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    1302 Ontario St Sandpoint, ID 83864

    Sponsored
    For Sale
    $2,449,000

    High-yield warehouse, 100% occupied.

    Property size:
    18,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully leased, single-tenant warehouse complex ideally situated at 1302 Ontario Street in Sandpoint, Idaho. The property boasts a total of 18,290 square feet across two single-story buildings, constructed in 1987 and situated on a 0.75-acre lot. Benefitting from convenient access to US Highway 2, this location offers excellent visibility and accessibility. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $127,500, translating to an attractive 5.21% capitalization rate. The asking price is $2,449,000, representing a compelling price per square foot. The property features one loading dock and one dock-high door, catering to efficient logistics. This stabilized investment, with a gross lease structure, presents a rare opportunity to acquire a high-performing asset in a desirable location. The property's strong tenancy and consistent cash flow make it an ideal addition to any investment portfolio. The property is located just outside of Downtown Sandpoint, offering a blend of accessibility and proximity to local amenities. This is a turnkey investment ready for immediate income generation.

    Property Features for 1302 Ontario St

    General Information

    Property type
    Distribution properties
    Square Feet
    18,290 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built
    1987
    Buildings
    2
    Stories
    1

    HighLights

    • $2,449,000 asking price for a stabilized industrial investment.
    • 18,290 square foot warehouse with 100% occupancy.
    • 5.21% cap rate and $127,500 net operating income (NOI).
    • Gross lease, single‑tenant occupancy.
    • Two single‑story buildings on a 0.75‑acre lot in Sandpoint, ID.
    • One loading dock and one dock‑high door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.5668111
    Latitude
    48.2661208

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    FAQs

    What type of property is this?
    Distribution property - High-yield warehouse, 100% occupied.
    Where is this distribution property located?
    The property is located at 1302 Ontario St Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $2,449,000.
    What are key features of this property?
    This property features: $2,449,000 asking price for a stabilized industrial investment.; 18,290 square foot warehouse with 100% occupancy.; 5.21% cap rate and $127,500 net operating income (NOI).
    Request Owner's contact information
    1302 Ontario St Sandpoint, ID 83864
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    Sandpoint, ID 83864
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    Realmo Value Estimation

    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.

    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.

    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
    1302 Ontario St Sandpoint, ID 83864
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