Second-Floor Office Unit with Lake
For Sale
$799,900
301 1st, Coeur d Alene, ID 83814
Multiple private offices and flexible workspace support varied business configurations.
Property Size3,086 SF
Price / SF$259.20
Days on Market81
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
private offices
flexible workspace
full kitchen
kitchenette
bathroom
lake views
residential-style area
0.00
Building Details
Year Built
1984
Listing Agency:
Tomlinson Sotheby's International Realty (Idaho)
Listed By:
Jillian Shaw · License #SP56290
(208) 819-0527
Source:
Clearwaterproperties
Added: Aug 17
Changed: Nov 4
Last Checked: Nov 4 at 10:27AM
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)
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Investment Insights
Based on property information with market context.
This second-floor end-unit office property combines several private offices with adaptable work areas, creating a substantial commercial suite for professional operations. Interior amenities include a full kitchen, separate kitchenette, bathroom, and a residential-style section with its own kitchen and bathroom. Lake views add a distinct visual feature to the workspace.
The property is located at 301 N 1st St, #202, in Downtown Coeur d'Alene. The suite is within walking distance of the lake, restaurants, retail, hotels, and entertainment venues, placing daily business activity in a walkable downtown setting.
The combination of private rooms, open-ended workspace, kitchen facilities, and two bathroom areas provides multiple functional zones within one office unit. The layout is suited to businesses seeking a larger downtown presence with flexible interior arrangements.
The property is located at 301 N 1st St, #202, in Downtown Coeur d'Alene. The suite is within walking distance of the lake, restaurants, retail, hotels, and entertainment venues, placing daily business activity in a walkable downtown setting.
The combination of private rooms, open-ended workspace, kitchen facilities, and two bathroom areas provides multiple functional zones within one office unit. The layout is suited to businesses seeking a larger downtown presence with flexible interior arrangements.
Key Highlights
- Second‑floor end unit at 301 N 1st St, #202, Coeur d'Alene, ID 83814
- Multiple private offices paired with flexible workspace
- Full kitchen and separate kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,426
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
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
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 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 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.4K
$585.8K – $781.0K
NOI $46,860 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,886
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Multiple private offices and flexible workspace support varied business configurations.
Where is this office unit located?
The property is located at 301 1st Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Second‑floor end unit at 301 N 1st St, #202, Coeur d'Alene, ID 83814; Multiple private offices paired with flexible workspace; Full kitchen and separate kitchenette
