Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Pad on Highway Frontage Title is generated by Realmo AI

    6820 W Heritage St, Rathdrum, ID 83858

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Retail pad site available on high-traffic thoroughfare.

    Type:Land
    Lot size:
    0.98 Acres
    Added:
    Sep 24, 2024
    Days on Market:
    620
    Last Refresh:
    May 12 at 11:04 pm

    Property Features for 6820 W Heritage St

    General Information

    Standard status
    Active
    Lot size
    0.98 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Bell

    Listing agent Chris Bell License #WA 17737

    Listing office NAI Black

    Listing date Sep 24, 2024

    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 NAI Black

    HighLights

    • Located on major arterials Hwy 41 & Hwy 53
    • Shadow anchor to Super One Foods
    • 0.98 Acres ± available
    • Average Daily Traffic Hwy 53 - 15,000 ADT ±
    • Average Daily Traffic Hwy 41 - 14,000 ADT ±
    • Adjacent to Idaho Central Credit Union, Auto Zone, & Bi‑Mart

    Overview

    This 0.98-acre retail pad is available for sale at the intersection of Highway 41 and Highway 53 in Rathdrum, Idaho. The location benefits from its proximity to major arterial roads, with Highway 41 experiencing approximately 14,000 vehicles per day and Highway 53 seeing around 15,000 vehicles per day. The property is shadow-anchored by Super One Foods and is adjacent to Idaho Central Credit Union, Auto Zone, and Bi-Mart.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rathdrum
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.8759418
    Latitude
    47.8176326

    Nearby Similar for Sale

    • $2,100,000
      7,980 SF

      Rathdrum Commercial Building Investment

      Modern commercial building with high-end finishes and mountain views.
      8052 W Main St, Rathdrum, ID 83858
      View Details
    • $499,999
      1,850 SF

      Highway 53 Commercial Property

      Highly visible retail space on a busy transportation corridor.
      14623 W Highway 53, Rathdrum, ID 83858
      View Details
    • $1,425,000
      9,600 SF

      Industrial Warehouse for Sale

      Industrial warehouse on 1.2 acres with utilities and 600 amps 3-phase power delivered by the seller.
      7836 W Boekel Rd, Rathdrum, ID 83858
      View Details
    • $695,000
      2,544 SF

      Newly Renovated Duplex with Fenced Yards

      Renovated duplex offering two 3-bed, 2-bath units, each with an attached two-car garage and fenced back yard.
      13747 N NATALIE St, Rathdrum, ID 83858
      View Details
    • $132,000
      1,000 SF

      Industrial Storage Condo Unit

      Neat, nearly new storage condo with insulated garage door, epoxy flooring, and robust electrical support for boats and RVs.
      508 W GARWOOD Rd, Rathdrum, ID 83858
      View Details
    • $385,000
      1,800 SF

      Rathdrum Commercial Condo For Sale

      1,800 SF industrial condo ideal for contractors, retail, or service.
      13616 W Highway 53, Rathdrum, ID 83858
      View Details
    • $1,199,000
      5,172 SF

      Rathdrum Six-Plex with Updates

      Six-unit multifamily property in Rathdrum, ID with recent updates.
      7005 W Timberline St, Rathdrum, ID 83858
      View Details
    • $1,669,500
      5,600 SF

      Mixed-Use Building in Downtown Rathdrum

      5,600 sq ft mixed-use building with established tenants.
      7897 W Main St, Rathdrum, ID 83858
      View Details
    • $945,283

      Prime Rathdrum Commercial Corner Parcel

      1.6 acre corner parcel in high-growth area.
      16125 N CLOVERDALE St, Rathdrum, ID 83858
      View Details
    • $1,669,500
      5,600 SF

      Mixed-Use Building in Downtown Rathdrum

      5,600 sq ft mixed-use building with established tenants.
      7897 W Main St, Rathdrum, ID 83858
      View Details
    • $599,000

      Rathdrum Land with Mountain Views

      10 acres of private, wooded land near Rathdrum, Idaho.
      NNA W Biggs Rd. Lot 1 & 2, Rathdrum, ID 83858
      View Details
    • $299,000

      Turnkey Restaurant on Highway 53

      Profitable restaurant in Rathdrum with high visibility and strong traffic.
      6613 W Commercial Park Ave, Rathdrum, ID 83858
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail pad site available on high-traffic thoroughfare.
    Where is this commercial land located?
    The property is located at 6820 W Heritage St Rathdrum, ID.
    What is the asking price?
    The asking price for this property is $1,067,220.
    What are key features of this property?
    This property features: Located on major arterials Hwy 41 & Hwy 53; Shadow anchor to Super One Foods; 0.98 Acres ± available
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Bell
    Real Estate License ID: WA 17737
    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
    6820 W Heritage St, Rathdrum, ID 83858
    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!