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    675 Kootenai Cutoff Rd Ponderay, ID 83852

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    Retail space available in Walmart anchored shopping center.

    Type:Retail, Office
    Property size:
    2,240 SF
    Added:
    Sep 14, 2023
    Days on Market:
    949
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 675 Kootenai Cutoff Rd

    General Information

    Standard status
    Active
    Size
    2,240 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2002

    Spaces For Lease

    at 675 Kootenai Cutoff Rd Contact us

    Suite A1 $20 /Mo

    Size
    2,240 SF
    Type
    Retail
    Southern Endcap (SUITE A1)nAsking $20.00 /SF/YR + NNN expensesnApproximately ±2,240...
    show more
    Contact us

    We can help!

    Listing Contact
    Chris Schreiber

    Listing agent Chris Schreiber License #ID AB33610

    Listing office Kiemle Hagood

    Listing date Sep 14, 2023

    Source Crexi

    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 Kiemle Hagood

    Overview

    Retail Space in Ponderay

    This retail space, identified as Suite A1, is located at the southern endcap of a shopping center anchored by Walmart. The space is approximately 2,240 square feet and features reciprocal parking and access shared within the larger shopping center. The layout includes slat wall panels and built-in cabinetry, which can be retained or removed based on tenant preference. The property is separately metered for electricity and natural gas and has separate HVAC and climate controls. Security features include a roll-down security system across the glass storefront and wiring for a security/alarm system, including cameras. High-speed fiber optic internet is available. The space has a wide-open floor plan with restrooms and a small storeroom/office at the rear. Previously occupied by GameStop, the property benefits from a complimentary tenant mix of convenience retailers, including tanning, hair, nails, vape, and a liquor store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Clips Hair Salon Lovely Nail Nail Salon Bear Nakd Tanning ... Tanning Salon GameStop Arcade & Gaming Center Idaho State Liquor ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ponderay
    County
    Bonner
    State
    Idaho
    Longitude
    -116.5410869
    Latitude
    48.3092534

    Nearby Similar for Lease

    • Contact for pricing

      Bonner Mall Retail Spaces Available

      Retail spaces for lease at Bonner Mall in Ponderay, ID.
      300 Bonner Mall Way, Ponderay, ID 83852
      View Details
    • $18/mo

      Highway 200 Retail/Office Space

      Suites available for lease with highway exposure and parking.
      30736 Hwy 200, Ponderay, ID
      View Details
    • $12/mo

      Modern Industrial Property with Office

      37,000 SF property with office space in Ponderay, ID.
      850 Hawthorne Ave, Ponderay, ID
      View Details
    • $18/mo

      Retail Space Facing Walmart

      Retail space in Walmart-anchored shopping center, Ponderay, ID.
      675 Kootenai Cutoff Rd, Ponderay, ID
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in Walmart anchored shopping center.
    Where is this retail space located?
    The property is located at 675 Kootenai Cutoff Rd Ponderay, ID.
    What are key features of this property?
    This property features: High‑visibility southern endcap location facing Walmart.; Reciprocal parking and access within a large Walmart‑anchored shopping center.; Incentive: Half off 6 months base rent for qualified tenants.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Schreiber
    Real Estate License ID: ID AB33610
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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.

    More about this property
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