Live-Work Property with
For Sale
$1,200,000
201 6th, Post Falls, ID 83854
Commercially zoned property combines multiple buildings with greenhouse facilities near downtown Post Falls.
Property Size8,550 SF
Price / SF$140.35
Days on Market35
Property Features for 201 6th
General Information
Standard status
Active
Size
8,550 SF
Property subtype
Commercial
Site & Location
Traffic Count
50,457 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
nursery, commercial, residential
Taxes and HOA fees
Annual Taxes
$2,887
Amenities
greenhouses
Garage: Paved
3.00
Paved
Building Details
Year Built
1906
Buildings
5
Listing Agency:
Kiemle Hagood
Listed By:
Chris Schreiber · License #101603
(509) 838-6541
Source:
Clearwaterproperties
Added: Aug 1
Changed: Sep 4
Last Checked: Sep 4 at 2:12AM
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
This live-work property includes three permanent buildings totaling approximately ±4,350 SF, along with two greenhouses of approximately ±2,100 SF each, for a combined property size of ±8,550 SF. The improvements include an existing home, and business furniture, fixtures, and equipment are available for negotiation. The property’s live/work configuration supports both residential and commercial functionality within the same holding.
Set on nearly half an acre of commercially zoned land at 201 E 6th Ave in Post Falls, the property is adjacent to the downtown and central areas. It sits one block from Interstate 90 and Spokane St, with exposure to and from Interstate 90 and reported traffic of approximately ±50,457 vehicles per day. The location also places the property near established urban activity while retaining a multi-building layout with greenhouse infrastructure.
Set on nearly half an acre of commercially zoned land at 201 E 6th Ave in Post Falls, the property is adjacent to the downtown and central areas. It sits one block from Interstate 90 and Spokane St, with exposure to and from Interstate 90 and reported traffic of approximately ±50,457 vehicles per day. The location also places the property near established urban activity while retaining a multi-building layout with greenhouse infrastructure.
Key Highlights
- Three permanent buildings totaling approximately ±4,350 SF
- Two greenhouses measuring approximately ±2,100 SF each
- Combined property size of approximately ±8,550 SF
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
$92,609
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
7.72%
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%
$1,852,180
$1.9M
Cap Rate 7%
$1,322,986
$1.3M
Cap Rate 9%
$1,028,989
$1.0M
Market Conditions
NOI Build-Up for 8,550 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
$148.8K $17.40/SF
− Vacancy
−$25.3K −$2.96/SF
EGI
$123.5K $14.44/SF
− OpEx
−$30.9K −$3.61/SF
NOI
$92.6K $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%
$1,852,180
Cap Rate 7%
$1,322,986
Cap Rate 9%
$1,028,989
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,609 @ 7.0% cap · market cap 7.72%
Second Best
Mixed Use
$1.28M
$1.12M – $1.49M
NOI $89,454 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,830 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50,457 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercially zoned property combines multiple buildings with greenhouse facilities near downtown Post Falls.
Where is this live-work space located?
The property is located at 201 6th Post Falls, ID.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three permanent buildings totaling approximately ±4,350 SF; Two greenhouses measuring approximately ±2,100 SF each; Combined property size of approximately ±8,550 SF
