Mixed-Use Property with Auto
New
For Sale
$550,000
503 E 3rd Ave, Post Falls, ID 83854
Commercial Sale, Multi Level, Post Falls, ID
Property Size2,060 SF
Lot Size0.19 Acres
Price / SF$266.99
Days on Market2
Property Features for 503 E 3rd Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SC4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Storage
Lot features
Open Lot, Level, Alley Access
View
Territorial, City
Directions
South on Spokane St, Left on 3rd
Subdivision
02 - Post Falls
Standard status
Active
APN
P6900026012A
Size
2,060 SF
Lot size
0.19 Acres
Additional Details
Real Estate Included
Yes
Automotive Uses
auto repair
Taxes and HOA fees
Tax Year
2025
Tax Description
POST FALLS, LTS 12,13 BLK 26 PF DOWNTOWN URD 2022 0350N05W
Tax Annual Amount
2324
Legal Description
POST FALLS, LTS 12,13 BLK 26 PF DOWNTOWN URD 2022 0350N05W
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
loft for storage
additional floor for storage or office space
Building Details
Year built
1900
Flooring type
Hardwood
Building materials
Wood Siding, Frame
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Buildings
2
Listing Agency:
Windermere/Manito, LLC
(509) 747-1051
Listed By:
Caylin Novell · License #SP51991
(509) 954-9354
Added: Nov 2
Last Checked: Nov 3 at 9:06PM
MLS# 26-10697
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 2,060-square-foot, two-level residence with a 30-by-40-foot, three-floor shop. Recent work to the residence includes paint, flooring, electrical, and furnace updates. The main level has a formal dining area, an unfinished kitchen space, and three bedrooms; the dining area may function as a conference room, while the bedrooms offer office or specialty-service space. The shop includes two automotive service pits, a storage loft, and another floor that can serve as storage or office space.
The property is zoned SC4 and occupies a 0.19-acre lot in Post Falls. Public water and sewer serve the site.
The property is zoned SC4 and occupies a 0.19-acre lot in Post Falls. Public water and sewer serve the site.
Key Highlights
- 2,060‑square‑foot residence with two levels
- 30‑by‑40‑foot shop spanning three floors
- Two automotive service pits, a storage loft, and an additional storage or office floor
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated two-level residence is paired with a three-floor shop configured for automotive work and storage.
Where is this mixed-use property 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 $550,000.
What are key features of this property?
This property features: 2,060‑square‑foot residence with two levels; 30‑by‑40‑foot shop spanning three floors; Two automotive service pits, a storage loft, and an additional storage or office floor
