Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spirit Lake Waterfront Buildable Lot Title is generated by Realmo AI

    7060 West Tesemini Drive, Spirit Lake, ID 83869

    View on Map
    Claim this Listing
    For Sale
    $275,000

    Rare buildable lot near Spirit Lake with community dock access.

    Type:Land / Unimproved Land
    Property size:
    16,553 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $16/SF
    Added:
    Jun 7, 2025
    Days on Market:
    362
    Last Refresh:
    Mar 13 at 11:21 am

    Property Features for 7060 West Tesemini Drive

    General Information

    Standard status
    Active
    Size
    16,553 SF
    Lot size
    0.38 Acres
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Tracey Tindall
    Tracey Tindall

    Listing agent Tracey Tindall License #25010464

    Listing office The Experience Northwest

    Listing date Jun 7, 2025

    Source Compass

    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 The Experience Northwest

    HighLights

    • Buildable secondary waterfront lot in Spirit Shores WITH PRIVATE COMMUNITY DOCK ACCESS.
    • City water, city sewer, and electricity are stubbed to the property.
    • Minutes from downtown Spirit Lake and the public boat ramp.
    • Serene setting bordering large parcels of timber and wildlife.
    • Access to Spirit Lake for fishing, jet skiing, boating, kayaking, and ice fishing.
    • Road frontage on a city street with paved road.

    Overview

    This rare secondary waterfront lot is located in Spirit Shores, minutes from downtown and the public boat ramp. City water, city sewer, and electricity are stubbed to the property. The well-maintained parcel is situated in the northeast corner of Spirit Lake, at the back of the neighborhood, and is surrounded by large parcels of timber and wildlife. The property offers access to fishing, jet skiing, boating, kayaking, and ice fishing on Spirit Lake. It also includes private community access with a dock. The lot, encompassing 16553 square feet, offers possibilities for future construction and outdoor activities.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spirit Lake
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.8797328
    Latitude
    47.9661128

    Nearby Similar for Sale

    • $1,600,000
      9,600 SF

      Spirit Lake Industrial Building

      9,600 SF industrial building on 2 acres for sale.
      275 Industrial Park Ave, Spirit Lake, ID 83869
      View Details
    • $925,000
      1,876 SF

      Prime Commercial Lots in Spirit Lake

      Exceptional commercial opportunity in a growing North Idaho community.
      32173 N 5th Ave, Spirit Lake, ID 83869
      View Details
    • $485,000
      2,852 SF

      Spirit Lake Commercial Opportunity

      Turn-key restaurant opportunity with apartment and garage in Spirit Lake.
      6242 W Maine St, Spirit Lake, ID 83869
      View Details
    • $640,000
      3,596 SF

      Mixed-Use Investment Property, Spirit Lake

      Four-unit mixed-use property with value-add potential in Spirit Lake.
      6276 W MAINE St, Spirit Lake, ID 83869
      View Details
    • $640,000
      3,596 SF

      Mixed-Use Investment Property in Spirit Lake

      Four-unit mixed-use property with commercial space and residential apartments.
      6276 W MAINE St, Spirit Lake, ID 83869
      View Details
    • $640,000
      4,325 SF

      Mixed-Use Investment Property, Spirit Lake

      Four-unit mixed-use property with value-add potential in Spirit Lake.
      6236 W MAINE St, Spirit Lake, ID 83869
      View Details
    • $640,000
      4,325 SF

      Mixed-Use Investment Property in Spirit

      Four-unit mixed-use property with commercial space and residential apartments.
      6236 W MAINE St, Spirit Lake, ID 83869
      View Details
    • $1,750,000

      Spirit Lake Industrial Subdivision Land

      6.77-acre parcel approved for 4-lot industrial subdivision.
      BLK 1 LOT 6 Industrial Park Ave, Spirit Lake, ID 83869
      View Details
    • $339,000

      Spirit Lake Wooded Building Lot

      4.5-acre wooded lot ready for your dream home.
      Lt 2 Blk 3 Wendland Way, Spirit Lake, ID 83869
      View Details
    • $329,000

      Spirit Lake Wooded Lot

      4.9-acre wooded lot in Spirit Lake, ready to build.
      Lt 2 Blk 1 Wendland Way, Spirit Lake, ID 83869
      View Details
    • $139,900
      43,560 SF

      One-Acre Parcel in Spirit Lake

      Flat, R-1 zoned lot in Spirit Lake, Idaho.
      NKA Lot 5 Block 109 jefferson st, Spirit Lake, ID 83869
      View Details
    • $295,000
      1,500 SF

      Spirit Lake 5-Acre Parcel

      5-acre parcel with shop near Spirit Lake, Idaho.
      4757 W Spirit Bend Ave, Spirit Lake, ID 83869
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare buildable lot near Spirit Lake with community dock access.
    Where is this waterfront land located?
    The property is located at 7060 West Tesemini Drive Spirit Lake, ID.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Buildable secondary waterfront lot in Spirit Shores WITH PRIVATE COMMUNITY DOCK ACCESS.; City water, city sewer, and electricity are stubbed to the property.; Minutes from downtown Spirit Lake and the public boat ramp.
    (208) 818-2365
    We can help!
    Listing Contact
    Tracey Tindall
    Tracey Tindall
    Real Estate License ID: 25010464
    Learn More
    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
    7060 West Tesemini Drive, Spirit Lake, ID 83869
    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!