Fenced Flex
For Sale
$615,000
616 W Hayden Ave, Hayden, ID 83835
Commercial Sale, Warehouse, Hayden, ID
Property Size2,450 SF
Lot Size0.49 Acres
Price / SF$251.02
Days on Market166
Property Features for 616 W Hayden Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Fencing
Fenced
Lot features
Level
View
City
Directions
From Hwy 95, go west on Hayden Ave, property is on your left just after you pass Shaw St
Subdivision
03 - Hayden
Standard status
Active
APN
H405023190AA
Size
2,450 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Hayden Lake Irr Trs Amended, N 208 Ft-E 120 Ft-Tr 190 2351N04w
Tax Annual Amount
3341
Legal Description
Hayden Lake Irr Trs Amended, N 208 Ft-E 120 Ft-Tr 190 2351N04w
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Electric (Heating)
Water source
Public
Building Details
Year built
1962
Building materials
Aluminum Siding, Frame
Roof type
Aluminum
Architectural style
Other
Listing Agency:
NAI Black
(509) 623-1000
Listed By:
KC Reese · License #SP47173
(208) 755-7629
Added: Apr 10
Changed: Sep 17
Last Checked: Sep 22 at 2:06PM
MLS# 26-4625
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 flex-space property includes a 2,450-square-foot building on a 0.49-acre parcel. Built in 1962, the structure features aluminum siding, frame construction, an aluminum roof, and electric heating. Fencing surrounds the property, defining the site and its outdoor area.
The property is located at 616 W Hayden Ave in Hayden, Idaho, with exposure and frontage along Hayden Avenue. Public water and public sewer serve the property. The combination of building area, commercial zoning, and surrounding land provides a straightforward commercial setting with room for site functions beyond the enclosed structure.
The property is located at 616 W Hayden Ave in Hayden, Idaho, with exposure and frontage along Hayden Avenue. Public water and public sewer serve the property. The combination of building area, commercial zoning, and surrounding land provides a straightforward commercial setting with room for site functions beyond the enclosed structure.
Key Highlights
- 2,450‑square‑foot flex‑space building
- 0.49‑acre parcel
- Commercial zoning
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
$17,768
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
2.89%
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%
$355,360
$355.4K
Cap Rate 7%
$253,829
$253.8K
Cap Rate 9%
$197,422
$197.4K
Market Conditions
NOI Build-Up for 2,450 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
$22.1K $9.00/SF
− Vacancy
−$1.1K −$0.47/SF
EGI
$20.9K $8.53/SF
− OpEx
−$3.1K −$1.28/SF
NOI
$17.8K $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%
$355,360
Cap Rate 7%
$253,829
Cap Rate 9%
$197,422
Alternative Uses
Best Use
Warehouse
$253.8K
$222.1K – $296.1K
NOI $17,768 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$209.0K
$182.9K – $243.9K
NOI $14,632 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$531.5K
$465.0K – $620.1K
NOI $37,203 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial zoning with public water and sewer service.
Where is this flex space located?
The property is located at 616 W Hayden Ave Hayden, ID.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 2,450‑square‑foot flex‑space building; 0.49‑acre parcel; Commercial zoning
