    Lighting
    Lot size
    0.23 Acres

    Building Details

    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Jesse Freije
    Jesse Freije

    Windermere/Coeur d'Alene Realty Inc (208) 664-9221

    Listing agent Jesse Freije (208) 660-7379 License #SP33797

    Listing date Nov 26, 2025

    MLS# 25-11088 Listing URL

    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

    Post Falls R2 Zoned Land

    This is an opportunity to own an R2 zoned multi-family lot located in Post Falls. The parcel is level and city services are available. Power is connected to the 40x40 stick-framed shop, which features a 10' plate height and a 10' wide by 9' tall roll-up door. The shop has a concrete floor and is situated at the back of the 0.23-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Post Falls
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.925052
    Latitude
    47.707291

    Nearby Similar for Sale

    • New
      $1,395,000
      Pending

      Post Falls Industrial Building

      7,500 sq ft industrial building on 0.98 acres.
      6308 W Integrity Way, Post Falls, ID 83854
      View Details
    • New
      $785,000
      3,017 SF

      Spacious Duplex in Post Falls

      Well-maintained duplex with spacious units in a family-friendly neighborhood.
      1606 N Catherine St, Post Falls, ID 83854
      View Details
    • New
      $775,000
      3,480 SF

      Post Falls Commercial Building

      Commercial building in Post Falls with warehouse and office space.
      706 E 3Rd Ave, Post Falls, ID 83854
      View Details
    • $785,000
      2,921 SF

      Well-Maintained Duplex in Post Falls

      Spacious duplex in a quiet neighborhood, great investment opportunity.
      1610 N Catherine St, Post Falls, ID 83854
      View Details
    • New
      $3,999,000
      3,600 SF

      Post Falls C-Store/Gas Station

      Successful gas station and C-store on busy Seltice Way.
      4020 E Seltice Way, Post Falls, ID 83854
      View Details
    • New
      $425,000
      1,800 SF

      Post Falls Commercial Condo For Sale

      Commercial condo near I-90, located between Coeur d'Alene and Spokane.
      3753 W 5Th Ave, Post Falls, ID 83854
      View Details
    • $305,000
      1,796 SF

      Post Falls Commercial Condos Package

      Two commercial condos with versatile space and premium shared amenities.
      4415 W Grange Ave Unit 5 &, Post Falls, ID 83854
      View Details
    • $305,000
      1,796 SF

      Versatile Commercial Condos with Clubhouse

      Two commercial condos with premium shared clubhouse in Post Falls.
      4415 W Grange Ave, Post Falls, ID 83854
      View Details
    • $750,000
      2,304 SF

      Post Falls Commercial Opportunity Zone

      Turn-key, passive income with strong national tenant and long-term lease.
      3260 E Seltice Way, Post Falls, ID 83854
      View Details
    • $250,000
      1,000 SF

      Secured Commercial Garage Condos

      Highly secured commercial garage condos perfect for light industrial business.
      17023 W Tulip Ct, Post Falls, ID 83854
      View Details
    • $1,599,000
      4,500 SF

      New Construction Mixed-Use Building

      New construction building featuring warehouse, retail, and office space.
      501 E 3Rd Ave, Post Falls, ID 83854
      View Details
    • $525,000
      Pending

      Post Falls Duplex Investment Opportunity

      Well-maintained duplex in Post Falls with immediate income potential.
      3740 E Jordan Dr, Post Falls, ID 83854
      View Details

    FAQs

    What type of property is this?
    Land - R2 zoned multifamily lot with shop in Post Falls.
    Where is this land located?
    The property is located at 1511 E 2Nd Ave Post Falls, ID.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - R2 zoned multi-family lot.; - Level lot with city services available.; - **40x40 stick-framed shop with concrete floor.**
    (208) 660-7379
    Request Owner's contact information
    1511 E 2Nd Ave Post Falls, ID 83854
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1511 E 2Nd Ave
    Post Falls, ID 83854
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1511 E 2Nd Ave Post Falls, ID 83854
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jesse Freije
    Jesse Freije
    Real Estate License ID: SP33797
    (208) 660-7379
    Learn more
    Google sign-in failed. Please try again or use another login method.