Building Details

Year Built 2001

Listing Agency: Windermere/Hayden, LLC

Listed By: Duffy Smock · License #MA25299 Show Phone

Source: Clearwaterproperties

Added: Aug 28 Changed: Oct 25 Last Checked: Oct 24 at 4:24PM

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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 Windermere/Hayden, LLC

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Investment Insights

Based on property information with market context.

This 3,960-square-foot flex building, constructed in 2001, includes five separate rooms alongside a large garage. The configuration supports office functions while providing dedicated space for equipment storage, workshop activities, fleet vehicles, or other operational needs. The property is described as well maintained and ready for occupancy, with the existing improvements requiring no stated renovation work.

Located in Hayden, the building is near shopping and dining and offers access to major routes. Zoning is Hayden C Comm., providing an established commercial framework for the property.

Key Highlights

• 3,960‑square‑foot flex building with five separate rooms
• Large garage suited to equipment storage, workshop use, or fleet vehicles
• Hayden C Comm. zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,893

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$857,860 $857.9K

Cap Rate 7%

$612,757 $612.8K

Cap Rate 9%

$476,589 $476.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,960 SF

Gross rent

$68.9K $17.40/SF

− Vacancy

−$11.7K −$2.96/SF

EGI

$57.2K $14.44/SF

− OpEx

−$14.3K −$3.61/SF

NOI

$42.9K $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%

$857,860

Cap Rate 7%

$612,757

Cap Rate 9%

$476,589

Alternative Uses

Best Use

Office B

$612.8K

$536.2K – $714.9K (±1% cap)

NOI $42,893 @ 7.0% cap · market cap 3.90%

Second Best

Industrial

$337.9K

$295.6K – $394.2K (±1% cap)

NOI $23,651 @ 7.0% cap · market cap 2.15%

Theoretical Best

Office A

$859.0K

$751.7K – $1.00M (±1% cap)

NOI $60,132 @ 7.0% cap · market cap 5.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Smoothie Shakedown Weight Loss Service Hayden Yoga & Massage Gym & Fitness Center

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Florist Locksmith Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

970

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 83835, ID

23,157

Population

10,110

Households

2.3

Avg Household Size

46

Median Age

33%

College-Educated

95%

High-School Grad

99.4 sq mi

ZIP Area

233

Density / Sq Mi

$86,014

Median Household Income

$43,925

Median Earnings

$1,688

Median Rent

$502,400

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible commercial building combines office rooms with a substantial garage for storage, workshop, or vehicle use.

Where is this flex space located?

The property is located at 181 Commerce Hayden, ID.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 3,960‑square‑foot flex building with five separate rooms; Large garage suited to equipment storage, workshop use, or fleet vehicles; Hayden C Comm. zoning