Mixed-Use Building in Downtown
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7897 Main St, Rathdrum, ID 83858
5,600 sq ft mixed-use building with established tenants.
Property Size5,600 SF
Price / SF$298.13
Days on Market159
Property Features for 7897 Main St
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Mixed Use, Retail
Occupancy
100%
Building Details
Year Built
2008
Units
3
Listing Agency:
Pearl Realty
(208) 762-5500
Listed By:
Joel Pearl · License #DB29302
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 11 at 12:13PM
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 Pearl Realty
Investment Insights
Based on property information with market context.
This 5,600 sq ft mixed-use building is located in downtown Rathdrum and offers immediate income with three established tenants. Lake City Auto occupies the downstairs office and auto shop space. There are also two fully leased residential units upstairs, providing additional steady cash flow. The property is positioned on Main Street and benefits from frontage and visibility, as well as walkable access to local restaurants, parks, and nearby hiking trails. This is a turnkey investment with built-in revenue and long-term upside potential.
Key Highlights
- Immediate income from three established tenants (Lake City Auto and two residential units).
- Prime Main Street location in downtown Rathdrum with excellent frontage and visibility.
- 5,600 sq ft mixed‑use building offering diverse income streams.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,590
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,171,800
$1.2M
Cap Rate 7%
$837,000
$837.0K
Cap Rate 9%
$651,000
$651.0K
Market Conditions
NOI Build-Up for 5,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.8K $18.00/SF
− Vacancy
−$7.1K −$1.26/SF
EGI
$93.7K $16.74/SF
− OpEx
−$35.2K −$6.28/SF
NOI
$58.6K $10.46/SF
Area
Kootenai County, ID
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,171,800
Cap Rate 7%
$837,000
Cap Rate 9%
$651,000
Alternative Uses
Best Use
Mixed Use
$837.0K
$732.4K – $976.5K
NOI $58,590 @ 7.0% cap · market cap 3.51%
Second Best
Retail
$806.4K
$705.6K – $940.8K
NOI $56,448 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,035 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
Taco Bell
Dining
13,732 visits/mo
0.5 miles
Exxon
Shops & Services
4,578 visits/mo
0.3 miles
Conoco
Shops & Services
3,912 visits/mo
0.3 miles
Demographics for 83858, ID
17,113
Population
7,660
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
112.1 sq mi
ZIP Area
153
Density / Sq Mi
$93,006
Median Household Income
$38,717
Median Earnings
$1,244
Median Rent
$452,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 5,600 sq ft mixed-use building with established tenants.
Where is this mixed-use property located?
The property is located at 7897 Main St Rathdrum, ID.
What is the asking price?
The asking price for this property is $1,669,500.
What are key features of this property?
This property features: Immediate income from three established tenants (Lake City Auto and two residential units).; Prime Main Street location in downtown Rathdrum with excellent frontage and visibility.; 5,600 sq ft mixed‑use building offering diverse income streams.
