Ground-Floor End-Unit
New
For Sale
$515,000
301 N 1st St, Coeur d Alene, ID 83814
Commercial Sale, Commercial Condo, Coeur d'Alene, ID
Property Size1,536 SF
Lot Size0.02 Acres
Price / SF$335.29
Days on Market2
Property Features for 301 N 1st St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DT
Interior features
High Speed Internet, Elevator
Fencing
Fenced
Accessibility
Accessible Elevator Installed
Lot features
Landscaped, Corner Lot, Level
View
Lake, City
Directions
From Lakeside, pull into the parking garage (across from the Coeur d'Alene Visitor Center) and park in the client parking area. The unit is on the end closest to the lake.
Subdivision
01 - Cd'A Urban/Dalton
Standard status
Active
APN
C1820001101A
Size
1,536 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Coeur D Alene North Condos, Unit 101 & Undiv Int In Carea Ex Rw 1450N04w
Tax Annual Amount
1848
Legal Description
Coeur D Alene North Condos, Unit 101 & Undiv Int In Carea Ex Rw 1450N04w
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Water source
Public
Amenities
full gym
conference rooms
hangout rooms
saltwater pool
locker rooms
sauna
rooftop pickle/tennis court
full staff
kitchenette
Building Details
Year built
1984
Building materials
Concrete, Steel Frame
Roof type
Tar/Gravel
Architectural style
Other
Listing Agency:
NAI Black
(509) 623-1000
Listed By:
Anthony Walker · License #SP50554
(208) 255-9528
Added: Sep 30
Last Checked: Oct 1 at 9:06PM
MLS# 26-9823
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 1,536-square-foot office unit occupies an end position on the ground floor and has views of Lake Coeur d'Alene. Its layout includes five offices, a shared common area, and a kitchenette. The unit has been updated and includes a recently installed HVAC system. The building, constructed in 1984 with concrete and steel-frame materials, is zoned DT.
Located at 301 N 1st St in downtown Coeur d'Alene, the property is served by public water and sewer. Building amenities include a gym, conference rooms, lounge areas, a saltwater pool, covered parking, locker rooms, a sauna, and a rooftop pickleball and tennis court. Elevator access is available.
Located at 301 N 1st St in downtown Coeur d'Alene, the property is served by public water and sewer. Building amenities include a gym, conference rooms, lounge areas, a saltwater pool, covered parking, locker rooms, a sauna, and a rooftop pickleball and tennis court. Elevator access is available.
Key Highlights
- 1,536‑square‑foot ground‑floor end unit with Lake Coeur d'Alene views
- Five offices, a common area, and a kitchenette
- Updated interior with a recently installed HVAC system
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
$16,637
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
3.23%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
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
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 - A five-office layout includes a common area and kitchenette.
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 $515,000.
What are key features of this property?
This property features: 1,536‑square‑foot ground‑floor end unit with Lake Coeur d'Alene views; Five offices, a common area, and a kitchenette; Updated interior with a recently installed HVAC system
