Flex Space with Warehouse
For Sale
$2,500,000
1640 E Schneidmiller Ave, Post Falls, ID 83854
Commercial Sale, Office Building, Post Falls, ID
Property Size9,750 SF
Lot Size0.55 Acres
Price / SF$256.41
Days on Market55
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
Natural Gas, Hot Water(Heating)
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: Sep 13
Last Checked: Oct 3 at 3:06AM
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 space contains 9750 square feet within a 0.55-acre property. The building includes multiple office areas, warehouse space with a roll door, and a finished basement, creating a mixed office and industrial layout. Construction incorporates fiber cement, frame, and steel frame materials, with a tar/gravel roof. Built in 2001, the property is heated by natural gas and hot water.
The building is located at 1640 E Schneidmiller Ave in Post Falls, Idaho, with exposure on I-90. It is zoned Post Falls Ind and served by public water and public sewer. The combination of office, warehouse, and basement areas provides a defined commercial configuration within an industrial-zoned setting.
The building is located at 1640 E Schneidmiller Ave in Post Falls, Idaho, with exposure on I-90. It is zoned Post Falls Ind and served by public water and public sewer. The combination of office, warehouse, and basement areas provides a defined commercial configuration within an industrial-zoned setting.
Key Highlights
- 9750 square feet of flex space on a 0.55‑acre property
- Multiple offices paired with warehouse space
- Warehouse area includes a roll door
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
873
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - The building combines multiple offices with 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: 9750 square feet of flex space on a 0.55‑acre property; Multiple offices paired with warehouse space; Warehouse area includes a roll door
