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    137 Mcghee Rd Kootenai, ID 83840

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    For Sale
    Contact for pricing

    Well-maintained retail/office space, Idaho.

    Property size:
    4,104 SF

    Property Features for 137 Mcghee Rd

    General Information

    Property type
    Land
    Square Feet
    4,104 SF
    Class
    B
    Lot Size
    25,265 SF

    Building Details

    Year Built
    1998
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Kirsten Madden
    Kirsten Madden

    Listing Agency: CENTURY 21 Four Seasons Realty Listing Agent: Kirsten Madden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial/light industrial property in Kootenai, Idaho, presents a unique investment opportunity. The well-maintained building offers over 4,100 square feet of adaptable space, perfect for a variety of uses. The ground floor features multiple private offices, two large classrooms, a full kitchen, laundry facilities, and two ADA-compliant restrooms. Upstairs, a spacious conference room and additional office space are complemented by another ADA-compliant restroom. Situated on a landscaped 0.58-acre lot, the property boasts 22 parking spaces and attractive garden areas. Its convenient location among corporate offices provides easy town access, and all utilities are readily available on-site. Previously used as a preschool, this versatile building is ready for immediate occupancy and offers significant potential for various business ventures. The property is zoned for commercial/light industrial use and features a Class B building constructed in 1998. The asking price is $900,000, translating to $219.30 per square foot. The property is vacant and offered as a fee simple ownership. This is a prime opportunity for an owner/user seeking a retail/office space in a desirable Idaho location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Pharmacy Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kootenai
    County
    Boundary
    State
    Idaho
    Longitude
    -116.52443962528
    Latitude
    48.311197836779

    Nearby Similar for Sale

    • $9,900,000
      220,000 SF

      Sandpoint Flex Building Campus

      Three-building flex campus with office and warehouse space for sale.
      130 Mcghee Rd, Kootenai, ID 83840
      View Details
    • $900,000
      4,104 SF

      Kootenai Commercial Building - Prime Location

      Versatile Space, Half-Acre Lot, High Visibility
      137 Mcghee Rd, Kootenai, ID 83840
      View Details
    • $9,900,000
      219,380 SF

      Sandpoint Tech Center Investment

      Idaho Flex Space, Value-Add Opportunity
      228 Mcghee Rd, Kootenai, ID 83840
      View Details

    FAQs

    What type of property is this?
    Land - Well-maintained retail/office space, Idaho.
    Where is this land located?
    The property is located at 137 Mcghee Rd Kootenai, ID.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Commercial light industrial zoning.; Excellent Kootenai, Idaho location.; 4,100 square feet of flexible space.
    (208) 267-2100 Call to check price and availability
    Request Owner's contact information
    137 Mcghee Rd Kootenai, ID 83840
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    Kootenai, ID 83840
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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
    137 Mcghee Rd Kootenai, ID 83840
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kirsten Madden
    Kirsten Madden
    Real Estate License ID: DB36948
    (208) 267-2100 (208) 597-4894
    Learn more
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