Listing Agency: Kiemle Hagood Show Phone

Listed By: Mary Kienbaum · License #IDCO52572 Show Phone

Source: Moodyscre

Added: Mar 12 Changed: Oct 25 Last Checked: Oct 26 at 6:33PM

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Investment Insights

Based on property information with market context.

For sale at 108 E Hanley Ave in Dalton Gardens, this two-building warehouse property totals 10,488 SF and offers a versatile setup for an owner-user or investment. The site includes two separate buildings, giving flexibility in how space can be allocated and managed.

The property is described as centrally located in Dalton Gardens and positioned just a few blocks from Silver Lake Mall and Highway 95, supporting convenient access to the surrounding area. Public remarks also note strong visibility and high traffic counts near the site.

As a warehouse-oriented asset with two buildings on one site, the property can be considered for businesses seeking dedicated space in a consolidated footprint.

Key Highlights

• Two‑building commercial warehouse property totals 10,488 SF in Dalton Gardens
• Owner‑user or investment opportunity with both buildings included in the total SF
• Centrally located just a few blocks from Silver Lake Mall and Highway 95

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,061

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,521,220 $1.5M

Cap Rate 7%

$1,086,586 $1.1M

Cap Rate 9%

$845,122 $845.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,488 SF

Gross rent

$94.4K $9.00/SF

− Vacancy

−$4.9K −$0.47/SF

EGI

$89.5K $8.53/SF

− OpEx

−$13.4K −$1.28/SF

NOI

$76.1K $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%

$1,521,220

Cap Rate 7%

$1,086,586

Cap Rate 9%

$845,122

Alternative Uses

Best Use

Warehouse

$1.09M

$950.8K – $1.27M (±1% cap)

NOI $76,061 @ 7.0% cap · market cap 4.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.28M

$1.99M – $2.65M (±1% cap)

NOI $159,258 @ 7.0% cap · market cap 10.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Pharmacy Locksmith Daycare Center Catering Service Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

696

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 83815, ID

39,412

Population

17,031

Households

2.3

Avg Household Size

39

Median Age

33%

College-Educated

96%

High-School Grad

15.6 sq mi

ZIP Area

2,526

Density / Sq Mi

$77,139

Median Household Income

$39,257

Median Earnings

$1,445

Median Rent

$472,300

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Similar Off Market Nearby

• Elite Condo Storage — 119 W Clayton Ave, Coeur d'Alene, ID 83815
• Dalton Square Storage — 5284, 710 W Dalton Ave suite b, Coeur d'Alene, ID 83815
• Coeur D'Alene Rent-A-Space — 5959 N Government Wy, Coeur d'Alene, ID 83815
• Dalton Storage — 5832 N Government Wy, Dalton Gardens, ID 83815
• Advanced Storage Center — 6215 N Government Wy, Coeur d'Alene, ID 83815

Frequently Asked Questions

What type of property is this?

Warehouse - Two-building commercial warehouse property totals 10,488 SF in Dalton Gardens.

Where is this warehouse located?

The property is located at 108 E Hanley Ave Dalton Gardens, ID.

What is the asking price?

The asking price for this property is $1,549,000.

What are key features of this property?

This property features: Two‑building commercial warehouse property totals 10,488 SF in Dalton Gardens; Owner‑user or investment opportunity with both buildings included in the total SF; Centrally located just a few blocks from Silver Lake Mall and Highway 95