Occupied Corner Strip
New
For Sale
Contact for pricing
6055 Government Way, Coeur d Alene, ID 83815
Retail center includes three office-warehouse buildings and maintains full occupancy with established tenants.
Property Size13,420 SF
Price / SF$154.62
Days on Market4
Property Features for 6055 Government Way
General Information
Standard status
Active
Size
13,420 SF
Property subtype
Retail, Office, Industrial
Occupancy
100%
Additional Details
Three-Phase Power
Yes
Building Details
Buildings
4
Tenancy
Multi
Listing Agency:
Widmyer Corporation
(208) 664-5081
Listed By:
Tony Mukhamediyev · License #ID
Source:
Crexi
Added: Aug 9
Changed: Aug 12
Last Checked: Aug 12 at 5:13AM
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 Widmyer Corporation
Investment Insights
Based on property information with market context.
This retail strip center on Government Way includes three office-warehouse buildings positioned behind the primary retail structure. The property combines customer-facing retail space with additional commercial buildings in a single center configuration.
The site occupies a visible corner location in Coeur d'Alene, Idaho. Occupancy is reported at 100%, with established tenants holding long-term occupancy positions across the property.
The site occupies a visible corner location in Coeur d'Alene, Idaho. Occupancy is reported at 100%, with established tenants holding long-term occupancy positions across the property.
Key Highlights
- 13,420 property size
- Retail strip center on Government Way
- Three office‑warehouse buildings behind the retail center
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
$145,359
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
7.01%
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%
$2,907,180
$2.9M
Cap Rate 7%
$2,076,557
$2.1M
Cap Rate 9%
$1,615,100
$1.6M
Market Conditions
NOI Build-Up for 13,420 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
$233.5K $17.40/SF
− Vacancy
−$39.7K −$2.96/SF
EGI
$193.8K $14.44/SF
− OpEx
−$48.5K −$3.61/SF
NOI
$145.4K $10.83/SF
Area
Kootenai County, ID
Vacancy
17.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,907,180
Cap Rate 7%
$2,076,557
Cap Rate 9%
$1,615,100
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.42M
NOI $145,359 @ 7.0% cap · market cap 7.01%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $135,274 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,780 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 83815, ID
39,412
Population
17,031
Households
2.3
Avg Household Size
39
Median Age
33%
College-Educated
96%
High-School Grad
15.6 sq mi
ZIP Area
2,526
Density / Sq Mi
$77,139
Median Household Income
$39,257
Median Earnings
$1,445
Median Rent
$472,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail center includes three office-warehouse buildings and maintains full occupancy with established tenants.
Where is this strip mall located?
The property is located at 6055 Government Way Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: 13,420 property size; Retail strip center on Government Way; Three office‑warehouse buildings behind the retail center
