Warehouse with Metal
For Sale
$440,000
Pending
105 E Spruce Ave, Coeur d Alene, ID 83814
COMMERCIAL - Coeur d'Alene, ID
Property Size1,974 SF
Lot Size0.17 Acres
Days on Market100
Property Features for 105 E Spruce Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CDA-C-17
Subdivision
Sherman Add To Cd'A
Lot features
Level
Directions
GOVERNMENT WAY TO SPRUCE AVE ON THE LEFT
Standard status
Pending
APN
C8190053999D
Size
1,974 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Sherman Add To Cda, S 150 Ft Of W 50 Ft Of Tax #4617 Block 53 1250N04w
Tax Annual Amount
1223
Legal Description
Sherman Add To Cda, S 150 Ft Of W 50 Ft Of Tax #4617 Block 53 1250N04w
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1967
Building materials
Aluminum Siding, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Best Choice Realty LLC
(509) 795-2029
Listed By:
Adam A Wilson · License #AB56860
(208) 783-7380
Added: May 15
Changed: Aug 12
Last Checked: Aug 21 at 11:06PM
MLS# 26-4965
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.
Warehouse opportunity at 105 E Spruce Ave, Coeur d'Alene, ID. The property is a 1,974 SF warehouse on a 0.17-acre parcel, built in 1967. Construction includes aluminum siding with framing, and the roof is metal. Heating is provided via natural gas and electric heat. Public utilities include public water and public sewer.
Zoned CDA-C-17, the building offers flexibility for commercial use. It’s located approximately 1.5 miles from retail, restaurants, services, and a major local destination that benefits from Coeur d'Alene growth and demand. The tenant is not to be disturbed.
This is a practical option for owner-users or investors looking for a smaller warehouse site within an established area.
Zoned CDA-C-17, the building offers flexibility for commercial use. It’s located approximately 1.5 miles from retail, restaurants, services, and a major local destination that benefits from Coeur d'Alene growth and demand. The tenant is not to be disturbed.
This is a practical option for owner-users or investors looking for a smaller warehouse site within an established area.
Key Highlights
- 1,974 SF warehouse on a 0.17‑acre parcel
- Zoned CDA‑C‑17
- Metal roof
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
$14,316
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
3.25%
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%
$286,320
$286.3K
Cap Rate 7%
$204,514
$204.5K
Cap Rate 9%
$159,067
$159.1K
Market Conditions
NOI Build-Up for 1,974 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
$17.8K $9.00/SF
− Vacancy
−$924 −$0.47/SF
EGI
$16.8K $8.53/SF
− OpEx
−$2.5K −$1.28/SF
NOI
$14.3K $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%
$286,320
Cap Rate 7%
$204,514
Cap Rate 9%
$159,067
Alternative Uses
Best Use
Warehouse
$204.5K
$179.0K – $238.6K
NOI $14,316 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$428.2K
$374.7K – $499.6K
NOI $29,975 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,984
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Self-Storage at U-Haul — 750 West Appleway Ave., Coeur d'Alene, ID 83814
Frequently Asked Questions
What type of property is this?
Warehouse - A 1,974 SF warehouse on a 0.17-acre parcel with public water and public sewer, zoned CDA-C-17.
Where is this warehouse located?
The property is located at 105 E Spruce Ave Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,974 SF warehouse on a 0.17‑acre parcel; Zoned CDA‑C‑17; Metal roof
