Office Unit with Lake
For Sale
$515,000
301 1st, Coeur d Alene, ID 83814
Five separate offices, a common area and a kitchenette create a functional workplace layout.
Property Size1,536 SF
Price / SF$335.29
Days on Market19
Property Features for 301 1st
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Commercial
Additional Details
Floor
Bottom Floor
Taxes and HOA fees
Annual Taxes
$1,847
Amenities
full gym
conference rooms
hangout rooms
saltwater pool
locker rooms
sauna
rooftop pickle/tennis court
full staff
0.00
Building Details
Year Built
1984
Listing Agency:
NAI Black
Listed By:
Anthony Walker · License #SP50554
(208) 255-9528
Source:
Clearwaterproperties
Added: Oct 2
Changed: Oct 19
Last Checked: Oct 19 at 7:01AM
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 NAI Black
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Investment Insights
Based on property information with market context.
This 1,536-square-foot office unit occupies an end position on the building’s ground floor and has views of Lake Coeur d’Alene. Its layout includes five separate offices, a common area and a kitchenette. The unit has been updated and includes a recently installed HVAC unit.
Building amenities include a gym, conference rooms, gathering rooms, a saltwater pool, covered parking, locker rooms, a sauna and a rooftop pickleball and tennis court. Staff is also provided at the building.
Building amenities include a gym, conference rooms, gathering rooms, a saltwater pool, covered parking, locker rooms, a sauna and a rooftop pickleball and tennis court. Staff is also provided at the building.
Key Highlights
- 1,536‑square‑foot office unit
- Five separate offices, common area and kitchenette
- Ground‑floor end unit with Lake Coeur d’Alene views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,637
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,740
$332.7K
Cap Rate 7%
$237,671
$237.7K
Cap Rate 9%
$184,856
$184.9K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$26.7K $17.40/SF
− Vacancy
−$4.5K −$2.96/SF
EGI
$22.2K $14.44/SF
− OpEx
−$5.5K −$3.61/SF
NOI
$16.6K $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 Rate 5%
$332,740
Cap Rate 7%
$237,671
Cap Rate 9%
$184,856
Alternative Uses
Best Use
Office B
$237.7K
$208.0K – $277.3K
NOI $16,637 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.2K
$291.6K – $388.7K
NOI $23,324 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Five separate offices, a common area and a kitchenette create a functional workplace layout.
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 $515,000.
What are key features of this property?
This property features: 1,536‑square‑foot office unit; Five separate offices, common area and kitchenette; Ground‑floor end unit with Lake Coeur d’Alene views
