Office Building with Central
New
For Sale
$525,000
213 E Harrison Ave, Coeur d Alene, ID 83814
Commercial Sale, Office Building, Coeur d'Alene, ID
Property Size1,868 SF
Lot Size0.21 Acres
Price / SF$281.05
Days on Market3
Property Features for 213 E Harrison Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-17PUD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Interior features
Storage, Cable Internet Available, High Speed Internet, Phone Prewired
Exterior features
Lighting
Basement
Daylight, Finished
Lot features
Open Lot, Corner Lot, Level, Southern Exposure
Directions
Hwy 95 south from Appleway Ave. East on Ironwood Dr. South on Government Way to Harrison Ave. East on Harrison to the house on the left. Located at the corner of 2nd Ave & Harrison Ave.
Subdivision
01 - Cd'A Urban/Dalton
Standard status
Active
APN
C8190040005A
Size
1,868 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Sherman Add To Cda, Lt 5, Lt 6 Ex S 2 Ft Block 40 1250N04w
Tax Annual Amount
2143
Legal Description
Sherman Add To Cda, Lt 5, Lt 6 Ex S 2 Ft Block 40 1250N04w
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Wood, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Building materials
Fiber Cement, Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
CENTURY 21 Beutler & Associates · Century 21 Real Estate
(208) 765-5554
Listed By:
Scott J Fink · License #SP41386
(208) 659-9875
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 8:06PM
MLS# 26-9788
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,868-square-foot office building dates to 1947 and occupies a 0.21-acre lot. Interior spaces include two bathrooms and a basement, with storage and prewired phone service. The building has central air and forced-air heating, along with fiber-cement siding and a newer garage door. The property is being sold as-is. A sewer line inspection and professional hydro jetting have also been completed.
The property is on E Harrison Ave in Coeur d’Alene, with Downtown, Sherman Ave, Lake Coeur d’Alene, and Trader Joe’s described as a short drive away. Public water and sewer serve the site.
The property is on E Harrison Ave in Coeur d’Alene, with Downtown, Sherman Ave, Lake Coeur d’Alene, and Trader Joe’s described as a short drive away. Public water and sewer serve the site.
Key Highlights
- 1,868‑square‑foot office building on a 0.21‑acre lot
- Built in 1947
- Central air conditioning and forced‑air heating
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
$20,233
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
3.85%
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%
$404,660
$404.7K
Cap Rate 7%
$289,043
$289.0K
Cap Rate 9%
$224,811
$224.8K
Market Conditions
NOI Build-Up for 1,868 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
$32.5K $17.40/SF
− Vacancy
−$5.5K −$2.96/SF
EGI
$27.0K $14.44/SF
− OpEx
−$6.7K −$3.61/SF
NOI
$20.2K $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%
$404,660
Cap Rate 7%
$289,043
Cap Rate 9%
$224,811
Alternative Uses
Best Use
Office B
$289.0K
$252.9K – $337.2K
NOI $20,233 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$405.2K
$354.6K – $472.8K
NOI $28,365 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Fiber-cement siding and a recently replaced garage door are among the property’s exterior improvements.
Where is this office building located?
The property is located at 213 E Harrison Ave Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,868‑square‑foot office building on a 0.21‑acre lot; Built in 1947; Central air conditioning and forced‑air heating
