High-Clear Flex
For Sale
$449,000
5929 E Highway 54, Athol, ID 83801
Commercial Sale, Office Building, Athol, ID
Property Size2,460 SF
Lot Size0.18 Acres
Price / SF$182.52
Days on Market141
Property Features for 5929 E Highway 54
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Athol-C Comm...
Exterior features
Handicap Access
Accessibility
Accessible Approach with Ramp
Subdivision
Watkins
Lot features
Level
View
City, Territorial
Directions
From Hwy 95, West on Hwy 54 past 5th St in between the fire station and the auto repair shop.
Standard status
Active
APN
A799900B008A
Size
2,460 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Watkins Add To Athol, E 60 Ft-Lt 8 Ex Rw Block B, Ptn Vac Alley 0953N03w
Tax Annual Amount
1625
Legal Description
Watkins Add To Athol, E 60 Ft-Lt 8 Ex Rw Block B, Ptn Vac Alley 0953N03w
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Ductless (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
2003
Building materials
Frame, Pole
Roof type
Metal
Architectural style
Other
Listing Agency:
eXp Realty
(888) 452-7689
Listed By:
Richard Abbey · License #SP44408
(208) 755-0488
Added: Apr 21
Changed: Sep 6
Last Checked: Sep 8 at 6:06AM
MLS# 26-3762
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 2,460-square-foot flex property combines a front retail and office area with a rear warehouse configured for practical commercial use. The front section measures 24' x 40', while the 30' x 40' warehouse includes 16' clear height and a 12' roll-up door. A mezzanine adds storage or office potential. The building has frame and pole construction, a metal roof, ductless electric heating, wall-unit cooling, public water, and public sewer. An accessible approach with ramp and handicap access are also provided.
The property occupies 0.18 acres along Highway 54 in Athol, with a level lot and paved access. Built in 2003, it offers a combination of customer-facing space and higher-volume back-of-house functionality within a compact commercial footprint.
The property occupies 0.18 acres along Highway 54 in Athol, with a level lot and paved access. Built in 2003, it offers a combination of customer-facing space and higher-volume back-of-house functionality within a compact commercial footprint.
Key Highlights
- 2,460 SF flex property on 0.18 acres
- Front retail/office area measures 24' x 40'
- Rear warehouse measures 30' x 40' with 16' clear height
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
$26,645
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
5.93%
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%
$532,900
$532.9K
Cap Rate 7%
$380,643
$380.6K
Cap Rate 9%
$296,056
$296.1K
Market Conditions
NOI Build-Up for 2,460 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
$42.8K $17.40/SF
− Vacancy
−$7.3K −$2.96/SF
EGI
$35.5K $14.44/SF
− OpEx
−$8.9K −$3.61/SF
NOI
$26.6K $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%
$532,900
Cap Rate 7%
$380,643
Cap Rate 9%
$296,056
Alternative Uses
Best Use
Office B
$380.6K
$333.1K – $444.1K
NOI $26,645 @ 7.0% cap · market cap 5.93%
Second Best
Warehouse
$254.9K
$223.0K – $297.3K
NOI $17,840 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$533.6K
$466.9K – $622.6K
NOI $37,355 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83801, ID
7,501
Population
2,738
Households
2.7
Avg Household Size
48
Median Age
23%
College-Educated
89%
High-School Grad
175.1 sq mi
ZIP Area
43
Density / Sq Mi
$68,719
Median Household Income
$40,245
Median Earnings
$1,238
Median Rent
$495,500
Median Home Value
Market
Vacancy Rate% for Office 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 - Flexible commercial building with front office space, rear warehouse capacity, and mezzanine storage potential.
Where is this flex space located?
The property is located at 5929 E Highway 54 Athol, ID.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,460 SF flex property on 0.18 acres; Front retail/office area measures 24' x 40'; Rear warehouse measures 30' x 40' with 16' clear height
