Second-Floor End-Unit
For Sale
$849,900
301 1st, Coeur d Alene, ID 83814
Flexible workspace includes private offices, multiple kitchen areas, bathrooms, and lake views.
Property Size3,086 SF
Price / SF$275.41
Days on Market18
Property Features for 301 1st
General Information
Standard status
Active
Size
3,086 SF
Property subtype
Commercial
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$3,496
Amenities
0.00
Building Details
Year Built
1984
Listing Agency:
Tomlinson Sotheby's International Realty (Idaho)
(208) 819-0527
Listed By:
Jillian Shaw · License #SP56290
Source:
Clearwaterproperties
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 1:38PM
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 Tomlinson Sotheby's International Realty (Idaho)
Investment Insights
Based on property information with market context.
This 3,086-square-foot office unit occupies a second-floor end position and includes multiple private offices alongside adaptable work areas. The interior features a full kitchen, kitchenette, and bathroom, plus a residential-style section with its own kitchen and bathroom. The configuration supports a range of professional, executive, and creative workspace needs without relying on a single office format.
Built in 1984, the property is located at 301 1st in Downtown Coeur d'Alene. The suite offers lake views and is within walking distance of the lake, restaurants, retail, hotels, and entertainment. Its downtown setting provides a centralized address for businesses seeking substantial office space in an established commercial environment.
Built in 1984, the property is located at 301 1st in Downtown Coeur d'Alene. The suite offers lake views and is within walking distance of the lake, restaurants, retail, hotels, and entertainment. Its downtown setting provides a centralized address for businesses seeking substantial office space in an established commercial environment.
Key Highlights
- 3,086‑square‑foot second‑floor end unit
- Multiple private offices with flexible workspace
- Full kitchen, kitchenette, and bathroom
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
$33,426
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
3.93%
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%
$668,520
$668.5K
Cap Rate 7%
$477,514
$477.5K
Cap Rate 9%
$371,400
$371.4K
Market Conditions
NOI Build-Up for 3,086 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
$53.7K $17.40/SF
− Vacancy
−$9.1K −$2.96/SF
EGI
$44.6K $14.44/SF
− OpEx
−$11.1K −$3.61/SF
NOI
$33.4K $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%
$668,520
Cap Rate 7%
$477,514
Cap Rate 9%
$371,400
Alternative Uses
Best Use
Office B
$477.5K
$417.8K – $557.1K
NOI $33,426 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.4K
$585.8K – $781.0K
NOI $46,860 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,886
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible workspace includes private offices, multiple kitchen areas, bathrooms, and lake views.
Where is this office units located?
The property is located at 301 1st Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 3,086‑square‑foot second‑floor end unit; Multiple private offices with flexible workspace; Full kitchen, kitchenette, and bathroom
