Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Coeur d'Alene Office/Medical Building Title is generated by Realmo AI

    1221 West Ironwood Drive, Coeur d Alene, ID 83814

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office/medical building in Coeur d'Alene's Ironwood Medical Corridor.

    Type:OFFICE
    Property size:
    2,688 SF
    Lot size:
    2.27 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    116
    Last Refresh:
    Apr 5 at 8:13 pm

    Property Features for 1221 West Ironwood Drive

    General Information

    Standard status
    Active
    Size
    2,688 SF
    Lot size
    2.27 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Rob Kannapien
    Rob Kannapien

    Listing agent Rob Kannapien License #SP26107

    Listing office Coldwell Banker Commercial

    Listing date Jan 27, 2026

    Source Moodyscre

    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 Coldwell Banker Commercial

    HighLights

    • Located in Coeur d'Alene’s Ironwood Medical Corridor.
    • Multi‑tenant professional office/medical building.
    • Close proximity to Northwest Blvd, Highway 95, Riverstone Village, and Kootenai Health Campus.
    • Plenty of parking available.
    • Good tenant mix.
    • Full‑service leases (excluding interior janitorial).

    Overview

    This multi-tenant professional office and medical building is situated within Coeur d'Alene’s Ironwood Medical Corridor, conveniently located between Northwest Boulevard and Highway 95, Riverstone Village, and the Kootenai Health Campus. The building provides ample parking and a mix of tenants. Leases are full service, excluding the tenant's interior janitorial. The property offers 2688 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Blue Coffee ... Cafe & Coffee Shop Evans Insurance Insurance Agency Webbzie Marketing & Advertising Heritage Health - 1221 ... Health Care Facility Auburn Crest Hospice Nursing Home

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Auto Parts Store

    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
    -116.803
    Latitude
    47.6981

    Nearby Similar for Lease

    • $18 SF/Yr
      15,000 SF

      Coeur d'Alene Office/Retail Space

      Class B office/retail space in midtown Coeur d'Alene.
      1621 N 3rd St, Coeur d'Alene, ID 83814
      View Details
    • $2,670/Mo
      6,250 SF

      Coeur d'Alene Athletic Facility Space

      Class A commercial space ideal for fitness and wellness operators.
      3330 Grandmill Lane, Coeur d'Alene, ID 83814
      View Details
    • $12 SF/Yr
      12,682 SF

      Versatile Property with Cooler

      Office, showroom, and warehouse space with walk-in cooler.
      Coeur d'Alene, ID 83815
      View Details
    • $16 SF/Yr
      2,277 SF

      Coeur d’Alene Commercial Space

      Renovated commercial space in desirable Coeur d’Alene location.
      129 E Poplar Ave, Coeur D Alene, ID
      View Details
    • $7,850/Mo
      5,500 SF

      Downtown Coeur d'Alene Restaurant Sublease

      Restaurant space with full equipment package in downtown Coeur d'Alene.
      309 E Lakeside Ave, Coeur D Alene, ID 83814
      View Details
    • $1,500/Mo
      1,080 SF

      Warehouse with Office For Lease

      Warehouse with 1080 SF office space available for lease.
      6055 Government Way, Coeur d'Alene, ID 83815
      View Details
    • $0.55 SF/Yr
      5,463 SF

      Coeur d'Alene Warehouse Space

      Warehouse, office, and secure outdoor storage near I-90.
      Coeur d'Alene, ID 83814
      View Details
    • $1.25 SF/Yr
      4,628 SF

      Downtown Coeur d'Alene Commercial Building

      4,628 SF commercial building in downtown Coeur d'Alene.
      1123 E Sherman Ave, Coeur d'Alene, ID
      View Details
    • $18 SF/Yr
      5,688 SF

      Standalone Building with Ample Parking

      High-quality building in central location with excellent curb appeal.
      Coeur d'Alene, ID 83815
      View Details
    • $1.75 SF/Yr
      1,150 SF

      Coeur d'Alene Retail Space

      Retail space for lease in Coeur d'Alene with highway frontage.
      296 W Sunset Ave, Coeur d'Alene, ID
      View Details
    • $13 SF/Yr
      1,500 SF

      New Office/Warehouse Building For Rent

      New 1,500 SF office/warehouse units with I-90 visibility.
      4687 W Seltice Way, Coeur d'Alene, ID
      View Details
    • $12 SF/Yr
      4,750 SF

      Retail Space with Highway Frontage

      Retail space with excellent visibility and easy highway access.
      6235 N Sunshine St, Coeur d'Alene, ID
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professional office/medical building in Coeur d'Alene's Ironwood Medical Corridor.
    Where is this medical office space located?
    The property is located at 1221 West Ironwood Drive Coeur d Alene, ID.
    What are key features of this property?
    This property features: Located in Coeur d'Alene’s Ironwood Medical Corridor.; Multi‑tenant professional office/medical building.; Close proximity to Northwest Blvd, Highway 95, Riverstone Village, and Kootenai Health Campus.
    (208) 704-3832 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rob Kannapien
    Rob Kannapien
    Real Estate License ID: SP26107
    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
    1221 West Ironwood Drive, Coeur d'Alene, ID
    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!