Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spokane River Development Opportunity Title is generated by Realmo AI

    6722 E Marine Dr, Post Falls, ID 83854

    View on Map
    Claim this Listing
    For Sale
    $8,990,000

    LAND - Post Falls, ID

    Lot size:
    10.85 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    45
    Last Refresh:
    Jun 3 at 8:06 am

    Property Features for 6722 E Marine Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    50N05W123300
    Lot size
    10.85 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    TAX #10038 EX TAX #8399 12 50N 05W, TAX #5672 125N05W, TAX #4563 EX TAX # & EX E 120 FT 1250N05W
    Tax Annual Amount
    17426

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well
    Water front
    1

    We can help!

    Listing Contact
    Mindy Yount
    Mindy Yount

    Listing agent Mindy Yount License #SP45973

    Listing office EXP Realty 1653 E Braemere, Boise, ID

    Listing date Apr 20, 2026

    MLS# 26-3705 Listing URL

    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

    • 10.85 acres with ~400' of deep‑water Spokane River frontage.
    • Development opportunity 6 miles from Lake Coeur d'Alene.
    • Three contiguous parcels offer scale and flexibility for residential or mixed‑use development.
    • Existing docks, pilings, marine rail infrastructure, and shop structures included.
    • Additional upland area supports expanded lot yield and phased development.
    • Site of historic Mish‑an‑nock vessel construction, offering unique branding potential.

    Overview

    This exceptional development opportunity consists of 10.85 acres with approximately 400 feet of deep-water frontage on the Spokane River, situated 6 miles downriver from Lake Coeur d'Alene. The property comprises three contiguous parcels, offering scale and flexibility for residential or mixed-use development, subject to approval. Existing docks, pilings, marine rail infrastructure, and shop structures are present, providing immediate utility and potential for continued use. Additional upland area supports expanded lot yield and phased development concepts. The site, historically known for the Mish-an-nock vessel construction and launch in 1968, offers unique branding potential. Two existing homes are located on the property and are included at no contributory value. The value is driven by the land, waterfront frontage, existing waterfront improvements, and development upside within the growing Spokane-Coeur d'Alene Corridor. The property is zoned for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Post Falls
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.91268
    Latitude
    47.698743

    Nearby Similar for Sale

    • $800,000
      2,000 SF

      Post Falls Commercial Office Space

      Class A medical/office space for sale or lease in Post Falls.
      Lt 10 Bk1 W Prairie Ave, Post Falls, ID 83854
      View Details
    • $535,000
      2,760 SF

      Post Falls Commercial Opportunity

      Mixed-use property in Post Falls business center.
      212 E Mullan Ave, Post Falls, ID 83854
      View Details
    • $1,995,000
      3,200 SF

      Post Falls Commercial Building on Acre

      Commercial building on 1 acre with highway frontage.
      2315 N HIGHWAY 41, Post Falls, ID 83854
      View Details
    • $730,000
      1,800 SF

      Warehouse/Shop/Office Building on Seltice Way

      Well-maintained commercial building with warehouse, office, and yard space.
      6120 E Seltice Way, Post Falls, ID 83854
      View Details
    • $2,050,000
      6,944 SF

      Post Falls Professional Office Building

      6,944 SF office building in a desirable Post Falls location.
      1581 E Edmondton Ave, Post Falls, ID 83854
      View Details
    • $849,000

      Prime Commercial Land, Post Falls

      High-visibility 1.7-acre commercial site with income potential.
      4764 E Seltice Way, Post Falls, ID 83854
      View Details
    • $3,950,000
      3,200 SF

      Prime Development Land on Highway

      Highly visible 4.09 acre commercial development property on Highway 41.
      4089 E Hope Ave, Post Falls, ID 83854
      View Details
    • $749,000
      3,480 SF

      Post Falls Commercial Building

      Commercial building in Post Falls with warehouse and office space.
      706 E 3rd Ave, Post Falls, ID 83854
      View Details
    • $2,450,000
      9,300 SF

      Versatile Facility on 4.5 Acres

      Event center, offices, classrooms, chapel, home, and shop.
      19459 W Riverview Dr, Post Falls, ID 83854
      View Details
    • $1,089,864
      60,548 SF

      Prime Commercial Lot, Post Falls

      Shovel-ready commercial lot near I-90 in Post Falls.
      1251 E Polston Ave, Post Falls, ID 83854
      View Details
    • $642,500
      5,000 SF

      Commercial Storage Units For Sale

      Five commercial storage units totaling 5,000 sq ft available.
      6829 W Seltice Way, Post Falls, ID 83854
      View Details
    • $980,100
      54,450 SF

      Prime Commercial Lot, Post Falls

      Shovel-ready commercial lot near I-90 in Post Falls.
      1180 E Mullan Ave, Post Falls, ID 83854
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 10.85 acres with ~400' of deep-water frontage.
    Where is this waterfront land located?
    The property is located at 6722 E Marine Dr Post Falls, ID.
    What is the asking price?
    The asking price for this property is $8,990,000.
    What are key features of this property?
    This property features: 10.85 acres with ~400' of deep‑water Spokane River frontage.; Development opportunity 6 miles from Lake Coeur d'Alene.; Three contiguous parcels offer scale and flexibility for residential or mixed‑use development.
    (208) 691-6696
    We can help!
    Listing Contact
    Mindy Yount
    Mindy Yount
    Real Estate License ID: SP45973
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6722 E Marine Dr, Post Falls, ID 83854
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!