Mixed-Use Property with
New
For Sale
$750,000
34135 N Main St, Bayview, ID 83803
Commercial Sale, Retail, Bayview, ID
Property Size3,384 SF
Lot Size0.15 Acres
Price / SF$221.63
Days on Market2
Property Features for 34135 N Main St
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Storage, High Speed Internet, Mini-Split A/C, Phone Prewired
Exterior features
Lighting, Handicap Access
Basement
None
Accessibility
Accessible Approach with Ramp
Subdivision
Bayview
Lot features
Open Lot, Level
View
Territorial, Lake
Directions
From CDA - US-95 N to Exit 449 take R on ID-54 E take 2nd exit to stay on ID-54 E to Bayview Mercantile on L
Standard status
Active
APN
B0999022005A
Size
3,384 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Bayview, Lt 5,6 Block 22 3454N02w
Tax Annual Amount
937
Legal Description
Bayview, Lt 5,6 Block 22 3454N02w
Utilities
Sewer type
Septic Tank
Heating system
Pellet Stove, Electric (Heating), Forced Air
Amenities
outdoor balcony
Building Details
Year built
1947
Building materials
Wood Siding, Asbestos, Fiber Cement, Lap Siding, Frame
Roof type
Rubber, Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Heart and Homes Northwest Realty
(509) 447-3144
Listed By:
Will & Laura Realty · License #SP46329/SP46307
(208) 262-6000
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 9:06AM
MLS# 26-8876
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 mixed-use property pairs a 2,304-square-foot mercantile storefront with a 1,080-square-foot upper-level apartment. The commercial space conveys with existing inventory and equipment, including a walk-in beverage cooler, shelving, display racks, freezers, coolers, register, security equipment, and a firewood box. Improvements include updated paint, siding, electrical work, insulation, roofing, and windows. The building also offers storage, high-speed internet, mini-split A/C, and ramp access.
The apartment includes two bedrooms, one bathroom, and an outdoor balcony oriented toward Lake Pend Oreille and the Bayview town docks. The property occupies 0.15 acres in Bayview and carries Commercial zoning. Built in 1947, the property is served by a septic tank and includes electric and forced-air heating along with a pellet stove.
The apartment includes two bedrooms, one bathroom, and an outdoor balcony oriented toward Lake Pend Oreille and the Bayview town docks. The property occupies 0.15 acres in Bayview and carries Commercial zoning. Built in 1947, the property is served by a septic tank and includes electric and forced-air heating along with a pellet stove.
Key Highlights
- 2,304 SF storefront with current inventory and equipment included
- 1,080 SF upstairs apartment with 2 bedrooms and 1 bathroom
- Outdoor balcony facing Lake Pend Oreille and Bayview town docks
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
$38,967
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
5.20%
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%
$779,340
$779.3K
Cap Rate 7%
$556,671
$556.7K
Cap Rate 9%
$432,967
$433.0K
Market Conditions
NOI Build-Up for 3,384 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
$54.0K $15.96/SF
− Vacancy
−$2.1K −$0.61/SF
EGI
$52.0K $15.35/SF
− OpEx
−$13.0K −$3.84/SF
NOI
$39.0K $11.52/SF
Area
Kootenai County, ID
Vacancy
3.80%
Lease Rate
$15.96 /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%
$779,340
Cap Rate 7%
$556,671
Cap Rate 9%
$432,967
Alternative Uses
Best Use
Specialty Retail
$556.7K
$487.1K – $649.5K
NOI $38,967 @ 7.0% cap · market cap 5.20%
Second Best
Mixed Use
$505.8K
$442.6K – $590.1K
NOI $35,405 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$734.1K
$642.3K – $856.4K
NOI $51,385 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 83803, ID
764
Population
642
Households
1.2
Avg Household Size
57
Median Age
51%
College-Educated
100%
High-School Grad
125.0 sq mi
ZIP Area
6
Density / Sq Mi
$59,307
Median Household Income
$38,472
Median Earnings
$661,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combines a storefront business with an upstairs two-bedroom apartment and lake-facing balcony.
Where is this mixed-use property located?
The property is located at 34135 N Main St Bayview, ID.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,304 SF storefront with current inventory and equipment included; 1,080 SF upstairs apartment with 2 bedrooms and 1 bathroom; Outdoor balcony facing Lake Pend Oreille and Bayview town docks
