Veterinary Medical Office
902 N Lincoln Way Coeur d Alene, ID 83814
For Sale
Contact for pricing
Corner lot medical building with reception, exam rooms, surgical area, kennels, paved parking, newer HVAC, and membrane roof.
Property Size2,700 SF
Lot Size0.19 Acres
Price / SF$220.37
Days on Market42
Property Features for 902 N Lincoln Way
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.19 Acres
Property subtype
RETAIL
Listing Agency:
Kiemle Hagood
(208) 929-2929
Listed By:
Craig Hunter · License #AB23315
(208) 929-2929
Source:
Moodyscre
Added: Jun 19
Changed: Jul 28
Last Checked: Jul 29 at 3:16PM
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 Kiemle Hagood
Investment Insights
Based on property information with market context.
This 2,700-square-foot corner lot medical building is zoned C-17 and includes a reception area, two private exam rooms, a surgical area, and kennels, supporting veterinary use. The property was originally built in 1955 and has been remodeled several times. Improvements include newer HVAC systems and a membrane roof, along with paved parking with 10 stalls.
The current tenant is a veterinarian clinic paying $45,717 annually on an NNN basis, with vacancy expected in 2027.
The site offers paved off-street parking and includes excess land with the potential to add a small duplex, subject to applicable approvals.
The current tenant is a veterinarian clinic paying $45,717 annually on an NNN basis, with vacancy expected in 2027.
The site offers paved off-street parking and includes excess land with the potential to add a small duplex, subject to applicable approvals.
Key Highlights
- 0.19‑acre corner lot with a 2,700 SF medical building in C‑17 zoning
- Current veterinarian clinic tenant paying $45,717 annually on NNN through the next 12 months
- Tenant vacates in 2027 and moves into a new building
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $21.00 |
| − Vacancy | −$4.3k | −$1.58 |
| EGI | $52.4k | $19.43 |
| − OpEx | −$21.0k | −$7.77 |
| NOI | $31.5k | $11.66 |
2,700 SF · lease $21.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$449.6K
$393.4K – $524.5K
NOI $31,469 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$585.7K
$512.5K – $683.3K
NOI $40,999 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Corner lot medical building with reception, exam rooms, surgical area, kennels, paved parking, newer HVAC, and membrane roof.
Where is this nnn property located?
The property is located at 902 N Lincoln Way Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 0.19‑acre corner lot with a 2,700 SF medical building in C‑17 zoning; Current veterinarian clinic tenant paying $45,717 annually on NNN through the next 12 months; Tenant vacates in 2027 and moves into a new building
