Insulated Shop Warehouse with
For Sale
$1,290,000
3608 W Poleline Ave, Post Falls, ID 83854
LAND - Post Falls, ID
Property Size5,000 SF
Lot Size1.25 Acres
Price / SF$258
Days on Market268
Property Features for 3608 W Poleline Ave
General Information
Property type
Land
Property subtype
Other
Zoning
438 - Com Imp
Parking features
Covered, Open
Subdivision
East Greenacres
Lot features
Open Lot, Level, Southern Exposure
View
Territorial
Elementary school district
Post Falls - 273
Middle school district
Post Falls - 273
High school district
Post Falls - 273
Directions
N on Pleasantview, R on Poleline 1/4 mile to property fronting South side of Pleasantview
Standard status
Active
APN
P375032013AA
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Greenacres Irr District Plat 5, Trs 13, 14, 15, 16, 17 & 18 Ex Rw Pleasant View Urd 2022 3251N05w
Tax Annual Amount
1425
Legal Description
Greenacres Irr District Plat 5, Trs 13, 14, 15, 16, 17 & 18 Ex Rw Pleasant View Urd 2022 3251N05w
Utilities
Sewer type
Septic Tank
Water source
Well
Building Details
Additional Structures
Storage
Listing Agency:
Source Real Estate
(844) 999-8878
Listed By:
Dave Reynolds · License #DB47181
(509) 981-7853
Added: Nov 30, 2025
Changed: Jul 24
Last Checked: Aug 25 at 7:06AM
MLS# 26-908
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 newer 50x100 insulated shop/warehouse includes a finished and updated office area plus a modern bathroom. The property also benefits from on-site utilities, including septic and a drainfield, and a shared well. A 1.25-acre lot is included with the offering.
The property is located at 3608 W Poleline Ave in Post Falls, Idaho, in Kootenai County. Zoning is listed as 438 - Com Imp.
Seller financing is available. The listing is offered for sale.
The property is located at 3608 W Poleline Ave in Post Falls, Idaho, in Kootenai County. Zoning is listed as 438 - Com Imp.
Seller financing is available. The listing is offered for sale.
Key Highlights
- Newer 50x100 insulated shop/warehouse with finished and updated interior
- Includes an office area and a modern bath
- Set on 1.25 acres, with septic and drainfield included
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
$36,261
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
2.81%
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%
$725,220
$725.2K
Cap Rate 7%
$518,014
$518.0K
Cap Rate 9%
$402,900
$402.9K
Market Conditions
NOI Build-Up for 5,000 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
$45.0K $9.00/SF
− Vacancy
−$2.3K −$0.47/SF
EGI
$42.7K $8.53/SF
− OpEx
−$6.4K −$1.28/SF
NOI
$36.3K $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%
$725,220
Cap Rate 7%
$518,014
Cap Rate 9%
$402,900
Alternative Uses
Best Use
Warehouse
$518.0K
$453.3K – $604.4K
NOI $36,261 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$949.1K – $1.27M
NOI $75,924 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Newer 50x100 insulated shop/warehouse with finished office area and a modern bathroom.
Where is this warehouse located?
The property is located at 3608 W Poleline Ave Post Falls, ID.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Newer 50x100 insulated shop/warehouse with finished and updated interior; Includes an office area and a modern bath; Set on 1.25 acres, with septic and drainfield included
