Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    961 N Armstrong Dr Coeur d Alene, ID 83814

    Sponsored
    For Sale
    Pending
    $235,000

    LAND - Coeur d'Alene, ID

    Lot size:
    0.30 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 5 at 8:06 am

    Property Features for 961 N Armstrong Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    RES
    APN
    C03220010080
    Lot size
    0.30 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Julie Paterson
    Julie Paterson

    Windermere/Coeur d'Alene Realty Inc (208) 664-9221

    Listing agent Julie Paterson (208) 277-4499 License #SP47587

    Listing date Jan 13, 2026

    MLS# 26-357 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Coeur d'Alene Treed Lot

    This is a partially treed lot located in the Armstrong Park neighborhood. The property is zoned for residential use. It is one of the few remaining lots available in this established neighborhood. The lot is 0.3 acres. The location is close to downtown, Silver Beach Marina, CDA Resort Golf Course, and Centennial Trail. The neighborhood has paved roads, city services, natural gas, and high-speed internet available. The Home Owners Association (HOA) fees are low and include access to a clubhouse, pool, pickleball courts, and gated RV/boat storage. This property presents an opportunity to build a dream home in a desired neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Big Box & Wholesale Store Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Coeur d Alene
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.742946
    Latitude
    47.666565

    Nearby Similar for Sale

    • New
      $725,000
      Pending

      Remodeled Duplex with Large Shop

      Spacious duplex with shop, remodeled in 2021 on .24-acre lot.
      N 5Th St, Coeur d Alene, ID 83815
      View Details
    • $749,000
      3,945 SF

      Remodeled Duplex with Large Shop

      Spacious duplex with shop in Coeur d'Alene's Midtown.
      N 5Th St, Coeur d Alene, ID 83815
      View Details
    • New
      $650,000
      1,488 SF

      Remodeled Homes Near Downtown

      Two remodeled homes on a prime lot near downtown.
      1105/1107 E Harrison Ave, Coeur d Alene, ID 83814
      View Details
    • New
      $1,100,000
      4,854 SF

      Coeur d'Alene Commercial Opportunity

      High-traffic mixed-use property ideal for retail, service, or development.
      2923 N Government Way, Coeur d Alene, ID 83815
      View Details
    • $1,200,000
      5,811 SF

      Coeur d'Alene Commercial Opportunity

      Commercial building in Kootenai Medical Health District, for sale/lease.
      950 W Ironwood Dr, Coeur d Alene, ID 83814
      View Details
    • New
      $849,995
      Pending

      Waterfront Lots on Lake Coeur

      Unique waterfront lots with development potential near Rockford Bay.
      S Watson Rd, Coeur d Alene, ID 83814
      View Details
    • $599,000
      Pending

      Updated Duplex in Prime Location

      Updated duplex with expansion potential in Coeur d'Alene.
      3910 N Belmont Rd, Coeur d Alene, ID 83815
      View Details
    • $150,000

      Established Retail Floral Shop For Sale

      Well-established retail floral shop with loyal customer base for sale.
      6848 N Government Way, Coeur d Alene, ID 83815
      View Details
    • New
      $720,000
      3,132 SF

      Coeur d'Alene Commercial Building

      Commercial building in Coeur d'Alene with office space.
      408 E Montana Ave, Coeur d Alene, ID 83814
      View Details
    • $539,000
      2,084 SF

      Coeur d'Alene Duplex with Views

      Well-maintained duplex near parks, schools, shopping, and I-90.
      1208/1210 E Gilbert Ave, Coeur d Alene, ID 83815
      View Details
    • $300,000

      Coeur d'Alene Marina Slip

      Marina slip ideal for pontoon, house, or sailboats.
      1100 E Lakeshore #E7 Dr, Coeur d Alene, ID 83814
      View Details
    • $1,013,000
      4,032 SF

      Coeur d'Alene Commercial Building

      Well-maintained commercial building near downtown Coeur d'Alene.
      1600 N Government Way, Coeur d Alene, ID 83814
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Partially treed lot in Armstrong Park neighborhood with many amenities.
    Where is this residential land & home lot located?
    The property is located at 961 N Armstrong Dr Coeur d Alene, ID.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - Desirable Armstrong Park location in an established neighborhood.; - Low HOA fees with access to clubhouse, pool, pickleball courts, and gated RV/boat storage.; - Partially treed lot offering building flexibility.
    (208) 277-4499
    Request Owner's contact information
    961 N Armstrong Dr Coeur d Alene, ID 83814
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    961 N Armstrong Dr
    Coeur d Alene, ID 83814
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    961 N Armstrong Dr Coeur d Alene, ID 83814
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Julie Paterson
    Julie Paterson
    Real Estate License ID: SP47587
    (208) 277-4499
    Learn more
    Google sign-in failed. Please try again or use another login method.