Veterinary Medical Office Corner
For Sale
$595,000
902 Lincoln Way, Coeur d Alene, ID 83814
COMMERCIAL - Coeur d'Alene, ID
Property Size2,700 SF
Lot Size0.19 Acres
Price / SF$220.37
Days on Market34
Property Features for 902 Lincoln Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CDA-C17
Rooms
Basement
Security features
Security System
Interior features
Handicap Facility, Handicap Restrooms, Phone Prewired, Tile/Stone Flooring
Exterior features
Lighting
Basement
None
Accessibility
Accessible Approach with Ramp
Subdivision
Forest Heights
Lot features
Sloped, Corner Lot
View
City, Territorial
Directions
Driving south on Highway 95, keep straight as it turns into Lincoln Way; building is on corner of Lincoln Way, Idaho Ave and Milwaukee Drive on the left.
Standard status
Active
APN
C3510006005A
Size
2,700 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Forest Heights, Lt 5 Block 6 Ex Rw 1450N04w
Tax Annual Amount
3567
Legal Description
Forest Heights, Lt 5 Block 6 Ex Rw 1450N04w
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Electric (Heating), Heat Pump (Heating)
Water source
Public
Building Details
Year built
1955
Building materials
T1-11, Cement Block, Concrete
Roof type
Rubber
Architectural style
Other
Listing Agency:
Kiemle Hagood
(208) 770-2590
Listed By:
Craig Hunter · License #AB23315
(208) 929-2929
Added: Jul 21
Changed: Aug 5
Last Checked: Aug 23 at 6:06AM
MLS# 26-7511
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.
Medical office space on a 0.19-acre corner lot, currently occupied by a veterinarian clinic. The 2,700 SF building was originally built in 1955 and has been remodeled several times. The current layout includes a reception area, two private exam rooms, a surgical area, and kennels, with accessible features including an accessible approach with ramp and handicap restrooms. Interior finishes include tile/stone flooring and the space is phone prewired.
Zoned CDA-C17, the property is served by public water and public sewer. Improvements include newer HVAC systems and a membrane roof, plus exterior lighting. The site offers paved parking with 10 parking stalls.
With the tenant scheduled to vacate in 2027 and relocate to a new building, the property also presents a potential expansion opportunity for a small duplex on excess land.
Zoned CDA-C17, the property is served by public water and public sewer. Improvements include newer HVAC systems and a membrane roof, plus exterior lighting. The site offers paved parking with 10 parking stalls.
With the tenant scheduled to vacate in 2027 and relocate to a new building, the property also presents a potential expansion opportunity for a small duplex on excess land.
Key Highlights
- 0.19‑acre corner lot zoned CDA‑C17
- 2,700 SF building originally built in 1955, remodeled several times
- Veterinarian clinic layout: reception, two exam rooms, surgical area, and kennels
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
$31,469
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
5.29%
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%
$629,380
$629.4K
Cap Rate 7%
$449,557
$449.6K
Cap Rate 9%
$349,656
$349.7K
Market Conditions
NOI Build-Up for 2,700 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
$56.7K $21.00/SF
− Vacancy
−$4.3K −$1.58/SF
EGI
$52.4K $19.43/SF
− OpEx
−$21.0K −$7.77/SF
NOI
$31.5K $11.66/SF
Area
Kootenai County, ID
Vacancy
7.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
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%
$629,380
Cap Rate 7%
$449,557
Cap Rate 9%
$349,656
Alternative Uses
Best Use
Healthcare Medical
$449.6K
$393.4K – $524.5K
NOI $31,469 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$585.7K
$512.5K – $683.3K
NOI $40,999 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
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.
Similar Off Market Nearby
- Lake City Pet Hospital — 902 Lincoln Wy, Coeur d'Alene, ID 83814
- Justin W. Roscoe, D.V.M — 1118 n 4th st, coeur d'alene, id 83814
- Pax Imaging, PLLC — #0, Coeur d'Alene, ID 83814
Frequently Asked Questions
What type of property is this?
Medical Office Space - A CDA-C17 corner lot medical office with reception, exam rooms, surgical area, kennels, and paved parking for 10.
Where is this medical office space located?
The property is located at 902 Lincoln Way Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 0.19‑acre corner lot zoned CDA‑C17; 2,700 SF building originally built in 1955, remodeled several times; Veterinarian clinic layout: reception, two exam rooms, surgical area, and kennels
