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    Heated Shop and RV Hookup Title is generated by Realmo AI

    77997 State Highway 3, St Maries, ID 83861

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    Claim this Listing
    New
    For Sale
    $475,000

    COMMERCIAL - St. Maries, ID

    Property size:
    1,008 SF
    Lot size:
    1.98 Acres
    Price / SF:
    $471/SF
    Added:
    Jun 5, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 7 at 6:06 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
    RP45N01W18216B
    Size
    1,008 SF
    Lot size
    1.98 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S18 T45N R1W TAX #822A & S2 TAX #433 (IN SENE)
    Tax Annual Amount
    1127

    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# 26-5806

    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 and original trusses retained
    • Shop includes new electrical, plus RV hookup and future generator setup
    • Existing 27x68 manufactured home pad with power, water, and septic, overlooking a pond
    • Level pad cut into the property and ready for buildings, equipment storage, recreation storage, or parking
    • Well water and septic tank; metal roof; steel siding/pole construction
    • Year built 1985, with additional adjoining parcels available

    Overview

    The property includes a newly rebuilt 28x36 heated shop with a concrete floor and new electrical, while retaining the original trusses. The site is also set up with an RV hookup and a future generator setup. In addition, there is an existing 27x68 manufactured home pad with power, water, and septic, overlooking a pond and ready for a new home or office.

    Set on 1.98 acres just outside St. Maries, the parcel offers level areas that have been cut into the property and are ready for additional buildings, equipment storage, recreation storage, or parking. The property is zoned Commercial and is located at 77997 State Highway 3.

    This layout supports a range of practical uses. For contractors, mechanics, and logging operations, the heated shop and on-site storage areas can accommodate equipment work and ongoing staging. For recreational vehicle setups, the existing RV hookup provides a straightforward on-site solution. The utility-ready manufactured home pad and level buildable areas also support an owner-user arrangement where a residence and workspace can be planned together, with additional adjoining parcels available.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Similar Places Nearby

    • Riverside Storage — Idaho 83861
    • Big Fish Self Storage — 198 E Meadowhurst Dr, St Maries, ID 83861
    • Backyard Portable Mini Storage — St Maries, ID 83861

    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?
    Warehouse - Newly rebuilt heated shop plus RV hookups and utility-ready home pad on a level commercial parcel.
    Where is this warehouse 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 $475,000.
    What are key features of this property?
    This property features: Newly rebuilt 28x36 heated shop with concrete floor and original trusses retained; Shop includes new electrical, plus RV hookup and future generator setup; 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.

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