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    77997 State Highway 3, St Maries, ID 83861

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    Claim this Listing
    New
    For Sale
    $1,025,000

    COMMERCIAL - St. Maries, ID

    Property size:
    1,008 SF
    Lot size:
    5.78 Acres
    Price / SF:
    $1,016/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for 77997 State Highway 3

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Exterior features
    Lighting
    Basement
    None
    Standard status
    Active
    APN
    RP45N01W18216A plus two more
    Size
    1,008 SF
    Lot size
    5.78 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    see in documents
    Tax Annual Amount
    1554

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Water source
    Well

    Building Details

    Year built
    1985
    Building materials
    Steel Siding, Pole
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Cindy Perry
    Cindy Perry

    Listing agent Cindy Perry License #SP40645

    Listing office Windermere/Coeur d'Alene Realty Inc 1000 Northwest Blvd, Coeur d' Alene, ID

    Listing date Jun 5, 2026

    MLS# 26-5797

    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

    • Newly rebuilt 28x36 heated shop with concrete floor; original trusses retained and new electrical added
    • RV hookup plus future generator setup for added on‑site power flexibility
    • Existing 27x68 manufactured home pad with power, water, and septic, overlooking a pond
    • Multiple level pads already cut into the property and ready for buildings, equipment storage, or parking
    • 3 separate parcels sold together, with the possibility of purchasing parcels separately
    • Metal roof; electric heat; well water and septic tank

    Overview

    This offering includes three parcels sold together, totaling 5.78 acres, with a newly rebuilt 28-by-36 heated shop. The shop has concrete flooring and uses original trusses, along with new electrical service. The property also includes an existing 27-by-68 manufactured home pad with power, water, and septic already in place, plus an area intended for future generator setup. In addition to these improvements, multiple level pads have been cut into the property and are ready for buildings, equipment storage, or parking.

    The site is located just outside St. Maries along State Highway 3, providing straightforward roadway access for day-to-day operations and deliveries. The manufactured home pad overlooks a pond, and the overall layout supports a mix of work and staging uses across the prepared pad areas.

    The property’s configuration is well-suited for a contractor, mechanic shop, logging-related operations, equipment storage, or an RV setup, with the option to develop additional storage or structures on the cut pads. For buyers looking for a live-work plan, the utilities-ready manufactured home pad provides a practical foundation for a new home or office, while the heated shop supports year-round work and maintenance. Parcels may also be purchased separately, subject to availability.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    St Maries
    County
    Benewah
    State
    Idaho
    Longitude
    -116.547
    Latitude
    47.1781

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    FAQs

    What type of property is this?
    Flex space - Multi-parcel property includes a newly rebuilt heated shop, utilities-ready manufactured home pad, and level pads for storage or building.
    Where is this flex space located?
    The property is located at 77997 State Highway 3 St Maries, ID.
    What is the asking price?
    The asking price for this property is $1,025,000.
    What are key features of this property?
    This property features: Newly rebuilt 28x36 heated shop with concrete floor; original trusses retained and new electrical added; RV hookup plus future generator setup for added on‑site power flexibility; Existing 27x68 manufactured home pad with power, water, and septic, overlooking a pond
    (208) 691-2540
    We can help!
    Listing Contact
    Cindy Perry
    Cindy Perry
    Real Estate License ID: SP40645
    Learn More
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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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