Flex Space with Workshop
For Sale
Contact for pricing
4415 W Grange Ave, Post Falls, ID 83854
Commercial condo offers insulated garage access, dedicated electrical service, heating, and shared clubhouse amenities.
Property Size900 SF
Price / SF$144.33
Days on Market141
Property Features for 4415 W Grange Ave
General Information
Standard status
Active
Size
900 SF
Property subtype
Land
Warehouse & Industrial
Drive-In Doors
1
Power
100 amps
Amenities
shared clubhouse
TVs
WiFi
bathrooms
meeting room
full kitchen
bar
outdoor pavilion
BBQ
fire pit
Building Details
Year Built
2019
Listing Agency:
Pearl Realty
(208) 762-5500
Listed By:
Joel Pearl · License #DB29302
Source:
Crexi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 30 at 5:16PM
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 Pearl Realty
Investment Insights
Based on property information with market context.
This commercial condo provides a 20' x 45' flexible footprint suited to storage or workshop use. The space includes a 14' x 14' insulated garage door, a separate man door, 100-amp electrical service with multiple 220V outlets, and a heater for year-round usability.
Shared amenities include a fully furnished clubhouse with TVs, WiFi, bathrooms, a meeting room, full kitchen, and bar. An outdoor pavilion adds a BBQ and fire pit for additional gathering space. The adjacent unit is also available for users seeking additional room or a customized configuration. The property is located at 4415 W Grange Ave in Post Falls, Idaho.
Shared amenities include a fully furnished clubhouse with TVs, WiFi, bathrooms, a meeting room, full kitchen, and bar. An outdoor pavilion adds a BBQ and fire pit for additional gathering space. The adjacent unit is also available for users seeking additional room or a customized configuration. The property is located at 4415 W Grange Ave in Post Falls, Idaho.
Key Highlights
- 20' x 45' commercial condo footprint
- 14' x 14' insulated garage door plus separate man door
- 100‑amp electrical service with multiple 220V outlets
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
$6,527
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
5.02%
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%
$130,540
$130.5K
Cap Rate 7%
$93,243
$93.2K
Cap Rate 9%
$72,522
$72.5K
Market Conditions
NOI Build-Up for 900 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
$8.1K $9.00/SF
− Vacancy
−$421 −$0.47/SF
EGI
$7.7K $8.53/SF
− OpEx
−$1.2K −$1.28/SF
NOI
$6.5K $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%
$130,540
Cap Rate 7%
$93,243
Cap Rate 9%
$72,522
Alternative Uses
Best Use
Warehouse
$93.2K
$81.6K – $108.8K
NOI $6,527 @ 7.0% cap · market cap 5.02%
Second Best
Industrial
$76.8K
$67.2K – $89.6K
NOI $5,375 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$195.2K
$170.8K – $227.8K
NOI $13,666 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
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
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 condo offers insulated garage access, dedicated electrical service, heating, and shared clubhouse amenities.
Where is this flex space located?
The property is located at 4415 W Grange Ave Post Falls, ID.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: 20' x 45' commercial condo footprint; 14' x 14' insulated garage door plus separate man door; 100‑amp electrical service with multiple 220V outlets
