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    Post Falls Commercial Building Title is generated by Realmo AI

    706 E 3rd Ave, Post Falls, ID 83854

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    Pending
    $749,000

    COMMERCIAL - Post Falls, ID

    Property size:
    3,480 SF
    Lot size:
    0.29 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    148
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 706 E 3rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Post Falls-SC4-
    Bathrooms
    1
    Rooms
    Bathroom 1
    Security features
    Security System
    Interior features
    High Speed Internet, Satellite, Phone Prewired, Tile/Stone Flooring
    Exterior features
    Lighting, Handicap Access, Lawn, Sprinkler System
    Basement
    None
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Pending
    APN
    P6900029007A
    Size
    3,480 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Post Falls, Lts 7,8, 9 Block 29 Pf Downtown Urd 2022 0350N05w
    Tax Annual Amount
    2161

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Ductless (Heating), Electric (Heating), Baseboard, Forced Air
    Water source
    Public

    Building Details

    Year built
    2002
    Building materials
    Steel Siding, Pole
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Andrew Owens
    Andrew Owens

    Listing agent Andrew Owens License #SP30071

    Listing office Keller Williams Realty Coeur d'Alene 3931 N Schreiber Way, Coeur d 039 Alene, ID

    Listing date Jan 7, 2026

    MLS# 26-233

    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.

    HighLights

    • Prime commercial building opportunity in Post Falls.
    • Warehouse with 12' doors and drive‑through alley access.
    • Granite reception area and tiled bathroom offer a professional touch.
    • Security system included.
    • Paved parking and handicap access.
    • High speed internet and prewired phone lines.

    Overview

    This commercial building is located in Post Falls. The property includes a granite reception area, slate entry, office space, and a tiled bathroom. The warehouse area features 12' doors with drive-through access to the alley. Additional features include a security system, oil/water separator, sidewalks, and paved parking. The lot size is 0.29 acres. The building has 3,480 square feet of space. The zoning is Post Falls-SC4-.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $60.6k $17.40
    − Vacancy −$10.3k −$2.96
    EGI $50.3k $14.44
    − OpEx −$12.6k −$3.61
    NOI $37.7k $10.83
    3,480 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $538.5K
    $471.2K – $628.2K (±1% cap)
    NOI $37,694 @ 7.0% cap · market cap 5.03%
    Second Best
    Warehouse
    $360.5K
    $315.5K – $420.6K (±1% cap)
    NOI $25,238 @ 7.0% cap · market cap 3.37%
    Theoretical Best
    Office A
    $754.9K
    $660.5K – $880.7K (±1% cap)
    NOI $52,843 @ 7.0% cap · market cap 7.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    A Body Shop Auto Repair Shop KJ Customs Auto Car Wash

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Ross Point Mini Storage — 3856 E 12th Ave, Post Falls, ID 83854

    Location Insight

    • Map
    • Local Demand
    City
    Post Falls
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.938353
    Latitude
    47.707856

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    FAQs

    What type of property is this?
    Warehouse - Commercial building in Post Falls with warehouse and office space.
    Where is this warehouse located?
    The property is located at 706 E 3rd Ave Post Falls, ID.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Prime commercial building opportunity in Post Falls.; Warehouse with **12' doors and drive‑through alley access**.; **Granite reception area and tiled bathroom** offer a professional touch.
    (208) 704-3330
    We can help!
    Listing Contact
    Andrew Owens
    Andrew Owens
    Real Estate License ID: SP30071
    Request Owner's contact information
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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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