Flex Building with Large
For Sale
$1,100,000
181 Commerce, Hayden, ID 83835
Flexible commercial building combines office rooms with a substantial garage for storage, workshop, or vehicle use.
Property Size3,960 SF
Price / SF$277.78
Days on Market12
Property Features for 181 Commerce
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,012
Amenities
Garage: Paved
0.00
Paved
Building Details
Year Built
2001
Listing Agency:
Windermere/Hayden, LLC
Listed By:
Duffy Smock · License #MA25299
(208) 699-5466
Source:
Clearwaterproperties
Added: Aug 28
Changed: Sep 8
Last Checked: Sep 8 at 4:52AM
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
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.
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 = 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
$42,893
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
3.90%
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%
$857,860
$857.9K
Cap Rate 7%
$612,757
$612.8K
Cap Rate 9%
$476,589
$476.6K
Market Conditions
NOI Build-Up for 3,960 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
$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 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%
$857,860
Cap Rate 7%
$612,757
Cap Rate 9%
$476,589
Alternative Uses
Best Use
Office B
$612.8K
$536.2K – $714.9K
NOI $42,893 @ 7.0% cap · market cap 3.90%
Second Best
Industrial
$337.9K
$295.6K – $394.2K
NOI $23,651 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$859.0K
$751.7K – $1.00M
NOI $60,132 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
