Mixed-Use Property with Auto
New
For Sale
$550,000
503 3rd, Post Falls, ID 83854
A two-level residence is paired with a three-floor shop equipped with two automotive work pits.
Property Size2,060 SF
Price / SF$266.99
Days on Market2
Property Features for 503 3rd
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Commercial
Zoning
Smart Code 4 - Downtown Post Falls
Automotive
Service Bays
2
Automotive Uses
auto repair
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$2,324
Amenities
2.00
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Windermere/Manito, LLC
Listed By:
Caylin Novell · License #SP51991
(509) 954-9354
Source:
Clearwaterproperties
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 4 at 3:03PM
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/Manito, LLC
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Investment Insights
Based on property information with market context.
The property combines a two-level residence with a 30-by-40-foot shop arranged across three floors. The shop has two pits for automotive work, a loft for storage, and another level that can serve as storage or office space. Recent improvements include paint, flooring, electrical work, and a furnace.
Inside the residence, the main level includes a formal dining room, an unfinished kitchen space, and three bedrooms. The dining area may be adapted as a conference room, while the bedrooms offer potential for office or specialty-service use. The property is zoned Smart Code 4 and is located in downtown Post Falls.
Inside the residence, the main level includes a formal dining room, an unfinished kitchen space, and three bedrooms. The dining area may be adapted as a conference room, while the bedrooms offer potential for office or specialty-service use. The property is zoned Smart Code 4 and is located in downtown Post Falls.
Key Highlights
- 30‑by‑40‑foot shop with three floors
- Two pits for automotive work
- Shop includes a storage loft and another floor for storage or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,553
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,060
$431.1K
Cap Rate 7%
$307,900
$307.9K
Cap Rate 9%
$239,478
$239.5K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$37.1K $18.00/SF
− Vacancy
−$2.6K −$1.26/SF
EGI
$34.5K $16.74/SF
− OpEx
−$12.9K −$6.28/SF
NOI
$21.6K $10.46/SF
Area
Kootenai County, ID
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,060
Cap Rate 7%
$307,900
Cap Rate 9%
$239,478
Alternative Uses
Best Use
Mixed Use
$307.9K
$269.4K – $359.2K
NOI $21,553 @ 7.0% cap · market cap 3.92%
Second Best
Retail
$296.6K
$259.6K – $346.1K
NOI $20,765 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$446.9K
$391.0K – $521.4K
NOI $31,281 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level residence is paired with a three-floor shop equipped with two automotive work pits.
Where is this mixed-use property located?
The property is located at 503 3rd Post Falls, ID.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 30‑by‑40‑foot shop with three floors; Two pits for automotive work; Shop includes a storage loft and another floor for storage or office use
