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    Turnkey Automotive Service Shop Title is generated by Realmo AI

    503 E 3rd Ave, Post Falls, ID 83854

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    For Sale
    $500,000

    COMMERCIAL - Post Falls, ID

    Property size:
    2,060 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $242/SF
    Added:
    Apr 2, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 503 E 3rd Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    SC4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Basement
    Crawl Space
    Standard status
    Active
    APN
    P6900026012A
    Size
    2,060 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Post Falls, Lts 12,13 Block 26 Pf Downtown Urd 2022 0350N05w
    Tax Annual Amount
    2324

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Other (Heating)
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Wood Siding, Frame
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Caylin Novell

    Listing agent Caylin Novell License #SP51991

    Listing office Windermere/Manito, LLC 2829 W Grand Blvd Suite 101, Spokane, ID

    Listing date Apr 2, 2026

    MLS# 26-2971

    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.

    HighLights

    • Commercial property with shop featuring service pits and a loft for storage
    • Private alley entrance provides access to the shop
    • Hardwood flooring throughout the home
    • Three upstairs bedrooms can be converted into private offices
    • Main floor includes conference‑like setup with space for printer and sitting area, plus access to kitchen and bathroom
    • Services include public water and public sewer; roof is composition

    Overview

    This turnkey automotive service shop is set up with both work and customer-facing workspace in mind, including service pits and a loft area for storage. The main floor offers a conference-like arrangement with space for a printer and a sitting area, along with access to a kitchen and a bathroom. Hardwood flooring runs throughout the home portion, and the layout includes three upstairs bedrooms that can be converted into private offices to support shop operations.

    The property is located at 503 E 3rd Ave in Post Falls, Idaho, on a 0.19-acre lot. Zoning is listed as SC4. A private alley entrance provides direct shop access, supported by a private alley entry that separates vehicle operations from the building’s office space.

    For buyers seeking a ready-to-run facility, the combination of shop improvements and flexible office conversion options can streamline daily operations. The service pits and loft storage support in-shop mechanical work, while the conference-like main area and potential private offices can accommodate management, customer coordination, or administrative functions within the same building. The SC4 zoning provides a basis for a variety of commercial automotive-related uses under local code, subject to approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ross Point Truck Repair — 4300 E Seltice Way, Post Falls, ID 83854
    • Truck & Rv Repair — post falls, id 83854
    • Dent Hunter Paintless Dent Repair — 4744 E Mossberg Cir, Post Falls, ID 83854
    • Golden Rule Brake - Post Falls — 3826 E Seltice Way, Post Falls, ID 83854
    • Cj's Towing And Recovery LLC — 55 n cedar st, post falls, id 83854

    Location Insight

    • Map
    • Local Demand
    City
    Post Falls
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.94152
    Latitude
    47.708516

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    FAQs

    What type of property is this?
    Auto shop - Turnkey service shop with on-site office-style space and service pits, plus a loft for storage and private alley access.
    Where is this auto shop located?
    The property is located at 503 E 3rd Ave Post Falls, ID.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Commercial property with shop featuring service pits and a loft for storage; Private alley entrance provides access to the shop; Hardwood flooring throughout the home
    (509) 954-9354
    We can help!
    Listing Contact
    Caylin Novell
    Real Estate License ID: SP51991
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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