Mixed-Use Property with Rental
For Sale
$549,000
11028 N GOVERNMENT Way, Hayden, ID 83835
Commercial Sale, Multi Level, Hayden, ID
Property Size1,921 SF
Lot Size1.81 Acres
Price / SF$285.79
Days on Market699
Property Features for 11028 N GOVERNMENT Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed use/Multi
Rooms
Basement
Basement
Finished
Lot features
Level, Wooded
View
City
Directions
Between E Tracker Ln and E Jadynn Ct
Subdivision
03 - Hayden
Standard status
Active
APN
H045013013AK
Size
1,921 SF
Lot size
1.81 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
AVONDALE, S 1/4-TR 13 EX N 99 FT-W 220 FT EX R/W HAYDEN URD BASE YR 2005 1351N04W
Tax Annual Amount
2023
Legal Description
AVONDALE, S 1/4-TR 13 EX N 99 FT-W 220 FT EX R/W HAYDEN URD BASE YR 2005 1351N04W
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1969
Building materials
T1-11, Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Realty One Group Eclipse
(208) 578-6192
Listed By:
Ginger Anderson · License #SP47084
(208) 704-1921
Added: Nov 20, 2024
Changed: Oct 8
Last Checked: Oct 20 at 4:06PM
MLS# 24-10799
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property occupies 1.81 acres and includes a 1,921-square-foot building constructed in 1969. The two-level layout includes a basement, while frame construction, T1-11 siding, a composition roof, forced-air and electric heating, and natural gas service define the existing improvements. The property is currently used for rental income and is zoned Mixed use/Multi, supporting the stated mixed-use and residential positioning.
Public water and public sewer serve the site. The property is located near a sushi restaurant and adjacent to new townhomes, providing established nearby development within the surrounding setting. Its current configuration offers an existing income-producing use alongside the broader residential and mixed-use possibilities identified for the property.
Public water and public sewer serve the site. The property is located near a sushi restaurant and adjacent to new townhomes, providing established nearby development within the surrounding setting. Its current configuration offers an existing income-producing use alongside the broader residential and mixed-use possibilities identified for the property.
Key Highlights
- 1.81‑acre mixed‑use property in Hayden, ID
- 1,921‑square‑foot building constructed in 1969
- Currently used for rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,098
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,960
$402.0K
Cap Rate 7%
$287,114
$287.1K
Cap Rate 9%
$223,311
$223.3K
Market Conditions
NOI Build-Up for 1,921 SF
Gross rent
$34.6K $18.00/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$32.2K $16.74/SF
− OpEx
−$12.1K −$6.28/SF
NOI
$20.1K $10.46/SF
Area
Kootenai County, ID
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,960
Cap Rate 7%
$287,114
Cap Rate 9%
$223,311
Alternative Uses
Best Use
Mixed Use
$287.1K
$251.2K – $335.0K
NOI $20,098 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$231.8K
$202.8K – $270.4K
NOI $16,226 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$416.7K
$364.6K – $486.2K
NOI $29,170 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level mixed-use property with residential flexibility and public water and sewer service.
Where is this mixed-use property located?
The property is located at 11028 N GOVERNMENT Way Hayden, ID.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1.81‑acre mixed‑use property in Hayden, ID; 1,921‑square‑foot building constructed in 1969; Currently used for rental income
