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    Boutique Motel in Downtown Sandpoint Title is generated by Realmo AI

    501 N 4th Ave, Sandpoint, ID 83864

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    For Sale
    $1,800,000

    COMMERCIAL - Sandpoint, ID

    Property size:
    6,436 SF
    Lot size:
    0.33 Acres
    Price / SF:
    $279/SF
    Added:
    Mar 28, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 4 at 12:06 pm

    Property Features for 501 N 4th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial A
    Interior features
    Cable Internet Available, High Speed Internet, Phone Prewired
    Exterior features
    Lighting
    Basement
    Crawl Space
    Standard status
    Active
    APN
    RPS0129019007AA
    Size
    6,436 SF
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    22-57N-2W FARMINS ADDN BLK 19 LOTS 7 & 8 K-2 MOTEL - 13 UNITS
    Tax Annual Amount
    5861

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Other (Heating), Electric (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1963
    Building materials
    Wood Siding, Steel Siding, T1-11, Frame
    Roof type
    Composition, Metal, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Brown
    Jeremy Brown

    Listing agent Jeremy Brown License #SP42491

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

    Listing date Mar 28, 2026

    MLS# 26-2769

    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

    • Irreplaceable downtown Sandpoint location, steps from dining, shopping, Lake Pend Oreille, and City Beach.
    • Features 19 rentable units, including a spacious 3‑bedroom former innkeeper's quarters.
    • 11 units recently remodeled with modern amenities and kitchenettes.
    • Strong upside potential due to Commercial A zoning and operational flexibility.
    • Turnkey opportunity with outstanding reviews and a loyal repeat guest base.
    • Close proximity to Schweitzer Mountain Resort.

    Overview

    This is a rare opportunity to acquire a landmark boutique motel in the heart of downtown Sandpoint. Known as the K2 Inn, this hospitality asset is located steps from dining, shopping, Lake Pend Oreille, and City Beach, with Schweitzer Mountain Resort a short drive away. The property features 19 rentable units, including a spacious 3-bedroom former innkeeper's quarters, suitable for an owner-operator or additional rental income. Eleven of the 19 units have been recently remodeled with modern amenities and kitchenettes. Additional features include a commercial laundry facility, off-street parking, and a recently replaced roof. Zoned Commercial A, the K2 Inn offers operational flexibility and strong upside potential. The property has a loyal repeat guest base, reflected in outstanding reviews across Airbnb, Google, Yelp, and TripAdvisor. The property size is 6436 square feet and the lot size is 0.33 acres. This is a turnkey opportunity in one of Idaho's most desirable resort communities.
    Property Profile Location Intelligence

    Current Use by Public Records

    K2 Motel Hotel & Motel

    Suggested Use

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

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

    Similar Places Nearby

    • Best Western Edgewater Resort — 56 Bridge St, Sandpoint, ID 83864
    • The Dalles OR — 402-404, US-2, Sandpoint, ID 83864
    • Meandering Moose Motel — 317 S Marion Ave, Sandpoint, ID 83864
    • Uncle Bernie’s House — 404 us-2, sandpoint, id 83864
    • Heartwood Center — 615 Oak St, Sandpoint, ID 83864

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.552312
    Latitude
    48.277404

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    FAQs

    What type of property is this?
    Motel - Landmark motel with 19 units near Lake Pend Oreille.
    Where is this motel located?
    The property is located at 501 N 4th Ave Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Irreplaceable downtown Sandpoint location, steps from dining, shopping, Lake Pend Oreille, and City Beach.; Features **19 rentable units**, including a spacious 3‑bedroom former innkeeper's quarters.; **11 units recently remodeled** with modern amenities and kitchenettes.
    (208) 400-5740
    We can help!
    Listing Contact
    Jeremy Brown
    Jeremy Brown
    Real Estate License ID: SP42491
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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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