Zoned C-17 Warehouse for
For Sale
$440,000
Pending
105 Spruce, Coeur d Alene, ID 83814
Versatile 1,974 sq ft warehouse on a 0.17-acre parcel, zoned C-17, with tenant occupancy—schedule showings accordingly.
Property Size1,974 SF
Lot Size0.17 Acres
Days on Market101
Property Features for 105 Spruce
General Information
Standard status
Pending
Size
1,974 SF
Lot size
0.17 Acres
Property subtype
Commercial
Zoning
C-17
Taxes and HOA fees
Annual Taxes
$1,223
Amenities
Garage: Paved
0.00
Paved
Building Details
Year Built
1967
Listing Agency:
Best Choice Realty LLC
Listed By:
Adam A Wilson · License #AB56860
(208) 783-7380
Source:
Clearwaterproperties
Added: Jun 1
Changed: Sep 8
Last Checked: Sep 8 at 4:08AM
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 Best Choice Realty LLC
Investment Insights
Based on property information with market context.
This for-sale warehouse totals 1,974 square feet and sits on a 0.17-acre parcel. The property is zoned C-17, offering flexibility for businesses evaluating warehouse space alongside potential commercial uses tied to that zoning designation. The space is presented as an affordable warehouse opportunity and is intended to support a range of business needs, including owner-operator occupancy.
The property is located at 105 E Spruce Ave in Coeur d'Alene, Idaho, and is described as centrally located within North Idaho’s fastest-growing market. It is approximately 1.5 miles from nearby retail, restaurants, and services, with proximity to a major area destination that continues to benefit from the region’s growth and demand. Please note the instruction: do not disturb the tenant.
With zoning C-17 and a modest parcel size, this warehouse may fit tenants or buyers looking for a workable footprint for storage, light industrial, or other commercial uses that align with C-17 requirements. It may also be considered by owner-users who want to occupy the building while retaining flexibility for future business planning. Because the property is tenant-occupied, showings require coordination in advance.
The property is located at 105 E Spruce Ave in Coeur d'Alene, Idaho, and is described as centrally located within North Idaho’s fastest-growing market. It is approximately 1.5 miles from nearby retail, restaurants, and services, with proximity to a major area destination that continues to benefit from the region’s growth and demand. Please note the instruction: do not disturb the tenant.
With zoning C-17 and a modest parcel size, this warehouse may fit tenants or buyers looking for a workable footprint for storage, light industrial, or other commercial uses that align with C-17 requirements. It may also be considered by owner-users who want to occupy the building while retaining flexibility for future business planning. Because the property is tenant-occupied, showings require coordination in advance.
Key Highlights
- 1,974 sq ft warehouse on a 0.17‑acre parcel
- Zoned C‑17, offering flexibility for commercial uses and expansion opportunities
- Year built: 1967
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
Industrial
$168.4K
$147.4K – $196.5K
NOI $11,790 @ 7.0% cap · market cap 2.68%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Coeur D'Alene Marine Sports Inc. — 1220 N Government Wy, Coeur d'Alene, ID 83814
- A Mini Storage On 3rd Street — 1851 N 3rd St, Coeur d'Alene, ID 83814
- Self-Storage at U-Haul — 750 West Appleway Ave., Coeur d'Alene, ID 83814
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile 1,974 sq ft warehouse on a 0.17-acre parcel, zoned C-17, with tenant occupancy—schedule showings accordingly.
Where is this warehouse located?
The property is located at 105 Spruce 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 sq ft warehouse on a 0.17‑acre parcel; Zoned C‑17, offering flexibility for commercial uses and expansion opportunities; Year built: 1967
