Insulated Flex Condominium
16989 W TULIP Ct, Post Falls, ID 83854
For Sale
$250,000
Commercial Sale, Commercial Condo, Post Falls, ID
Property Size1,250 SF
Lot Size0.07 Acres
Price / SF$200
Days on Market100
Property Features for 16989 W TULIP Ct
General Information
Property type
Property subtype
Property condition
Zoning
Security features
Interior features
Exterior features
Basement
Accessibility
Lot features
View
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
24-7 access
video surveillance security system
private restrooms
Clubhouse w/ pool table
virtual golf
dartboard
office suites
conference room
kitchenette
Building Details
Year built
Building materials
Roof type
Architectural style
Listing Agency:
Coldwell Banker Schneidmiller Realty · Coldwell Banker Real Estate
(800) 829-2555
Listed By:
Greg Rowley · License ID SP39746
(208) 659-6527
Added: Aug 7
Changed: Oct 28
Last Checked: Nov 13 at 11:06PM
MLS# 26-8158
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.
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Investment Insights
Based on property information with market context.
This under-construction flex condominium offers 1,250 square feet within a steel-framed, metal-roofed building. The fully insulated unit includes R19 walls and doors, an R35 ceiling, a 16'x14' insulated steel overhead door with remote opener, LED lighting, a 100'' ceiling fan, and a natural gas 125,000 BTU heater. Electrical service includes single-phase 100-amp power, a dedicated circuit, and 50-amp RV and boat outlets. Individual smart technology supports unit operations.
The gated facility provides 24-7 access, video surveillance, private restrooms, and a clubhouse with a pool table, virtual golf, dartboard, office suites, conference room, and kitchenette. Customization options include floor coating, paint, a car lift, and mezzanine or loft improvements. Units may also be combined into larger 25'x100' drive-through or 50'x50' configurations. The property is zoned LIGHT INDUSTRIA and uses well water and a septic tank.
The gated facility provides 24-7 access, video surveillance, private restrooms, and a clubhouse with a pool table, virtual golf, dartboard, office suites, conference room, and kitchenette. Customization options include floor coating, paint, a car lift, and mezzanine or loft improvements. Units may also be combined into larger 25'x100' drive-through or 50'x50' configurations. The property is zoned LIGHT INDUSTRIA and uses well water and a septic tank.
Key Highlights
- 1,250‑square‑foot flex condominium unit
- 25'x50' fully insulated unit with R19 walls/doors and R35 ceiling
- 16'x14' insulated steel overhead door with remote opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,915
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,300
$218.3K
Cap Rate 7%
$155,929
$155.9K
Cap Rate 9%
$121,278
$121.3K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$16.5K $13.20/SF
− Vacancy
−$908 −$0.73/SF
EGI
$15.6K $12.47/SF
− OpEx
−$4.7K −$3.74/SF
NOI
$10.9K $8.73/SF
Area
Kootenai County, ID
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,300
Cap Rate 7%
$155,929
Cap Rate 9%
$121,278
Alternative Uses
Best Use
Self Storage
$155.9K
$136.4K – $181.9K
NOI $10,915 @ 7.0% cap · market cap 4.37%
Second Best
Warehouse
$129.5K
$113.3K – $151.1K
NOI $9,065 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$271.2K
$237.3K – $316.4K
NOI $18,981 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
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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
$433,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Post Falls, ID
Properties on Market for Flex space in Post Falls
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction flex condominium with dedicated utilities, vehicle access, and shared clubhouse amenities.
Where is this flex space located?
The property is located at 16989 W TULIP Ct Post Falls, ID.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,250‑square‑foot flex condominium unit; 25'x50' fully insulated unit with R19 walls/doors and R35 ceiling; 16'x14' insulated steel overhead door with remote opener
