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    15223 N Government Way Hayden, ID 83835

    Sponsored
    For Sale
    $5,995,000

    COMMERCIAL - Hayden, ID

    Property size:
    7,040 SF
    Lot size:
    5.91 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 26 at 11:06 am

    Property Features for 15223 N Government Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Zoning
    COM
    APN
    52N04W352320
    Interior features
    Cable Internet Available, 3 Phase Power, Handicap Restrooms, Phone Prewired
    Exterior features
    Lighting, Lawn, Sprinkler System
    Basement
    Unfinished
    Accessibility
    Accessible Approach with Ramp
    Size
    7,040 SF
    Lot size
    5.91 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2017
    Building materials
    Steel Siding, Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Rob Kannapien

    Coldwell Banker Schneidmiller (208) 664-1461

    Listing agent Rob Kannapien (208) 704-3832 License #SP26107

    Listing date Jan 15, 2026

    MLS# 25-7285

    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.

    Learn more

    Property Insight Report

    Overview

    Hayden, ID Commercial Property

    Located on Government Way in Hayden, Idaho, this 5.91-acre parcel features 890 feet of frontage along Highway 95. The property includes a 7,040 square foot office building and a 12,000 square foot warehouse, both constructed in 2017. The office building features 2x6 stick frame construction, steel siding, and a steel roof. Amenities include high-speed fiber optic internet, a security alarm system, 13 private offices, a conference room, a breakroom, dual HVAC climate-controlled spaces, and single-phase 200-amp electrical service. The warehouse is constructed with steel and 8-inch-thick exterior walls, and includes R-30 insulation, R-21 fiberglass insulation, six 14x14-foot roll-up doors, gas heaters, a built-in pressure washer, and single-phase 400-amp electrical service. The north side of the lot is fully fenced and secured, offering gravel storage. The site is suitable for flex, industrial, or office use, combining modern construction with functionality.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NW Spray Foam ... Insulation Contractor CDA Structures Inc General Contractor HRCR Hobby Store Lincoln Excavating Excavating Contractor

    Suggested Use

    Law Firm Building Supply Gym & Fitness Auto Repair Shop Department Store HVAC Service Cafe & Coffee Shop Storage Facility Pet Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayden
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.78693
    Latitude
    47.811221

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    FAQs

    What type of property is this?
    Flex space - 5.91-acre commercial property with office and warehouse buildings.
    Where is this flex space located?
    The property is located at 15223 N Government Way Hayden, ID.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - Prime location on Government Way with 890 feet of frontage along Highway 95 in Hayden, Idaho.; - Includes a modern 7,040 SF office building and a 12,000 SF warehouse, both built in 2017.; - Office building features premium amenities such as high-speed fiber optic internet, a security system, 13 private offices, and dual HVAC.
    (208) 704-3832
    Request Owner's contact information
    15223 N Government Way Hayden, ID 83835
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    Hayden, ID 83835
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15223 N Government Way Hayden, ID 83835
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    We can help!
    Listing Contact
    Rob Kannapien
    Real Estate License ID: SP26107
    (208) 704-3832
    Learn more
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