Hayden Flex/Industrial/Office
15223 N Government Way, Hayden, ID
For Sale
Contact for pricing
Versatile 5.91-acre property with modern office and warehouse buildings.
Property Size19,040 SF
Lot Size5.91 Acres
Price / SF$236.34
Days on Market353
Property Features for 15223 N Government Way
General Information
Standard status
Size
Lot size
Property subtype
Properties For Sale
at 15223 N Government Way
Industrial/Flex Site
AVAILABLE
Size
19,040 SF
Type
INDUSTRIAL
Lease Type
NNN
Located on Government Way with 890 feet of prime frontage along Highway 95, this exceptional 5.91-acre parcel in Hayden, Idaho, features a 7,040 SF office building and a 12,000 SF warehouse, both constructed in 2017. The office building, built with 2x6 stick frame construction, steel siding, and a steel roof, offers premium amenities, including high-speed fiber optic internet, a security alarm system, 13 private offices, conference room, breakroom, dual HVAC climate-controlled spaces, and single-phase 200-amp electrical service. The warehouse, constructed with steel and 8-inch-thick exterior walls, is designed for efficiency and durability, featuring R-30 insulation, R-21 fiberglass insulation, six 14x14-foot roll-up doors, gas heaters, a built-in pressure washer, and single-phase 400-amp electrical service. The property is meticulously designed and landscaped, with the north side of the lot fully fenced and secured, offering gravel storage. This versatile site is ideal for flex, industrial, or office use, combining modern construction with high-end functionality.
Contact us
Listing Agency:
Coldwell Banker Commercial
(208) 765-2222
Listed By:
Rob Kannapien · License ID SP26107
(208) 704-3832
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:04PM
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
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Investment Insights
Based on property information with market context.
This 5.91-acre parcel is located on Government Way in Hayden, Idaho, featuring 890 feet of frontage along Highway 95. The property includes a 7,040 square foot office building and a 12,000 square foot warehouse, both constructed in 2017. The office building features 2x6 stick frame construction, steel siding, and a steel roof. Interior amenities include high-speed fiber optic internet, a security alarm system, 13 private offices, a conference room, a breakroom, dual HVAC climate-controlled spaces, and single-phase 200-amp electrical service. The warehouse is constructed with steel and 8-inch-thick exterior walls, and includes R-30 insulation, R-21 fiberglass insulation, six 14x14-foot roll-up doors, gas heaters, a built-in pressure washer, and single-phase 400-amp electrical service. The north side of the lot is fully fenced and secured, offering gravel storage. The site is suitable for flex, industrial, or office use, combining modern construction with functionality.
Key Highlights
- Prime location on Government Way with 890 feet of frontage on Highway 95 in Hayden, Idaho.
- Includes a 7,040 SF office building and a 12,000 SF warehouse, both built in 2017.
- High‑end office amenities:** high‑speed fiber optic internet, security system, 13 private offices, conference room, and dual HVAC.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,232
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,124,640
$4.1M
Cap Rate 7%
$2,946,171
$2.9M
Cap Rate 9%
$2,291,467
$2.3M
Market Conditions
NOI Build-Up for 19,040 SF
Gross rent
$331.3K $17.40/SF
− Vacancy
−$56.3K −$2.96/SF
EGI
$275.0K $14.44/SF
− OpEx
−$68.7K −$3.61/SF
NOI
$206.2K $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 Rate 5%
$4,124,640
Cap Rate 7%
$2,946,171
Cap Rate 9%
$2,291,467
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,232 @ 7.0% cap · market cap 4.58%
Second Best
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,082 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$4.13M
$3.61M – $4.82M
NOI $289,119 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
23
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Well-served
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Market
Average Price Trend$/SF for Warehouses in Hayden, ID
Properties on Market for Warehouses in Hayden
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Highway 95 Storage — 14650 N Vernon J Baker Blvd, Rathdrum, ID 83858
- Store-It — 14855 N Government Wy, Hayden, ID 83835
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile 5.91-acre property with modern office and warehouse buildings.
Where is this warehouse located?
The property is located at 15223 N Government Way Hayden, ID.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Prime location on Government Way with **890 feet of frontage on Highway 95** in Hayden, Idaho.; Includes a **7,040 SF office building and a 12,000 SF warehouse**, both built in 2017.; High‑end office amenities:** high‑speed fiber optic internet, security system, 13 private offices, conference room, and dual HVAC.
