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    Kootenai Commercial Land on Highway Title is generated by Realmo AI

    32056 Highway 200, Kootenai, ID 83840

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    Claim this Listing
    For Sale
    $1,275,000

    COMMERCIAL - Kootenai, ID

    Lot size:
    4.88 Acres
    Added:
    Feb 12, 2025
    Days on Market:
    465
    Last Refresh:
    May 23 at 2:06 am

    Property Features for 32056 Highway 200

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Lght Industrial
    Standard status
    Active
    APN
    RPK00000122402A
    Lot size
    4.88 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Tax 83 12-57N-2W
    Tax Annual Amount
    2000

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Raphael Barta
    Raphael Barta

    Listing agent Raphael Barta License #AB24965

    Listing office CENTURY 21 RiverStone 305 N 1st Ave, ID

    Listing date Feb 12, 2025

    MLS# 25-1286 Listing URL

    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.

    HighLights

    • Strategic location on Highway 200 with high traffic count.
    • 856 feet of Highway 200 frontage with all‑turns direct access.
    • Municipal sewer and water, natural gas, and three‑phase electric power available.
    • Zoning permits a wide range of commercial and industrial uses.
    • 4.88 acres allowing for maximizing density and efficient building footprints.
    • Limited availability of undeveloped commercial/industrial land in the Sandpoint area.

    Overview

    This 4.88-acre commercial/industrial land parcel is located in Kootenai, ID. Situated on Highway 200, the site benefits from high traffic counts and features 856 feet of highway frontage with all-turns direct access. The property is zoned for a wide range of commercial and industrial uses, allowing for maximizing density and efficient building footprints. Municipal sewer and water, natural gas, and three-phase electric power are available at the property. This site is suitable for both owner-users and investors, given the limited availability of commercial land in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kootenai
    County
    Bonner
    State
    Idaho
    Longitude
    -116.5171886
    Latitude
    48.3090629

    Nearby Similar for Sale

    • $900,000
      4,104 SF

      Ponderay Commercial Building For Sale

      Two-story commercial building in Ponderay with office spaces and parking.
      137 McGhee Rd, Kootenai, ID 83840
      View Details
    • $9,900,000
      220,000 SF

      Sandpoint Flex Building Campus

      Three-building flex campus with office and warehouse space for sale.
      130 McGhee Road, Kootenai, ID 83840
      View Details
    • $1,275,000
      212,572 SF

      Highway 200 Commercial Land

      Undeveloped commercial/industrial land with high traffic and utilities.
      32056 Highway 200, Kootenai, ID 83864
      View Details

    FAQs

    What type of property is this?
    Commercial land - Undeveloped commercial land with high traffic and utilities.
    Where is this commercial land located?
    The property is located at 32056 Highway 200 Kootenai, ID.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: Strategic location on Highway 200 with high traffic count.; **856 feet of Highway 200 frontage with all‑turns direct access.**; Municipal sewer and water, natural gas, and three‑phase electric power available.
    (208) 255-6137
    We can help!
    Listing Contact
    Raphael Barta
    Raphael Barta
    Real Estate License ID: AB24965
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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