Mid-Town Office
For Sale
$720,000
Pending
408 E MONTANA AVE, Coeur d Alene, ID 83814
Office building with a lobby, multiple offices, bathrooms, and private paved off-street parking.
Property Size3,132 SF
Days on Market48
Property Features for 408 E MONTANA AVE
General Information
Standard status
Pending
Size
3,132 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,783
Amenities
Garage: Paved
0.00
Paved
Building Details
Year Built
1956
Listing Agency:
Coldwell Banker Schneidmiller Realty
Listed By:
Dustin Baertsch · License #AB40081
(208) 659-1434
Source:
Clearwaterproperties
Added: Jul 20
Changed: Sep 4
Last Checked: Sep 2 at 1:12PM
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 Schneidmiller Realty
Investment Insights
Based on property information with market context.
This mid-town office building is currently configured for office use, with a lobby and waiting room, a reception desk, multiple offices, and bathrooms. The property also includes a partially finished basement. Heating and cooling are provided by a forced-air furnace with central air conditioning.
The building is located just off 4th Street in Coeur d'Alene’s mid-town commercial corridor. It offers owned, private, paved off-street parking and multiple entrances, supporting convenient access for occupants and visitors.
With its established office layout and existing parking and entry points, the building is well suited for an owner-user or an investor looking for a commercial property in a central commercial area.
The building is located just off 4th Street in Coeur d'Alene’s mid-town commercial corridor. It offers owned, private, paved off-street parking and multiple entrances, supporting convenient access for occupants and visitors.
With its established office layout and existing parking and entry points, the building is well suited for an owner-user or an investor looking for a commercial property in a central commercial area.
Key Highlights
- Mid‑town Coeur d’Alene commercial office building built in 1956, just off 4th Street
- Interior features include a lobby/waiting room, reception desk, multiple offices, and bathrooms
- Owned, private paved off‑street parking with multiple entrances
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
$33,924
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
4.71%
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%
$678,480
$678.5K
Cap Rate 7%
$484,629
$484.6K
Cap Rate 9%
$376,933
$376.9K
Market Conditions
NOI Build-Up for 3,132 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
$54.5K $17.40/SF
− Vacancy
−$9.3K −$2.96/SF
EGI
$45.2K $14.44/SF
− OpEx
−$11.3K −$3.61/SF
NOI
$33.9K $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%
$678,480
Cap Rate 7%
$484,629
Cap Rate 9%
$376,933
Alternative Uses
Best Use
Office B
$484.6K
$424.1K – $565.4K
NOI $33,924 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$679.4K
$594.5K – $792.7K
NOI $47,559 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with a lobby, multiple offices, bathrooms, and private paved off-street parking.
Where is this office building located?
The property is located at 408 E MONTANA AVE Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Mid‑town Coeur d’Alene commercial office building built in 1956, just off 4th Street; Interior features include a lobby/waiting room, reception desk, multiple offices, and bathrooms; Owned, private paved off‑street parking with multiple entrances
