Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Coeur d'Alene Corner Lot Title is generated by Realmo AI

    1201 SHERMAN, Coeur d Alene, ID 83814

    View on Map
    Claim this Listing
    For Sale
    $1,079,999

    Corner lot available in Coeur d'Alene, Idaho.

    Added:
    Oct 7, 2025
    Days on Market:
    244
    Last Refresh:
    Mar 16 at 6:42 am

    Property Features for 1201 SHERMAN

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Anne Anderson
    Anne Anderson

    Listing agent Anne Anderson License #DB14297

    Listing office Lakeshore Realty

    Listing date Oct 7, 2025

    Source Evrealestate

    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 Lakeshore Realty

    HighLights

    • Corner lot location (12th & Sherman)
    • Natural Gas Heating
    • Enjoy Territorial, City, and Neighborhood Views
    • Paved Parking
    • Forced Air Heating
    • Built in 1970

    Overview

    Located at the corner of 12th and Sherman in Coeur d'Alene, Idaho, this commercial land is situated within Kootenai County. The property is designated for commercial real estate use.
    Location Intelligence

    Current Use by Public Records

    Idaho State Liquor ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Coeur d Alene
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.7689763
    Latitude
    47.6735906

    Nearby Similar for Sale

    • $995,000
      3,222 SF

      Updated Triplex with Attached Garages

      Updated single-level triplex with three units, attached 1-car garages, and month-to-month tenancy for flexible income management.
      4428 N Crown Ave, Coeur d'Alene, ID 83815
      View Details
    • $880,000
      7,884 SF

      Coeur d'Alene Commercial Opportunity

      Versatile property near dining, shopping, and downtown district.
      107 E Spruce Ave, Coeur d'Alene, ID 83814
      View Details
    • $290,000

      Established Restaurant in Coeur d'Alene

      Well-known restaurant with a strong community connection and proven concept.
      322 E Sherman Ave, Coeur d'Alene, ID 83814
      View Details
    • $795,000
      3,456 SF

      Remodeled Duplex in Midtown

      Fully remodeled duplex with rental income potential in Coeur d'Alene.
      1221 N 11th St, Coeur d'Alene, ID 83814
      View Details
    • $720,000
      3,132 SF

      Coeur d'Alene Commercial Building

      Mid-town commercial building with office space and parking.
      408 E MONTANA Ave, Coeur d'Alene, ID 83814
      View Details
    • $514,999
      1,177 SF

      Coeur d'Alene Craftsman Home

      Charming Craftsman home with separate living quarters in Coeur d'Alene.
      1070 N 1st St, Coeur d'Alene, ID 83814
      View Details
    • $799,000
      1,680 SF

      Coeur d'Alene Duplex Investment

      Duplex on 0.55-acre lot with US-95 frontage.
      500 W Twilight Ct, Coeur d'Alene, ID 83815
      View Details
    • $1,995,000
      40 SF

      Coeur d'Alene Lakefront Opportunity

      Rare waterfront lot with private dock and utilities.
      3555 S Azure Waves Drive, Coeur d'Alene, ID 83814
      View Details
    • $649,900
      2,724 SF

      Coeur d'Alene Duplex For Sale

      Duplex with long-term tenants in central Coeur d'Alene location.
      105 E Borah Ave, Coeur d'Alene, ID 83814
      View Details
    • $599,000
      3,693 SF

      Medical Office Condo For Sale

      Class A medical office condominium in the Ironwood Drive corridor.
      980 W IRONWOOD Dr, Coeur d'Alene, ID 83814
      View Details
    • $615,900
      1,344 SF

      Coeur d'Alene Commercial Property

      Unique commercial property with residential and multi-family potential.
      1813 N Government Way, Coeur d'Alene, ID 83814
      View Details
    • $629,000
      1,648 SF

      Coeur d'Alene Duplex on Large Lot

      Centrally located duplex with rental income potential near amenities.
      1024 E Woolsey Dr, Coeur d'Alene, ID 83814
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot available in Coeur d'Alene, Idaho.
    Where is this commercial land located?
    The property is located at 1201 SHERMAN Coeur d Alene, ID.
    What is the asking price?
    The asking price for this property is $1,079,999.
    What are key features of this property?
    This property features: Corner lot location (12th & Sherman); Natural Gas Heating; Enjoy Territorial, City, and Neighborhood Views
    (208) 660-4621
    We can help!
    Listing Contact
    Anne Anderson
    Anne Anderson
    Real Estate License ID: DB14297
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201 SHERMAN, Coeur d'Alene, ID 83814
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!