NNN Investment Property with Two
New
For Sale
$699,000
723 Pine Street, Sandpoint, ID 83864
Two leased commercial buildings combine medical office and kitchen uses with recent building upgrades and off-street parking.
Property Size2,350 SF
Price / SF$297.45
Days on Market2
Property Features for 723 Pine Street
General Information
Standard status
Active
Size
2,350 SF
Zoning
Commercial C-CC
Occupancy
100%
Net Operating Income
$39,829
Financials
Asking Price
$699,000
Cap Rate
5.7%
Additional Details
Office Units
1
Building Details
Year Built
1910
Year Renovated
2024
Buildings
2
Tenancy
Multi
Listing Agency:
Silvercreek Realty Group,LLC
Listed By:
Matthew C Erickson · License #SP57398
(208) 946-8278
Source:
Purewestrealestate
Added: Sep 9
Last Checked: Sep 9 at 3:02PM
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 Silvercreek Realty Group,LLC
Investment Insights
Based on property information with market context.
Located at 723 Pine Street in Sandpoint, this commercial property includes two separately occupied buildings under NNN lease structures. Unit A contains a 1,350 SF medical office leased through July 2030 with annual rent increases. Unit B provides an approximately 1,000 SF commercial kitchen, creating a second operating component within the property.
The improvements include a major remodel completed in 2012, a new roof installed in 2023, and new HVAC added in 2024. Commercial C-CC zoning supports the property's commercial configuration, while off-street parking serves the site. Current annualized NOI is approximately 39,829, with a 5.70 current cap rate. The property is situated in-town in Sandpoint, Idaho.
The improvements include a major remodel completed in 2012, a new roof installed in 2023, and new HVAC added in 2024. Commercial C-CC zoning supports the property's commercial configuration, while off-street parking serves the site. Current annualized NOI is approximately 39,829, with a 5.70 current cap rate. The property is situated in-town in Sandpoint, Idaho.
Key Highlights
- Two commercially zoned buildings at 723 Pine Street, Sandpoint, ID 83864
- Unit A: 1,350 SF medical office leased through July 2030
- Unit B: approximately 1,000 SF commercial kitchen
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 83864, ID
19,414
Population
9,909
Households
2
Avg Household Size
46
Median Age
37%
College-Educated
93%
High-School Grad
402.2 sq mi
ZIP Area
48
Density / Sq Mi
$68,595
Median Household Income
$34,326
Median Earnings
$1,136
Median Rent
$474,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Two leased commercial buildings combine medical office and kitchen uses with recent building upgrades and off-street parking.
Where is this nnn property located?
The property is located at 723 Pine Street Sandpoint, ID.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two commercially zoned buildings at 723 Pine Street, Sandpoint, ID 83864; Unit A: 1,350 SF medical office leased through July 2030; Unit B: approximately 1,000 SF commercial kitchen
