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    Rathdrum Commercial Condo For Sale Title is generated by Realmo AI

    13616 W Highway 53, Rathdrum, ID 83858

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    For Sale
    $385,000

    COMMERCIAL - Rathdrum, ID

    Property size:
    1,800 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $213/SF
    Added:
    May 21, 2026
    Days on Market:
    3
    Last Refresh:
    May 23 at 10:06 am

    Property Features for 13616 W Highway 53

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Interior features
    Cable Internet Available, 3 Phase Power
    Exterior features
    Lighting, Handicap Access, Lawn, Sprinkler System
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    RL91100A0040
    Size
    1,800 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Unit 4A Land of the Free Condominiums, Recorded in Book L Page 911 of Plats
    Tax Annual Amount
    1095

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Other (Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    2024
    Building materials
    Steel Siding, Steel Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Stan Groves

    Listing agent Stan Groves License #SP23559

    Listing office EXP Realty 1653 E Braemere, Boise, ID

    Listing date May 21, 2026

    MLS# 26-5206

    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.

    HighLights

    • 1,800 SQFT industrial zoned commercial condo ideal for contractors, retail, or service users.
    • Convenient access to Highway 53 and Highway 41.
    • Features a 14' insulated roll‑up door with opener and 6'' concrete floors.
    • 3‑phase power and natural gas stubbed to the unit.
    • Low $165/mo HOA covers landscaping, snow removal, building insurance, exterior lighting, and garbage service.
    • Rigid steel construction with high insulation values (R36 roof, R25 walls).

    Overview

    This 1,800 square foot industrial zoned commercial condo is located at the Land of the Free Commercial Condominiums on Highway 53 in Rathdrum. It is suitable for contractors, retail, or service users. The property features rigid steel construction, a private ADA restroom, and a 14-foot insulated roll-up door with opener. It also includes 3-phase power, high bay lighting, R36 roof insulation, R25 exterior wall insulation, insulated demising walls, and 6-inch concrete floors. Natural gas is stubbed to the unit, offering potential for office or loft buildout. The $165 per month HOA fee covers landscaping, snow removal, building insurance, exterior lighting, and garbage service. The property offers convenient access to Highway 53 and Highway 41. The property's intended use is commercial.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $216.6K
    NOI $19,497 @ 9.00% cap · cautious / downside scenario
    Moderate
    $278.5K
    NOI $19,497 @ 7.00% cap · market / base-case scenario
    Aggressive
    $389.9K
    NOI $19,497 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $31.3k $17.40
    − Vacancy −$5.3k −$2.96
    EGI $26.0k $14.44
    − OpEx −$6.5k −$3.61
    NOI $19.5k $10.83
    1,800 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $278.5K
    $243.7K – $325.0K (±1% cap)
    NOI $19,497 @ 7.0% cap · market cap 5.06%
    Second Best
    Retail
    $259.2K
    $226.8K – $302.4K (±1% cap)
    NOI $18,144 @ 7.0% cap · market cap 4.71%
    Theoretical Best
    Office A
    $390.5K
    $341.7K – $455.6K (±1% cap)
    NOI $27,333 @ 7.0% cap · market cap 7.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Rathdrum
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.907
    Latitude
    47.8426

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    FAQs

    What type of property is this?
    Flex space - 1,800 SF industrial condo ideal for contractors, retail, or service.
    Where is this flex space located?
    The property is located at 13616 W Highway 53 Rathdrum, ID.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: 1,800 SQFT industrial zoned commercial condo ideal for contractors, retail, or service users.; Convenient access to Highway 53 and Highway 41.; **Features a 14' insulated roll‑up door with opener and 6'' concrete floors.**
    (208) 659-7263
    We can help!
    Listing Contact
    Stan Groves
    Real Estate License ID: SP23559
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    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
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