Flex Space with
For Sale
$2,500,000
1640 E Schneidmiller Ave, Post Falls, ID 83854
COMMERCIAL - Post Falls, ID
Property Size9,750 SF
Lot Size0.55 Acres
Price / SF$256.41
Days on Market8
Property Features for 1640 E Schneidmiller Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Post Falls Ind
Rooms
Basement
Basement
Finished
Lot features
Landscaped, Level
Directions
Seltice west to Schneidmiller to Sign
Subdivision
02 - Post Falls
Standard status
Active
APN
P8350002011A
Size
9,750 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Seltice Plaza, Tax #18575 In Lt 11 Block 2 0250N05w
Tax Annual Amount
4297
Legal Description
Seltice Plaza, Tax #18575 In Lt 11 Block 2 0250N05w
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
2001
Building materials
Fiber Cement, Frame, Steel Frame
Roof type
Tar/Gravel
Architectural style
Other
Listing Agency:
John L. Scott
(208) 664-8500
Listed By:
Josh Beebe · License #AB23193
(208) 699-7980
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 17 at 3:06PM
MLS# 26-8277
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.
Investment Insights
Based on property information with market context.
This flex property offers 9,750 square feet in a combination of office and warehouse areas, with a roll door supporting practical loading access. A finished basement adds usable interior space, while the 2001 construction includes fiber cement, frame, and steel frame materials. The building is served by hot water and natural gas heating, with public water and public sewer.
Positioned along I-90 in Post Falls, the property occupies 0.55 acres at 1640 E Schneidmiller Ave. Zoning is identified as Post Falls Ind. The roof is tar and gravel, and the site includes a public utility connection.
Positioned along I-90 in Post Falls, the property occupies 0.55 acres at 1640 E Schneidmiller Ave. Zoning is identified as Post Falls Ind. The roof is tar and gravel, and the site includes a public utility connection.
Key Highlights
- 9,750 square feet of flex space with offices and warehouse areas
- 0.55‑acre site at 1640 E Schneidmiller Ave, Post Falls, ID 83854
- Roll door and finished basement provide additional functional space
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
$105,607
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
4.22%
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%
$2,112,140
$2.1M
Cap Rate 7%
$1,508,671
$1.5M
Cap Rate 9%
$1,173,411
$1.2M
Market Conditions
NOI Build-Up for 9,750 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
$169.7K $17.40/SF
− Vacancy
−$28.8K −$2.96/SF
EGI
$140.8K $14.44/SF
− OpEx
−$35.2K −$3.61/SF
NOI
$105.6K $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%
$2,112,140
Cap Rate 7%
$1,508,671
Cap Rate 9%
$1,173,411
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,607 @ 7.0% cap · market cap 4.22%
Second Best
Warehouse
$1.01M
$883.9K – $1.18M
NOI $70,709 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,052 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
848
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building combining office areas, warehouse space, a roll door, and a finished basement.
Where is this flex space located?
The property is located at 1640 E Schneidmiller Ave Post Falls, ID.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,750 square feet of flex space with offices and warehouse areas; 0.55‑acre site at 1640 E Schneidmiller Ave, Post Falls, ID 83854; Roll door and finished basement provide additional functional space
