Mixed-Use Property with
For Sale
Contact for pricing
212 East Mullan Avenue, Post Falls, ID 83854
CCS-zoned property with a residential layout and commercial-site features.
Property Size2,760 SF
Price / SF$193.84
Days on Market105
Property Features for 212 East Mullan Avenue
General Information
Standard status
Active
Size
2,760 SF
Total Parking Spaces
8
Property subtype
Retail, Multifamily, Office
Zoning
CCS
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Amenities
Central AC
forced air furnace
gas fireplace
electric heating
updated electrical
oversized one car garage
large storage unit
garden area
paved parking
Building Details
Year Built
1949
Buildings
3
Building Size
2,760 SF
Construction
ranch
Listing Agency:
Treaty Rock Realty, Inc.
(208) 755-9799
Listed By:
Kirbi Swanson · License #ID DB22947
Source:
Crexi
Added: May 18
Changed: Aug 29
Last Checked: Aug 29 at 1:41PM
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 Treaty Rock Realty, Inc.
Investment Insights
Based on property information with market context.
Located at 212 East Mullan Avenue, this 2,760-square-foot ranch-style property combines a residential floor plan with a basement and commercial-site improvements. The main level includes a kitchen, family room, living and dining areas, three bedrooms, and 1.5 bathrooms. The lower level provides additional storage or office space. Interior features include central AC, a forced-air furnace, gas fireplace, electric heat, and updated electrical service. An oversized one-car garage, separate large storage building, fenced grounds, paved parking, and a gated alley entry add practical utility. A landscaped garden area is also part of the property.
The parcel is zoned CCS, or Community Commercial Services, and occupies a busy commercial corner near E. Seltice Way and Spokane St. Interstate 90 is one block away, providing direct regional access. The property offers a combination of existing residential improvements, flexible interior space, and commercial-oriented site characteristics within the Post Falls Business Center.
The parcel is zoned CCS, or Community Commercial Services, and occupies a busy commercial corner near E. Seltice Way and Spokane St. Interstate 90 is one block away, providing direct regional access. The property offers a combination of existing residential improvements, flexible interior space, and commercial-oriented site characteristics within the Post Falls Business Center.
Key Highlights
- 2,760‑square‑foot ranch‑style property with basement and 3 bedrooms
- CCS zoning: Post Falls Community Commercial Services
- Busy commercial corner near E. Seltice Way and Spokane St
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
$29,895
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
5.59%
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%
$597,900
$597.9K
Cap Rate 7%
$427,071
$427.1K
Cap Rate 9%
$332,167
$332.2K
Market Conditions
NOI Build-Up for 2,760 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
$48.0K $17.40/SF
− Vacancy
−$8.2K −$2.96/SF
EGI
$39.9K $14.44/SF
− OpEx
−$10.0K −$3.61/SF
NOI
$29.9K $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%
$597,900
Cap Rate 7%
$427,071
Cap Rate 9%
$332,167
Alternative Uses
Best Use
Office B
$427.1K
$373.7K – $498.3K
NOI $29,895 @ 7.0% cap · market cap 5.59%
Second Best
Mixed Use
$412.5K
$361.0K – $481.3K
NOI $28,877 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$598.7K
$523.9K – $698.5K
NOI $41,910 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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?
Mixed-use property - CCS-zoned property with a residential layout and commercial-site features.
Where is this mixed-use property located?
The property is located at 212 East Mullan Avenue Post Falls, ID.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 2,760‑square‑foot ranch‑style property with basement and 3 bedrooms; CCS zoning: Post Falls Community Commercial Services; Busy commercial corner near E. Seltice Way and Spokane St
