Flex Space Garage
For Sale
$250,000
17023 W Tulip Ct, Post Falls, ID 83854
Commercial Sale, Commercial Condo, Post Falls, ID
Property Size1,000 SF
Lot Size0.02 Acres
Price / SF$250
Days on Market222
Property Features for 17023 W Tulip Ct
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Light Indust.
Security features
Security System
Interior features
Handicap Facility, Handicap Restrooms
Exterior features
Lighting, Handicap Access
Basement
None
Accessibility
Accessible Approach with Ramp
Lot features
Irregular Lot, Level, Cul-De-Sac
View
Territorial
Directions
Pleasant View, left at the roundabout, onto Prairie Ave, Left onto Kira, Right onto Tulip Court , Right side to Private Gated entry.
Subdivision
02 - Post Falls
Standard status
Active
APN
0K0990010050
Size
1,000 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HAUSER INDUSTRIAL PARK, LT 5 BLK 1 3051N05WPARENT
Tax Annual Amount
782
Legal Description
HAUSER INDUSTRIAL PARK, LT 5 BLK 1 3051N05WPARENT
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
outdoor vehicle spray-off area
private restrooms
state of the art security
Building Details
Year built
2023
Building materials
Steel Siding, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
CENTURY 21 Beutler & Associates · Century 21 Real Estate
(208) 765-5554
Listed By:
Pamela Harmon · License #SP33147
(208) 659-6678
Added: Jan 27
Changed: Aug 19
Last Checked: Sep 6 at 4:06PM
MLS# 26-781
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 1,000-square-foot flex space garage condo was built in 2023 with steel siding, a metal roof, natural gas heating, and a finished, insulated interior. The unit includes 100-amp electrical service, a 30- to 50-amp RV/boat outlet, six outlets, six LED shop lights, and a 14-by-14-foot insulated garage door with remote operation. Light Industrial zoning supports the property's commercial positioning.
The facility provides gated access, private security, and on-site restrooms, with public water and public sewer serving the property. Additional common-area features include an outdoor vehicle spray-off area, lighting, accessible approach with ramp, and handicap facilities. The property is located at 17023 W Tulip Ct in Post Falls, Idaho.
The facility provides gated access, private security, and on-site restrooms, with public water and public sewer serving the property. Additional common-area features include an outdoor vehicle spray-off area, lighting, accessible approach with ramp, and handicap facilities. The property is located at 17023 W Tulip Ct in Post Falls, Idaho.
Key Highlights
- 1,000‑square‑foot garage condo built in 2023
- Finished and insulated interior with 100‑amp service
- 30- to 50‑amp RV/boat outlet and six LED shop lights
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$145,040
$145.0K
Cap Rate 7%
$103,600
$103.6K
Cap Rate 9%
$80,578
$80.6K
Market Conditions
NOI Build-Up for 1,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$9.0K $9.00/SF
− Vacancy
−$468 −$0.47/SF
EGI
$8.5K $8.53/SF
− OpEx
−$1.3K −$1.28/SF
NOI
$7.3K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$145,040
Cap Rate 7%
$103,600
Cap Rate 9%
$80,578
Alternative Uses
Best Use
Warehouse
$103.6K
$90.7K – $120.9K
NOI $7,252 @ 7.0% cap · market cap 2.90%
Second Best
Industrial
$85.3K
$74.7K – $99.5K
NOI $5,972 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$216.9K
$189.8K – $253.1K
NOI $15,185 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Finished, insulated commercial garage condo with secure access and dedicated utility features for storage or light industrial use.
Where is this flex space located?
The property is located at 17023 W Tulip Ct Post Falls, ID.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,000‑square‑foot garage condo built in 2023; Finished and insulated interior with 100‑amp service; 30- to 50‑amp RV/boat outlet and six LED shop lights
