Four-Unit Mixed-Use
For Sale
$634,500
6276 W MAINE St, Spirit Lake, ID 83869
Commercial Sale, Multi Level, Spirit Lake, ID
Property Size3,596 SF
Lot Size0.08 Acres
Price / SF$176.45
Days on Market62
Property Features for 6276 W MAINE St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Interior features
Cable Internet Available, High Speed Internet
Basement
Crawl Space
Subdivision
Spirit Lake
Lot features
Open Lot, Level
View
Territorial, City
Directions
North on Hwy 41, turn left onto W Maine St, property is on the left.
Standard status
Active
APN
S45000170110
Size
3,596 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SPIRIT LAKE, LT 11 BLK 17 05 53N 04W
Tax Annual Amount
1805
Legal Description
SPIRIT LAKE, LT 11 BLK 17 05 53N 04W
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1910
Building materials
Cement Block, Brick, Block
Roof type
Metal
Architectural style
Other
Listing Agency:
Keller Williams Realty Coeur d'Alene
(208) 667-2399
Listed By:
Thomas J Barnhart · License #SP28263
(208) 660-5785
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 31 at 6:06AM
MLS# 26-6784
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 mixed-use property contains 3,596 square feet arranged as one ground-floor commercial space and three residential apartments. The four-unit configuration is supported by separate utilities, and all units are currently occupied. Recent property updates include a newer metal roof and fresh interior and exterior paint.
Built in 1910, the building sits at 6276 W Maine St in Spirit Lake, one block from the lake. The property is zoned COM and served by public water and public sewer, with cable and high-speed internet available. Its Main Street setting combines commercial and residential functionality within a compact 0.08-acre parcel.
Built in 1910, the building sits at 6276 W Maine St in Spirit Lake, one block from the lake. The property is zoned COM and served by public water and public sewer, with cable and high-speed internet available. Its Main Street setting combines commercial and residential functionality within a compact 0.08-acre parcel.
Key Highlights
- Four‑unit layout with 1 ground‑floor commercial space and 3 residential apartments
- 3,596 square feet on a 0.08‑acre parcel
- All units currently occupied
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
$37,623
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%
$752,460
$752.5K
Cap Rate 7%
$537,471
$537.5K
Cap Rate 9%
$418,033
$418.0K
Market Conditions
NOI Build-Up for 3,596 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
$64.7K $18.00/SF
− Vacancy
−$4.5K −$1.26/SF
EGI
$60.2K $16.74/SF
− OpEx
−$22.6K −$6.28/SF
NOI
$37.6K $10.46/SF
Area
Kootenai County, ID
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$752,460
Cap Rate 7%
$537,471
Cap Rate 9%
$418,033
Alternative Uses
Best Use
Mixed Use
$537.5K
$470.3K – $627.1K
NOI $37,623 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$517.8K
$453.1K – $604.1K
NOI $36,248 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$780.1K
$682.6K – $910.1K
NOI $54,605 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 83869, ID
5,488
Population
2,197
Households
2.5
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
65.8 sq mi
ZIP Area
83
Density / Sq Mi
$64,625
Median Household Income
$42,419
Median Earnings
$737
Median Rent
$425,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space accompanies three residential apartments.
Where is this mixed-use property located?
The property is located at 6276 W MAINE St Spirit Lake, ID.
What is the asking price?
The asking price for this property is $634,500.
What are key features of this property?
This property features: Four‑unit layout with 1 ground‑floor commercial space and 3 residential apartments; 3,596 square feet on a 0.08‑acre parcel; All units currently occupied
