Warehouse Shop with Roll-Up
For Sale
$250,000
1847 South Dillon Drive, Coeur d Alene, ID 83814
The shop provides enclosed equipment storage with an insulated roof, concrete floor, and substantial electrical capacity.
Property Size2,000 SF
Price / SF$125
Days on Market229
Property Features for 1847 South Dillon Drive
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Land / Land/Bldg
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
2,000 SF
Drive-In Doors
2
Power
200 amps
Taxes and HOA fees
Annual Taxes
$852
Amenities
MLS
0.0
Workshop, See Remarks
Lighting, See Remarks, Timber - None, RV Parking - Open
Gravel
Building Details
Buildings
1
Building Size
2,000 SF
Listing Agency:
Compass
(208) 651-9557
Listed By:
Lindsay Allen · License #SP43127
(208) 651-9557
Source:
Compass
Added: Jan 15
Changed: Aug 30
Last Checked: Aug 30 at 2:32PM
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 Compass
Investment Insights
Based on property information with market context.
This warehouse property includes a 2,000-square-foot shop on its own lot. The building has a concrete floor, an insulated roof, 16-foot wall height, and two 14-foot roll-up doors. Electrical service is rated at 200 AMP, supporting storage and workshop functions for recreational vehicles and equipment.
The property is located at 1847 South Dillon Drive in Coeur d’Alene, Idaho, within 10 minutes of downtown Coeur d’Alene and multiple boat launches on Lake CDA. Access to Mullan Trail, Fernan, and Blue Creek is also within 10 minutes. County zoning allows improvements, and the property has no CC&Rs.
The property is located at 1847 South Dillon Drive in Coeur d’Alene, Idaho, within 10 minutes of downtown Coeur d’Alene and multiple boat launches on Lake CDA. Access to Mullan Trail, Fernan, and Blue Creek is also within 10 minutes. County zoning allows improvements, and the property has no CC&Rs.
Key Highlights
- 2,000 SF shop on an owned lot
- 16‑foot wall height with two 14‑foot roll‑up doors
- 200 AMP electrical service
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
$14,504
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
5.80%
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%
$290,080
$290.1K
Cap Rate 7%
$207,200
$207.2K
Cap Rate 9%
$161,156
$161.2K
Market Conditions
NOI Build-Up for 2,000 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
$18.0K $9.00/SF
− Vacancy
−$936 −$0.47/SF
EGI
$17.1K $8.53/SF
− OpEx
−$2.6K −$1.28/SF
NOI
$14.5K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$290,080
Cap Rate 7%
$207,200
Cap Rate 9%
$161,156
Alternative Uses
Best Use
Warehouse
$207.2K
$181.3K – $241.7K
NOI $14,504 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$433.9K
$379.6K – $506.2K
NOI $30,370 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Warehouse - The shop provides enclosed equipment storage with an insulated roof, concrete floor, and substantial electrical capacity.
Where is this warehouse located?
The property is located at 1847 South Dillon Drive Coeur d Alene, 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: 2,000 SF shop on an owned lot; 16‑foot wall height with two 14‑foot roll‑up doors; 200 AMP electrical service
