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 Market37
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: Sep 5
Last Checked: Sep 5 at 7:38AM
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 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 = 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
$57,176
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
6.50%
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%
$1,143,520
$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
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
$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 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%
$1,143,520
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
