Second-Floor Office
For Sale
$799,900
301 N 1st St, Coeur d Alene, ID 83814
Commercial Sale, Commercial Condo, Coeur d'Alene, ID
Property Size3,086 SF
Lot Size0.05 Acres
Price / SF$259.20
Days on Market47
Property Features for 301 N 1st St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CDA-DC
Interior features
Elevator
Basement
Crawl Space
Accessibility
Accessible Elevator Installed
Lot features
Level
View
Lake, City
Directions
For Location use 250 Northwest BLVD CDA, ID 83814
Subdivision
01 - Cd'A Urban/Dalton
Standard status
Active
APN
C1820002202A
Size
3,086 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Coeur D Alene North Condos, Unit 202 & Undiv Int In Carea Ex Rw 1450N04w
Tax Annual Amount
3496
Legal Description
Coeur D Alene North Condos, Unit 202 & Undiv Int In Carea Ex Rw 1450N04w
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
lake views
full kitchen
kitchenette
bathroom
residential-style area
Building Details
Year built
1984
Building materials
Drivet, Frame
Roof type
Concrete
Architectural style
Other
Listing Agency:
Tomlinson Sotheby's International Realty (Idaho)
(208) 667-1551
Listed By:
Jillian Shaw · License #SP56290
(208) 819-0527
Added: Aug 11
Changed: Sep 25
Last Checked: Sep 26 at 6:06AM
MLS# 26-8269
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 3,086-square-foot second-floor office unit provides a varied configuration for business operations, with multiple private offices, flexible workspace, a full kitchen, kitchenette, and bathroom. A separate residential-style area with its own kitchen and bathroom adds another functional component within the suite. The property includes an elevator and accessible elevator installation, along with central air, forced-air electric heating, public water, and public sewer. Built in 1984, the unit is zoned CDA-DC.
Located at 301 N 1st St in Coeur d'Alene, the suite offers lake views and a downtown setting within walking distance of the lake, restaurants, retail, hotels, and entertainment. Its second-floor position and end-unit configuration provide a substantial commercial footprint in the center of the city.
Located at 301 N 1st St in Coeur d'Alene, the suite offers lake views and a downtown setting within walking distance of the lake, restaurants, retail, hotels, and entertainment. Its second-floor position and end-unit configuration provide a substantial commercial footprint in the center of the city.
Key Highlights
- 3,086‑square‑foot second‑floor end unit at 301 N 1st St
- Multiple private offices and flexible workspace areas
- Full kitchen, kitchenette, and two bathrooms
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
4.18%
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 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.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
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
Check the figures for this property
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 units - Flexible commercial suite with private offices, work areas, kitchen facilities, and lake views.
Where is this office units located?
The property is located at 301 N 1st St 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: 3,086‑square‑foot second‑floor end unit at 301 N 1st St; Multiple private offices and flexible workspace areas; Full kitchen, kitchenette, and two bathrooms
