Renovated Office Condo
301 N 1st ST # 211 Coeur d Alene, ID 83814
301 N 1st ST # 211, Coeur d Alene, ID, 83814
$550,000
Pending
For Sale
$550,000
Pending
Renovated office suite with four private offices, server room, kitchenette, private balcony, and exclusive in-suite bath.
Property Size1,859 SF
Days on Market19
Property Features for 301 N 1st ST # 211
General Information
- Standard status
- Pending
- Size
- 1,859 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing agency
NAI Black
(509) 724-9555
Listed by
Devin Mecham · License #SP48179
Source
Clearwaterproperties
Added: Jul 4 Updated: Jul 21 at 8:11AM Checked: Jul 22 at 4:00AM
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
Investment Insights
Based on property information with market context.
Beautifully renovated office condominium offering approximately 1,859 square feet of professional workspace in a full-service building. Suite 211 features four private offices, a dedicated server room, storage room, and kitchenette. The suite also includes a private balcony, an exclusive in-suite bathroom, and dual access doors.
The building provides 24/7 key fob access and includes an executive conference room, fitness center with showers, pool and sauna, library lounge, and pickleball court. Three assigned parking stalls are included, and furniture, fixtures, and equipment are available under a separate agreement.
HOA dues are approximately $550 per month.
The building provides 24/7 key fob access and includes an executive conference room, fitness center with showers, pool and sauna, library lounge, and pickleball court. Three assigned parking stalls are included, and furniture, fixtures, and equipment are available under a separate agreement.
HOA dues are approximately $550 per month.
Key Highlights
- Renovated office condominium suite with approx. 1,859 SF of professional workspace in a full‑service building
- Suite 211 layout includes four private offices plus dedicated server room, storage room, and kitchenette
- Private balcony with lake views and dual access doors; includes an exclusive in‑suite bathroom
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $17.40 |
| − Vacancy | −$5.5k | −$2.96 |
| EGI | $26.8k | $14.44 |
| − OpEx | −$6.7k | −$3.61 |
| NOI | $20.1k | $10.83 |
1,859 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$287.7K
$251.7K – $335.6K
NOI $20,136 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$403.3K
$352.9K – $470.5K
NOI $28,229 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Champion Home Loans
Loan Service
Coeur d'Alene North ...
Condominium Complex
Intermountain Network Engineer
Engineer
Acquisition Services
Real Estate Agency
Hairdresser
Hair Salon
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FAQs
What type of property is this?
Office units - Renovated office suite with four private offices, server room, kitchenette, private balcony, and exclusive in-suite bath.
Where is this office units located?
The property is located at 301 N 1st ST # 211 Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Renovated office condominium suite with approx. 1,859 SF of professional workspace in a full‑service building; Suite 211 layout includes four private offices plus dedicated server room, storage room, and kitchenette; Private balcony with lake views and dual access doors; includes an exclusive in‑suite bathroom
