Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    15974 N Boise St Rathdrum, ID 83858

    View on Map
    Claim this Listing
    New
    For Sale
    $314,850

    LAND - Rathdrum, ID

    Lot size:
    1.15 Acres
    Added:
    May 5, 2026
    Days on Market:
    2
    Last Refresh:
    May 6 at 7:06 pm

    Property Features for 15974 N Boise St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rathdrum-R-3
    Exterior features
    Timber - Part
    Standard status
    Active
    APN
    R7600001999D
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    State Add To Rathdrum, N 135 Ft Of Block 1 Ex Rw 3652N05w
    Tax Annual Amount
    856

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Joel Pearl
    Joel Pearl

    Listing agent Joel Pearl License #DB29302

    Listing office Pearl Realty, LLC 9493 N Government Way, Hayden, ID

    Listing date May 5, 2026

    MLS# 26-4442 Listing URL

    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

    • 1.15 Acres ZONED R‑3 MULTI FAMILY offering development potential.
    • Drawings available for 3 buildings with a total of 9 units.
    • Potential for subdivision into individual lots for single‑family use.
    • Water, sewer, and electricity are all available at the property.
    • Natural gas is located within feet of the property.
    • Opportunity to build a dream home or develop multifamily units (duplexes, triplexes).

    Overview

    Rathdrum Land Development Opportunity

    This 1.15-acre property in Rathdrum, Idaho, presents a development opportunity. Zoned R-3, the land is suitable for multi-family development. Drawings are available that feature 3 buildings, with a total of 9 units. The property may be subdivided into individual lots for single family use, or multifamily lots for duplexes and triplexes. Rezoning for 4-plexes is another option, or the property can be used to build a single dream home. Water, sewer, and electricity are all available at the property, and natural gas is located within feet of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rathdrum
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.8954111
    Latitude
    47.8170973

    Nearby Similar for Sale

    • $2,100,000
      7,980 SF

      Rathdrum Commercial Building Investment

      Modern commercial building with high-end finishes and mountain views.
      8052 W Main St, Rathdrum, ID 83858
      View Details
    • $945,283

      Prime Rathdrum Commercial Corner Parcel

      1.6 acre corner parcel in high-growth area.
      16125 N CLOVERDALE St, Rathdrum, ID 83858
      View Details
    • $299,000

      Turnkey Restaurant on Highway 53

      Profitable restaurant in Rathdrum with high visibility and strong traffic.
      6613 W Commercial Park Ave, Rathdrum, ID 83858
      View Details
    • $99,900
      733 SF

      Versatile Commercial Storage Unit

      Commercial storage unit with security, flexibility, and investment potential.
      498 W GARWOOD Rd, Rathdrum, ID 83858
      View Details
    • $1,199,000
      5,172 SF

      Rathdrum Six-Plex with Updates

      Six-unit multifamily property in Rathdrum, ID with recent updates.
      7005 W Timberline St, Rathdrum, ID 83858
      View Details
    • $1,669,500
      5,600 SF

      Mixed-Use Building in Downtown Rathdrum

      5,600 sq ft mixed-use building with established tenants.
      7897 W Main St, Rathdrum, ID 83858
      View Details
    • $95,900
      733 SF

      Rathdrum Storage Unit For Sale

      16x48 storage unit with RV outlet and security system.
      498 W GARWOOD Rd, Rathdrum, ID 83858
      View Details
    • $110,000
      733 SF

      Rathdrum Storage Unit For Sale

      16x48 storage unit with RV outlet and security system.
      498 W GARWOOD Rd, Rathdrum, ID 83858
      View Details
    • $489,000

      Rathdrum Treed Lots with Utilities

      Approximately 5-acre lots with utilities near Highway 53.
      L15 B1 N Mountain View Rd, Rathdrum, ID 83858
      View Details
    • $647,000

      Rathdrum Car Wash Development Site

      Ready-to-build car wash site on Highway 41 in Rathdrum.
      NNA Nagel Lane, Rathdrum, ID 83858
      View Details
    • $99,000
      756 SF

      Rathdrum Storage Condo For Sale

      Premium storage condo in secure, convenient Rathdrum location.
      498 W GARWOOD Rd, Rathdrum, ID 83858
      View Details
    • $314,850

      Rathdrum Vacant Land Opportunity

      1.15 acres zoned for multi-family development in Rathdrum, ID.
      15974 N Boise St, Rathdrum, ID 83858
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.15 acre multi-family development opportunity in Rathdrum, Idaho.
    Where is this residential land & home lot located?
    The property is located at 15974 N Boise St Rathdrum, ID.
    What is the asking price?
    The asking price for this property is $314,850.
    What are key features of this property?
    This property features: 1.15 Acres ZONED R‑3 MULTI FAMILY offering development potential.; Drawings available for 3 buildings with a total of 9 units.; Potential for subdivision into individual lots for single‑family use.
    (208) 762-5500
    We can help!
    Listing Contact
    Joel Pearl
    Joel Pearl
    Real Estate License ID: DB29302
    Learn More
    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
    15974 N Boise St, Rathdrum, ID 83858
    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!