Industrial Shop with Vehicle
For Sale
$570,000
426 N Bay Street, Post Falls, ID 83854
Industrial shop with offices and two-bath layout, including three post vehicle hoists for automotive and related operations.
Property Size2,400 SF
Lot Size0.45 Acres
Price / SF$237.50
Days on Market51
Property Features for 426 N Bay Street
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.45 Acres
Zoning
PF Industrial
Additional Details
Service Bays
3
Building Details
Year Built
2004
Listing Agency:
Windermere/Coeur d'Alene Realty Inc
(208) 691-0390
Listed By:
Josh Suhr · License #SP31054
Source:
Purewestrealestate
Added: Jul 3
Changed: Aug 14
Last Checked: Aug 22 at 5:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere/Coeur d'Alene Realty Inc
Investment Insights
Based on property information with market context.
This industrial property in Post Falls includes a 2,400-square-foot shop with attached office space and two bathrooms. The building is equipped with three post 2 post vehicle hoists, supporting in-shop vehicle maintenance and other light industrial work. The shop/office configuration is straightforward for day-to-day operations where service space and administrative space need to work together.
The site totals 0.45 acre and offers excellent visibility from the road. It is described as conveniently located in town, providing practical access for customers, employees, and deliveries associated with automotive or industrial use.
The hoist setup makes the property particularly well-suited for automotive-related tenants who need dedicated service bays and on-site office space. It also offers an industrial option for operators looking for a shop environment with restroom facilities and the ability to handle vehicles or equipment requiring hoisting. The combination of shop, office, bathrooms, and established lifting equipment supports a functional layout for a service-driven business.
The site totals 0.45 acre and offers excellent visibility from the road. It is described as conveniently located in town, providing practical access for customers, employees, and deliveries associated with automotive or industrial use.
The hoist setup makes the property particularly well-suited for automotive-related tenants who need dedicated service bays and on-site office space. It also offers an industrial option for operators looking for a shop environment with restroom facilities and the ability to handle vehicles or equipment requiring hoisting. The combination of shop, office, bathrooms, and established lifting equipment supports a functional layout for a service-driven business.
Key Highlights
- 0.45‑acre industrial property in Post Falls, ID with visibility from the road
- 2,400 SF shop with office space and two bathrooms
- Includes three post 2 post vehicle hoists for automotive or related industrial work
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
$24,192
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
4.24%
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%
$483,840
$483.8K
Cap Rate 7%
$345,600
$345.6K
Cap Rate 9%
$268,800
$268.8K
Market Conditions
NOI Build-Up for 2,400 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
$36.0K $15.00/SF
− Vacancy
−$1.4K −$0.60/SF
EGI
$34.6K $14.40/SF
− OpEx
−$10.4K −$4.32/SF
NOI
$24.2K $10.08/SF
Area
Kootenai County, ID
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$483,840
Cap Rate 7%
$345,600
Cap Rate 9%
$268,800
Alternative Uses
Best Use
Retail
$345.6K
$302.4K – $403.2K
NOI $24,192 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$204.8K
$179.2K – $238.9K
NOI $14,334 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$520.6K
$455.6K – $607.4K
NOI $36,444 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
76
Shops & Services
9,682 visits/mo
0.3 miles
The UPS Store
Shops & Services
6,487 visits/mo
0.4 miles
Little Caesars Pizza
Dining
3,529 visits/mo
0.3 miles
Jiffy Lube
Shops & Services
926 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Broken Arrow Auto Repair — 426 N Bay St, Post Falls, ID 83854
- Bradley’s Mobile RV Repair — 1910 E 1st Ave, Post Falls, ID 83854
- A Body Shop — 706 E 3rd Ave, Post Falls, ID 83854
- Franko’s Auto Salon — 1011 E 3rd Ave, Post Falls, ID 83854
- Franks Tire & Repair and Towing LLC — 702 E 3rd Ave, Post Falls, ID 83854
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial shop with offices and two-bath layout, including three post vehicle hoists for automotive and related operations.
Where is this auto shop located?
The property is located at 426 N Bay Street Post Falls, ID.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 0.45‑acre industrial property in Post Falls, ID with visibility from the road; 2,400 SF shop with office space and two bathrooms; Includes three post 2 post vehicle hoists for automotive or related industrial work
