Flex Space Condo With Insulated Garage
For Sale
$115,000
Pending
4415 W Grange Ave, Post Falls, ID 83854
COMMERCIAL - Post Falls, ID
Property Size898 SF
Lot Size0.09 Acres
Days on Market49
Property Features for 4415 W Grange Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
County- LI
Interior features
Storage, Cable Internet Available, Handicap Restrooms
Basement
None
Accessibility
Accessible Approach with Ramp
Lot features
Level
View
Territorial
Directions
HWY 53 to Pleasant View Road, Turn Right onto W Grange Avenue, Turn Right into Premier Garage Condos.
Subdivision
02 - Post Falls
Standard status
Pending
APN
0L71600B0060
Size
898 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PREMIER GARAGE CONDOS PROJECT AMENDMENT NO 1, UNIT 6 BLDG B & UNDIV INT IN COMMON AREA 3051N05W
Tax Annual Amount
722
Legal Description
PREMIER GARAGE CONDOS PROJECT AMENDMENT NO 1, UNIT 6 BLDG B & UNDIV INT IN COMMON AREA 3051N05W
Amenities
shared clubhouse with TVs, WiFi, bathrooms, meeting room, full kitchen and bar
outdoor pavilion with BBQ and fire pit
Building Details
Year built
2019
Building materials
Steel Siding, Steel Frame
Roof type
Metal
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Pearl Realty, LLC
(208) 762-5500
Listed By:
Joel Pearl · License #DB29302
(208) 762-5500
Added: Jun 30
Changed: Aug 6
Last Checked: Aug 17 at 3:06PM
MLS# 26-6738
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 versatile flex space commercial condo offers a functional 20' x 45' layout with a 14' x 14' insulated garage door and convenient man-door entry. Electrical service is available, making the space well suited for storage or workshop use. Interior features include storage, and cable internet is available. Accessibility is supported with an accessible approach with ramp, along with handicap restrooms.
Constructed with a steel frame and steel siding and built in 2019, the property is topped with a metal roof. The condo configuration is sized on a 0.09-acre lot.
Residents and users also have access to a fully furnished shared clubhouse with TVs, WiFi, bathrooms, a meeting room, and a full kitchen and bar. The shared outdoor area includes a pavilion with BBQ and a fire pit, providing an added setting for both work-related activities and downtime.
Constructed with a steel frame and steel siding and built in 2019, the property is topped with a metal roof. The condo configuration is sized on a 0.09-acre lot.
Residents and users also have access to a fully furnished shared clubhouse with TVs, WiFi, bathrooms, a meeting room, and a full kitchen and bar. The shared outdoor area includes a pavilion with BBQ and a fire pit, providing an added setting for both work-related activities and downtime.
Key Highlights
- 20' x 45' flex space condo with 14' x 14' insulated garage door
- Man‑door entry plus electrical service available
- Storage, cable internet available, and handicap restrooms
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
$6,512
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
5.66%
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%
$130,240
$130.2K
Cap Rate 7%
$93,029
$93.0K
Cap Rate 9%
$72,356
$72.4K
Market Conditions
NOI Build-Up for 898 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
−$420 −$0.47/SF
EGI
$7.7K $8.53/SF
− OpEx
−$1.1K −$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%
$130,240
Cap Rate 7%
$93,029
Cap Rate 9%
$72,356
Alternative Uses
Best Use
Warehouse
$93.0K
$81.4K – $108.5K
NOI $6,512 @ 7.0% cap · market cap 5.66%
Second Best
Industrial
$76.6K
$67.0K – $89.4K
NOI $5,363 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$194.8K
$170.5K – $227.3K
NOI $13,636 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex condo in LI zoning with an insulated garage door, man-door entry, and electric service plus 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 $115,000.
What are key features of this property?
This property features: 20' x 45' flex space condo with 14' x 14' insulated garage door; Man‑door entry plus electrical service available; Storage, cable internet available, and handicap restrooms
