Auto Shop with Service Pits and Alley
For Sale
$475,000
503 E 3rd Ave, Post Falls, ID 83854
COMMERCIAL - Post Falls, ID
Property Size2,060 SF
Lot Size0.19 Acres
Price / SF$230.58
Days on Market43
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 2, Bathroom 1
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
Other (Heating), Electric (Heating)
Water source
Public
Amenities
turn key shop
three upstairs bedrooms
conference set up
kitchen
bathroom
hardwood flooring
service pits
loft for storage
private alley entrance
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: Aug 4
Last Checked: Aug 12 at 2:06AM
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 auto shop property includes a turn-key shop with service pits and a loft for storage, plus a private alley entrance for shop access. The upper level has three bedrooms that can be converted to private offices. The main floor is set up for a conference-style workspace, with space for a printer and a sitting area, along with access to a kitchen and bathroom. Hardwood flooring is noted throughout the residence portion.
The property sits on a 0.19-acre lot and has a total property size of 2,060 square feet. Construction materials are listed as wood siding with frame. Heating is electric (heating) with an additional heating type noted as “other,” and the roof is listed as composition.
Public water and public sewer service are available. The property is zoned SC4. Built in 1900, it presents an opportunity to combine shop space with office-ready rooms for day-to-day operations at 503 E 3rd Ave, Post Falls, ID 83854.
The property sits on a 0.19-acre lot and has a total property size of 2,060 square feet. Construction materials are listed as wood siding with frame. Heating is electric (heating) with an additional heating type noted as “other,” and the roof is listed as composition.
Public water and public sewer service are available. The property is zoned SC4. Built in 1900, it presents an opportunity to combine shop space with office-ready rooms for day-to-day operations at 503 E 3rd Ave, Post Falls, ID 83854.
Key Highlights
- SC4 zoning for this auto shop at 503 E 3rd Ave, Post Falls
- 0.19‑acre lot with 2,060 square feet of total property size
- Service pits plus a loft for storage, with a private alley entrance
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
$22,313
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
4.70%
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%
$446,260
$446.3K
Cap Rate 7%
$318,757
$318.8K
Cap Rate 9%
$247,922
$247.9K
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
$35.8K $17.40/SF
− Vacancy
−$6.1K −$2.96/SF
EGI
$29.8K $14.44/SF
− OpEx
−$7.4K −$3.61/SF
NOI
$22.3K $10.83/SF
Area
Kootenai County, ID
Vacancy
17.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$446,260
Cap Rate 7%
$318,757
Cap Rate 9%
$247,922
Alternative Uses
Best Use
Office B
$318.8K
$278.9K – $371.9K
NOI $22,313 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$296.6K
$259.6K – $346.1K
NOI $20,765 @ 7.0% cap · market cap 4.37%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
406
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 Office in West region
Questions? Ask Rey
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- Do-It-Right auto repair — 413 E 3rd Ave, Post Falls, ID 83854
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop in SC4 zoning with service pits, loft storage, private alley entrance, and public water and sewer.
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: SC4 zoning for this auto shop at 503 E 3rd Ave, Post Falls; 0.19‑acre lot with 2,060 square feet of total property size; Service pits plus a loft for storage, with a private alley entrance
