Auto Shop with Service
For Sale
$475,000
503 E 3rd Ave, Post Falls, ID 83854
Commercial Sale, Multi Level, Post Falls, ID
Property Size2,060 SF
Lot Size0.19 Acres
Price / SF$230.58
Days on Market89
Property Features for 503 E 3rd Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SC4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Basement
Crawl Space
Lot features
Open Lot, Level
View
City, Territorial
Directions
South on Spokane St, Left on 3rd
Subdivision
02 - Post Falls
Standard status
Active
APN
P6900026012A
Size
2,060 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Post Falls, Lts 12,13 Block 26 Pf Downtown Urd 2022 0350N05w
Tax Annual Amount
2324
Legal Description
Post Falls, Lts 12,13 Block 26 Pf Downtown Urd 2022 0350N05w
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Other (Heating)
Water source
Public
Building Details
Year built
1900
Building materials
Wood Siding, Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Workshop
Listing Agency:
Windermere/Manito, LLC
(509) 747-1051
Listed By:
Caylin Novell · License #SP51991
(509) 954-9354
Added: Jul 1
Changed: Sep 23
Last Checked: Sep 27 at 1:06PM
MLS# 26-6797
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 2,060-square-foot auto shop sits on a 0.19-acre parcel and includes service pits, a storage loft, and a private alley entrance. The building also provides three upstairs bedrooms that can be adapted into private offices, along with a main-level conference-style area, printer space, sitting area, kitchen, and bathroom. Hardwood flooring is installed throughout the interior.
Built in 1900, the property has wood siding and frame construction, a composition roof, electric and other heating systems, and public water and public sewer. SC4 zoning is in place, and the layout combines automotive service space with existing office and support areas.
Built in 1900, the property has wood siding and frame construction, a composition roof, electric and other heating systems, and public water and public sewer. SC4 zoning is in place, and the layout combines automotive service space with existing office and support areas.
Key Highlights
- 2,060‑square‑foot auto shop on a 0.19‑acre parcel
- Service pits and loft storage included
- Three upstairs bedrooms with potential for private offices
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
$20,765
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
4.37%
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%
$415,300
$415.3K
Cap Rate 7%
$296,643
$296.6K
Cap Rate 9%
$230,722
$230.7K
Market Conditions
NOI Build-Up for 2,060 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
$30.9K $15.00/SF
− Vacancy
−$1.2K −$0.60/SF
EGI
$29.7K $14.40/SF
− OpEx
−$8.9K −$4.32/SF
NOI
$20.8K $10.08/SF
Area
Kootenai County, ID
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$415,300
Cap Rate 7%
$296,643
Cap Rate 9%
$230,722
Alternative Uses
Best Use
Retail
$296.6K
$259.6K – $346.1K
NOI $20,765 @ 7.0% cap · market cap 4.37%
Second Best
Industrial
$175.8K
$153.8K – $205.1K
NOI $12,303 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$446.9K
$391.0K – $521.4K
NOI $31,281 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
697
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Body By Scotty — 311 E 3rd Ave, Post Falls, ID 83854
- Autosport Northwest — 516 E 3rd Ave, Post Falls, ID 83854
- Do-It-Right auto repair — 413 E 3rd Ave, Post Falls, ID 83854
- A Body Shop — 706 E 3rd Ave, Post Falls, ID 83854
- Franks Tire & Repair and Towing LLC — 702 E 3rd Ave, Post Falls, ID 83854
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with adaptable office space, kitchen, bathrooms, storage loft, and private alley access.
Where is this auto shop located?
The property is located at 503 E 3rd Ave Post Falls, ID.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,060‑square‑foot auto shop on a 0.19‑acre parcel; Service pits and loft storage included; Three upstairs bedrooms with potential for private offices
