Flex Building with Secured
For Sale
$1,695,000
11945 N WARREN St, Hayden, ID 83835
Commercial Sale, Warehouse, Hayden, ID
Property Size8,461 SF
Lot Size0.75 Acres
Price / SF$200.33
Days on Market348
Property Features for 11945 N WARREN St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LightIndustrial
Exterior features
Sprinkler System
Lot features
Open Lot, Landscaped, Level
View
Territorial, City
Directions
Highway 95, west on Wyoming, north on Warren, building on west side of road.
Subdivision
03 - Hayden
Standard status
Active
APN
HL0350010030
Size
8,461 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WARREN K INDUSTRIAL PARK 6TH ADD, LT 3 BLK 1 1151N04W
Tax Annual Amount
4835
Legal Description
WARREN K INDUSTRIAL PARK 6TH ADD, LT 3 BLK 1 1151N04W
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
reception area
front desk
12 private offices
conference room
break area with kitchenette
three restrooms
secured rear yard with fencing and gated entry
Building Details
Year built
2017
Building materials
Steel Siding, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Windermere/Coeur d'Alene Realty Inc · Windermere Real Estate
(208) 664-9221
Listed By:
Mike Pearson · License #SP47795
(208) 770-6959
Added: Sep 26, 2025
Changed: Aug 19
Last Checked: Sep 8 at 8:06AM
MLS# 25-9819
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.
Investment Insights
Based on property information with market context.
This Light Industrial flex property combines a professional office component with practical warehouse space in a 8,461-square-foot building. The office area covers approximately 3,868 square feet and includes a reception area, 12 private offices, a conference room, break area with kitchenette, and three restrooms. The warehouse accounts for approximately 4,593 square feet. Stained concrete floors, alder wood doors and trim, and custom cabinetry provide durable interior finishes suited to daily commercial use.
The property occupies 0.75 acres with visibility from Hwy 95. A fenced rear yard with gated entry provides additional room for parking or storage. Building features include a metal roof, steel siding and frame construction, forced-air heating, sprinkler system, public water, and public sewer.
The property occupies 0.75 acres with visibility from Hwy 95. A fenced rear yard with gated entry provides additional room for parking or storage. Building features include a metal roof, steel siding and frame construction, forced-air heating, sprinkler system, public water, and public sewer.
Key Highlights
- 8,461 SF flex building with approximately 3,868 SF of office and 4,593 SF of warehouse
- Office layout includes 12 private offices, conference room, kitchenette, reception area, and three restrooms
- 0.75‑acre site with fenced rear yard and gated entry
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
$91,645
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
5.41%
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%
$1,832,900
$1.8M
Cap Rate 7%
$1,309,214
$1.3M
Cap Rate 9%
$1,018,278
$1.0M
Market Conditions
NOI Build-Up for 8,461 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
$147.2K $17.40/SF
− Vacancy
−$25.0K −$2.96/SF
EGI
$122.2K $14.44/SF
− OpEx
−$30.5K −$3.61/SF
NOI
$91.6K $10.83/SF
Area
Kootenai County, ID
Vacancy
17.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,832,900
Cap Rate 7%
$1,309,214
Cap Rate 9%
$1,018,278
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,645 @ 7.0% cap · market cap 5.41%
Second Best
Warehouse
$876.6K
$767.0K – $1.02M
NOI $61,361 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,479 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- The Long Trail Chuck Wagon — 808 W Mogul Loop Suite 201, Hayden, ID 83835, United States
Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial flex property combining finished office space with functional warehouse capacity and a gated rear yard.
Where is this flex space located?
The property is located at 11945 N WARREN St Hayden, ID.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 8,461 SF flex building with approximately 3,868 SF of office and 4,593 SF of warehouse; Office layout includes 12 private offices, conference room, kitchenette, reception area, and three restrooms; 0.75‑acre site with fenced rear yard and gated entry
