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    68 and 104 Homer Drive St Maries, ID 83861

    View on Map
    For Sale
    $969,000

    COMMERCIAL - St. Maries, ID

    Property size:
    5,184 SF
    Lot size:
    4.10 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    238
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for 68 and 104 Homer Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commerical
    Interior features
    Storage, Cable Internet Available, High Speed Internet, Phone Prewired
    Exterior features
    Lighting, Handicap Access
    Basement
    None
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    RP006800000200 RP006800000100
    Size
    5,184 SF
    Lot size
    4.10 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    S & R Addition LOT 2 S23 T46N R2W
    TaxAnnualAmount
    1006

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Propane (Heating), Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1992
    Building materials
    Wood Siding, Steel Siding, Steel Frame
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Laci St. John

    Listing agent Laci St. John License #SP44701

    Listing office Kelly Right Real Estate 13403 N Government Way, Spokane, ID

    Listing date Aug 7, 2025

    MLS# 25-8168

    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.

    Overview

    St. Maries Commercial Opportunity

    This commercial opportunity in St. Maries, Idaho, includes two properties at 68 and 104 Homer Drive, being sold together on 4.1 commercial acres. Located off Highway 3, the properties offer income-generating potential. 68 Homer Drive, situated on 1.9 acres, houses Performance Specialties, a local business operating for 42 years. The 3840-square-foot commercial building features a spacious shop area with a roll-up door, office and retail space with street frontage, and ample parking. It is suitable for boats, RVs, small engine, or specialty repair. 104 Homer Drive occupies 2.2 acres and includes a 5184-square-foot indoor storage building with gated outdoor storage for larger boats, campers, and RVs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Performance Specialties Speed ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Jim's Auto & Tire Pros — 69 Milwaukee Rd, St Maries, ID 83861
    • Dune's Industrial Painting — 29 Robinson Ln, St Maries, ID 83861
    • Mill Town Tire Co — 22 Bailey St, St Maries, ID 83861
    • St. Joe Truck Service and Repair — 91 Borgman Ln, St Maries, ID 83861
    • Jay's Towing — 733 S 2nd St, St Maries, ID 83861

    Location Insight

    • Map
    • Local Demand
    City
    St Maries
    County
    Benewah
    State
    Idaho
    Longitude
    -116.550551
    Latitude
    47.314636

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    FAQs

    What type of property is this?
    Auto shop - Two income-generating properties on 4.1 acres in St. Maries, ID.
    Where is this auto shop located?
    The property is located at 68 and 104 Homer Drive St Maries, ID.
    What is the asking price?
    The asking price for this property is $969,000.
    What are key features of this property?
    This property features: Two income‑generating commercial properties (68 and 104 Homer Drive) on 4.1 acres.; 68 Homer Drive: 3840 sq ft commercial building with shop, office, retail space, and ample parking.; 104 Homer Drive: 5184 sq ft indoor storage building with gated outdoor storage for boats, campers, and RVs.
    (208) 691-0781
    We can help!
    Listing Contact
    Laci St. John
    Real Estate License ID: SP44701
    Learn More
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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.

    More about this property
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