Single-Story Office
For Sale
Contact for pricing
1038 Northwest Blvd, Coeur d Alene, ID 83814
Built-out professional workspace with private offices, reception, conference room, and on-site parking.
Property Size5,360 SF
Lot Size1.03 Acres
Price / SF$353.54
Days on Market28
Property Features for 1038 Northwest Blvd
General Information
Standard status
Active
Size
5,360 SF
Lot size
1.03 Acres
Property subtype
OFFICE
Building Details
Buildings
1
Stories
1
Listing Agency:
Kiemle Hagood
(208) 770-2590
Listed By:
Pat Eberlin · License #37348
(208) 215-1375
Source:
Moodyscre
Added: Aug 25
Changed: Sep 19
Last Checked: Sep 20 at 8:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiemle Hagood
Investment Insights
Based on property information with market context.
This 5,360-square-foot office building occupies approximately 1.03 acres at 1038 Northwest Blvd in Coeur d'Alene. The single-level layout is configured for professional use, with private offices, open work areas, a reception zone, conference room, breakroom, restrooms, and storage. Signage and parking are included as part of the property improvements.
The property is situated near downtown Coeur d'Alene, providing a central setting for an office user. Its existing configuration offers a combination of enclosed workspaces and shared areas within one floor, supporting a range of administrative or professional office operations.
The property is situated near downtown Coeur d'Alene, providing a central setting for an office user. Its existing configuration offers a combination of enclosed workspaces and shared areas within one floor, supporting a range of administrative or professional office operations.
Key Highlights
- 5,360‑square‑foot office building on approximately 1.03 acres
- Single‑level configuration with private offices and open work areas
- Reception area, conference room, breakroom, restrooms, and storage
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
$58,057
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
3.06%
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%
$1,161,140
$1.2M
Cap Rate 7%
$829,386
$829.4K
Cap Rate 9%
$645,078
$645.1K
Market Conditions
NOI Build-Up for 5,360 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
$93.3K $17.40/SF
− Vacancy
−$15.9K −$2.96/SF
EGI
$77.4K $14.44/SF
− OpEx
−$19.4K −$3.61/SF
NOI
$58.1K $10.83/SF
Area
Kootenai County, ID
Vacancy
17.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,161,140
Cap Rate 7%
$829,386
Cap Rate 9%
$645,078
Alternative Uses
Best Use
Office B
$829.4K
$725.7K – $967.6K
NOI $58,057 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,391 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Built-out professional workspace with private offices, reception, conference room, and on-site parking.
Where is this office building located?
The property is located at 1038 Northwest Blvd Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 5,360‑square‑foot office building on approximately 1.03 acres; Single‑level configuration with private offices and open work areas; Reception area, conference room, breakroom, restrooms, and storage
