C-17 Zoned Flex
For Sale
$880,000
Pending
107 Spruce, Coeur d Alene, ID 83814
A paved commercial setting near downtown, dining, shopping, entertainment, and the waterfront.
Property Size7,884 SF
Days on Market78
Property Features for 107 Spruce
General Information
Standard status
Pending
Size
7,884 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,509
Amenities
Garage: Paved
3.00
Paved
Building Details
Year Built
1973
Listing Agency:
Best Choice Realty LLC
Listed By:
Adam A Wilson · License #AB56860
(208) 783-7380
Source:
Clearwaterproperties
Added: Aug 1
Changed: Oct 16
Last Checked: Oct 16 at 5:16AM
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
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Investment Insights
Based on property information with market context.
This flex-space property includes 7,884 square feet of building area on a 0.34-acre parcel. Built in 1973, the building carries a C-17 zoning designation and is accompanied by paved exterior improvements.
The property is located at 107 Spruce in Coeur d'Alene, with dining, shopping, entertainment, the waterfront, and downtown described as nearby. An existing tenant is in place; showings should not disturb the tenant.
The property is located at 107 Spruce in Coeur d'Alene, with dining, shopping, entertainment, the waterfront, and downtown described as nearby. An existing tenant is in place; showings should not disturb the tenant.
Key Highlights
- 7,884 sqft building on a 0.34‑acre parcel
- C‑17 zoning designation
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,176
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,520
$1.1M
Cap Rate 7%
$816,800
$816.8K
Cap Rate 9%
$635,289
$635.3K
Market Conditions
NOI Build-Up for 7,884 SF
Gross rent
$71.0K $9.00/SF
− Vacancy
−$3.7K −$0.47/SF
EGI
$67.3K $8.53/SF
− OpEx
−$10.1K −$1.28/SF
NOI
$57.2K $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 Rate 5%
$1,143,520
Cap Rate 7%
$816,800
Cap Rate 9%
$635,289
Alternative Uses
Best Use
Warehouse
$816.8K
$714.7K – $952.9K
NOI $57,176 @ 7.0% cap · market cap 6.50%
Second Best
Industrial
$672.7K
$588.6K – $784.8K
NOI $47,086 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,717 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,984
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A paved commercial setting near downtown, dining, shopping, entertainment, and the waterfront.
Where is this flex space located?
The property is located at 107 Spruce Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 7,884 sqft building on a 0.34‑acre parcel; C‑17 zoning designation; Built in 1973
