Heated Flex Space with Large Overhead
For Sale
$219,500
3100 W Dakota Ave, Hayden, ID 83835
COMMERCIAL - Hayden, ID
Property Size1,097 SF
Lot Size0.04 Acres
Price / SF$200.09
Days on Market132
Property Features for 3100 W Dakota Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Security features
Security System
Interior features
Cable Internet Available, DSL Available, Handicap Facility, High Speed Internet, Handicap Restrooms
Exterior features
Lighting, Handicap Access, Sprinkler System
Fencing
Fenced
Basement
None
Accessibility
Accessible Approach with Ramp
Lot features
Sloped, Landscaped, Level
View
Territorial
Directions
N or Ramsey, W on Dakota Ave to property address on the corner of Dakota and Atlas
Subdivision
03 - Hayden
Standard status
Active
APN
HJ4114004050
Size
1,097 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GARAGETOWN HAYDEN CONDOS, UNIT 405 BLDG 400 & UNDIV INT IN COMMON AREA 1551N04W
Tax Annual Amount
781
Legal Description
GARAGETOWN HAYDEN CONDOS, UNIT 405 BLDG 400 & UNDIV INT IN COMMON AREA 1551N04W
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Other (Heating)
Water source
Public
Amenities
common-area restrooms and showers
Building Details
Year built
2006
Building materials
Steel Siding, Steel Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Jacklin Real Estate
(208) 758-7474
Listed By:
Duane Oliver · License #SP39595
(208) 640-6773
Added: Apr 2
Changed: Aug 4
Last Checked: Aug 11 at 11:06PM
MLS# 26-2956
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 heated flex space unit in the GarageTown Hayden Complex is built for storage and light work, with approximately 24' x 48' (1,152 SF) of interior space. The unit includes a CMU firewall and is served by electric heating and bright overhead lighting. Access is provided by an oversized 14' high and 16' wide automatic overhead door, suited for RVs, boats, trailers, and other oversized vehicles.
The property is designed with operational and day-to-day convenience in mind. Owners have access to common-area restrooms and showers, and the unit is equipped with multiple electrical outlets. Exterior and building features include lighting, a sprinkler system, metal roof, steel frame and steel siding, and a fenced yard. Accessibility features include an accessible approach with a ramp, and handicap restrooms are identified among interior features.
Utilities and services include public water and public sewer, with cable available and DSL/high-speed internet listed. Constructed in 2006, the unit supports a range of workshop, hobby, and storage uses within a controlled garage condo setting at 3100 W Dakota Ave, Hayden.
The property is designed with operational and day-to-day convenience in mind. Owners have access to common-area restrooms and showers, and the unit is equipped with multiple electrical outlets. Exterior and building features include lighting, a sprinkler system, metal roof, steel frame and steel siding, and a fenced yard. Accessibility features include an accessible approach with a ramp, and handicap restrooms are identified among interior features.
Utilities and services include public water and public sewer, with cable available and DSL/high-speed internet listed. Constructed in 2006, the unit supports a range of workshop, hobby, and storage uses within a controlled garage condo setting at 3100 W Dakota Ave, Hayden.
Key Highlights
- Approximately 24' x 48' (1,152 SF) heated flex space unit in GarageTown Hayden
- CMU firewall included
- 14' high and 16' wide automatic overhead door for RV, boat, and trailer storage
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
$7,956
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
3.62%
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%
$159,120
$159.1K
Cap Rate 7%
$113,657
$113.7K
Cap Rate 9%
$88,400
$88.4K
Market Conditions
NOI Build-Up for 1,097 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
$9.9K $9.00/SF
− Vacancy
−$513 −$0.47/SF
EGI
$9.4K $8.53/SF
− OpEx
−$1.4K −$1.28/SF
NOI
$8.0K $7.25/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$159,120
Cap Rate 7%
$113,657
Cap Rate 9%
$88,400
Alternative Uses
Best Use
Warehouse
$113.7K
$99.5K – $132.6K
NOI $7,956 @ 7.0% cap · market cap 3.62%
Second Best
Industrial
$93.6K
$81.9K – $109.2K
NOI $6,552 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$238.0K
$208.2K – $277.6K
NOI $16,658 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex space unit in GarageTown Hayden, built in 2006 with electric heat, CMU firewall, and overhead-door access.
Where is this flex space located?
The property is located at 3100 W Dakota Ave Hayden, ID.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: Approximately 24' x 48' (1,152 SF) heated flex space unit in GarageTown Hayden; CMU firewall included; 14' high and 16' wide automatic overhead door for RV, boat, and trailer storage
