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    Medical Office Condo For Sale Title is generated by Realmo AI

    980 W Ironwood Dr, Coeur d Alene, ID 83814

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    Condo in Chinook Medical Building with direct exterior access.

    Type:OFFICE
    Property size:
    3,693 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $162/SF
    Added:
    Nov 10, 2022
    Days on Market:
    1312
    Last Refresh:
    Apr 5 at 8:10 pm

    Property Features for 980 W Ironwood Dr

    General Information

    Standard status
    Active
    Size
    3,693 SF
    Lot size
    0.34 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 980 W Ironwood Dr Contact us

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    Listing Contact
    Pat Eberlin
    Pat Eberlin

    Listing agent Pat Eberlin License #SP37348

    Listing office Kiemle Hagood

    Listing date Nov 10, 2022

    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 Kiemle Hagood

    HighLights

    • Direct exterior access, one of only two suites with this feature.
    • Located in the heart of the Ironwood Drive medical corridor.
    • Purchase includes a pro rata share of common area and its amenities.
    • Dedicated back‑up emergency power.
    • Fiber optic connection direct to KMC.
    • Underground parking stalls and large public parking lot.

    Overview

    A condominium unit is available for purchase in the Chinook Medical Building, situated in the Ironwood Drive medical corridor. Suite LL01, currently in "shell" condition, features direct exterior access. The four-level professional office building provides several amenities, including 24 underground parking stalls, a large public parking lot, a covered drive-thru entry, dedicated back-up emergency power, and a fiber optic connection directly to KMC. The purchase includes a pro rata share of the common area and its amenities. The property has a size of 3693 square feet.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $77.6k $21.00
    − Vacancy −$5.8k −$1.58
    EGI $71.7k $19.43
    − OpEx −$28.7k −$7.77
    NOI $43.0k $11.66
    3,693 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $614.9K
    $538.0K – $717.4K (±1% cap)
    NOI $43,042 @ 7.0% cap · market cap 7.19%
    Second Best
    Office B
    $571.4K
    $500.0K – $666.7K (±1% cap)
    NOI $40,001 @ 7.0% cap · market cap 6.68%
    Theoretical Best
    Office A
    $801.1K
    $701.0K – $934.6K (±1% cap)
    NOI $56,077 @ 7.0% cap · market cap 9.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Pamlpsc Medical Laboratory Pulse Heart Institute ... Physician Kootenai Clinic OBGYN ... Physician Dr. Mary A. Sanderson, ... Physician Beacon CancerCare: Samuels ... Physician

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Daycare Center Gym & Fitness Center Kitchen & Bath Showroom

    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
    -116.799
    Latitude
    47.6945

    FAQs

    What type of property is this?
    Medical Office Space - Condo in Chinook Medical Building with direct exterior access.
    Where is this medical office space located?
    The property is located at 980 W Ironwood Dr Coeur d Alene, ID.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Direct exterior access, one of only two suites with this feature.; Located in the heart of the Ironwood Drive medical corridor.; Purchase includes a pro rata share of common area and its amenities.
    (208) 215-1375 Call to check price and availability
    More about this property
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