Retail Building with Roll-Up
For Sale
$839,000
415 E 3RD Ave, Post Falls, ID 83854
Commercial Sale, Retail, Post Falls, ID
Property Size4,800 SF
Lot Size0.19 Acres
Price / SF$174.79
Days on Market137
Property Features for 415 E 3RD Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
SmartCode 4
Lot features
Corner Lot, Level
Directions
East on Freeway, take Spokane St exit and go South. Left on 3rd to property on left
Subdivision
02 - Post Falls
Special listing conditions
Short Sale
Standard status
Active
APN
P6900025019A
Size
4,800 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Post Falls, LT 19, 20 Blk 25 PF Downtown URD 2022 0350N05W
Tax Annual Amount
5000
Legal Description
Post Falls, LT 19, 20 Blk 25 PF Downtown URD 2022 0350N05W
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1960
Building materials
Aluminum Siding, Brick, Post & Beam
Roof type
Metal
Architectural style
Other
Listing Agency:
Best Choice Realty LLC
(509) 795-2029
Listed By:
Bettina Ricker · License #SP49807
(509) 981-5166
Added: Jun 7
Changed: Oct 8
Last Checked: Oct 21 at 8:06PM
MLS# 26-5815
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,800-square-foot commercial building offers a flexible layout for retail and office operations. The current configuration includes 3,000 square feet of retail space, 800 square feet of office space, and 1,000 square feet of storage. A roll-up door serves the rear portion of the building, supporting receiving and storage functions. The structure was built in 1960 with aluminum siding, brick, post-and-beam construction, and a metal roof.
Located on two city lots in downtown Post Falls, the property encompasses 0.19 acres. It is zoned SmartCode 4, with an administrative approval process available for changes to the current use allocation. Public water and public sewer serve the property, with electric heating in place.
Located on two city lots in downtown Post Falls, the property encompasses 0.19 acres. It is zoned SmartCode 4, with an administrative approval process available for changes to the current use allocation. Public water and public sewer serve the property, with electric heating in place.
Key Highlights
- 4,800‑square‑foot commercial building on 0.19 acres
- Current layout includes 3,000 SF retail, 800 SF office, and 1,000 SF storage
- Roll‑up door located on the rear half of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,991
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,820
$1.0M
Cap Rate 7%
$742,729
$742.7K
Cap Rate 9%
$577,678
$577.7K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$83.5K $17.40/SF
− Vacancy
−$14.2K −$2.96/SF
EGI
$69.3K $14.44/SF
− OpEx
−$17.3K −$3.61/SF
NOI
$52.0K $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 Rate 5%
$1,039,820
Cap Rate 7%
$742,729
Cap Rate 9%
$577,678
Alternative Uses
Best Use
Office B
$742.7K
$649.9K – $866.5K
NOI $51,991 @ 7.0% cap · market cap 6.20%
Second Best
Retail
$691.2K
$604.8K – $806.4K
NOI $48,384 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.04M
$911.1K – $1.21M
NOI $72,887 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding commercial property with retail, office, and storage areas under SmartCode 4 zoning.
Where is this retail space located?
The property is located at 415 E 3RD Ave Post Falls, ID.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 4,800‑square‑foot commercial building on 0.19 acres; Current layout includes 3,000 SF retail, 800 SF office, and 1,000 SF storage; Roll‑up door located on the rear half of the building
