Two-Building Warehouse
For Sale
Contact for pricing
108 E Hanley Ave, Dalton Gardens, ID 83815
Two-building commercial warehouse property totals 10,488 SF in Dalton Gardens.
Property Size10,488 SF
Price / SF$147.69
Days on Market181
Property Features for 108 E Hanley Ave
General Information
Standard status
Active
Size
10,488 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Kiemle Hagood
(208) 770-2590
Listed By:
Mary Kienbaum · License #SP52503
(208) 770-2589
Source:
Moodyscre
Added: Mar 12
Changed: Sep 2
Last Checked: Sep 8 at 6:18AM
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 Kiemle Hagood
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.
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 = 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
$76,061
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
4.91%
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%
$1,521,220
$1.5M
Cap Rate 7%
$1,086,586
$1.1M
Cap Rate 9%
$845,122
$845.1K
Market Conditions
NOI Build-Up for 10,488 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
$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 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%
$1,521,220
Cap Rate 7%
$1,086,586
Cap Rate 9%
$845,122
Alternative Uses
Best Use
Warehouse
$1.09M
$950.8K – $1.27M
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
NOI $159,258 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
