Insulated Flex Space with Roll-Up
For Sale
$128,500
6829 W Seltice Way, Post Falls, ID 83854
Commercial Sale, Commercial Condo, Post Falls, ID
Property Size975 SF
Lot Size0.06 Acres
Price / SF$131.79
Days on Market15
Property Features for 6829 W Seltice Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Exterior features
Lighting
Fencing
Fenced
Basement
None
Lot features
Open Lot, Level
View
Territorial
Directions
W ON SELTICE TO STATELINE, GATED ON NORTH SIDE
Subdivision
02 - Post Falls
Standard status
Active
APN
TL5040077070
Size
975 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Stateline Garage Villas Project Amend No 1, Unit 707 Bldg 7 & Undiv Int In Common Area 0150N06w
Tax Annual Amount
428
Legal Description
Stateline Garage Villas Project Amend No 1, Unit 707 Bldg 7 & Undiv Int In Common Area 0150N06w
Utilities
Sewer type
Septic Tank
Water source
Public
Amenities
security cameras
gated entrance
key fob entry
secure exit gate
common bathrooms
hose bibs
Building Details
Year built
2021
Building materials
Aluminum Siding, Pole, Steel Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Windermere/Coeur d'Alene Realty Inc · Windermere Real Estate
(208) 664-9221
Listed By:
Nancy Johnson · License #SP26249
(208) 699-1860
Added: Aug 17
Changed: Aug 24
Last Checked: Aug 31 at 4:06PM
MLS# 26-8480
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 975-square-foot flex unit was built in 2021 and features an insulated roof and rear wall, a sloped ceiling, and a 14' x 14' insulated roll-up door with automatic opener and remotes. A separate man door provides additional access. Electrical improvements include 100-amp service, a 50-amp RV hookup, seven 110-volt outlets, and three 8' LED lights on each side of the unit. Natural gas is stubbed to the exterior rear wall for potential heater installation.
The property is located at 6829 W Seltice Way in Post Falls, just off I-90, with access to Spokane, Coeur D'Alene, and surrounding areas. The complex is fully fenced, illuminated, monitored by security cameras, and served by a key-fob entry gate with a secured rear exit. Owners also have access to two common bathrooms, including one with a shower, along with hose bibs throughout the complex during non-winter months.
The property is located at 6829 W Seltice Way in Post Falls, just off I-90, with access to Spokane, Coeur D'Alene, and surrounding areas. The complex is fully fenced, illuminated, monitored by security cameras, and served by a key-fob entry gate with a secured rear exit. Owners also have access to two common bathrooms, including one with a shower, along with hose bibs throughout the complex during non-winter months.
Key Highlights
- 975‑square‑foot flex unit built in 2021
- 14' x 14' insulated roll‑up door with automatic opener and remotes
- 100‑amp electrical service with 50‑amp RV hookup
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
$7,071
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
5.50%
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%
$141,420
$141.4K
Cap Rate 7%
$101,014
$101.0K
Cap Rate 9%
$78,567
$78.6K
Market Conditions
NOI Build-Up for 975 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
$8.8K $9.00/SF
− Vacancy
−$456 −$0.47/SF
EGI
$8.3K $8.53/SF
− OpEx
−$1.2K −$1.28/SF
NOI
$7.1K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$141,420
Cap Rate 7%
$101,014
Cap Rate 9%
$78,567
Alternative Uses
Best Use
Warehouse
$101.0K
$88.4K – $117.9K
NOI $7,071 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$83.2K
$72.8K – $97.1K
NOI $5,823 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$211.5K
$185.1K – $246.8K
NOI $14,805 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fenced flex space with controlled entry, dedicated electrical service, and a large roll-up door for commercial access.
Where is this flex space located?
The property is located at 6829 W Seltice Way Post Falls, ID.
What is the asking price?
The asking price for this property is $128,500.
What are key features of this property?
This property features: 975‑square‑foot flex unit built in 2021; 14' x 14' insulated roll‑up door with automatic opener and remotes; 100‑amp electrical service with 50‑amp RV hookup
