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    2850 Ramsey Rd Coeur d'Alene, ID 83815

    Sponsored
    For Sale
    $7,000,000

    High-yield NNN retail investment, 100% occupied.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a stabilized, multi-tenant shopping center in Coeur d'Alene, Idaho. The property boasts two free-standing buildings totaling approximately 6,415 square feet, situated on a prominent 53,000 square foot hard corner lot. Anchored by a Starbucks with a 10-year lease and a MultiCare-Indigo Urgent Care facility with a 15-year build-to-suit lease, the center enjoys 100% occupancy and a strong tenant profile featuring corporate guarantees. The property benefits from a highly visible location with excellent access to Interstate 90 via Ramsey Road, multiple left-turn access points, and major traffic signals at key intersections. The current Net Operating Income (NOI) is $303,000, yielding a 4.60% cap rate. Built in 2021, the property is zoned CCS and features a 10% rent bump in the second five years of the lease terms. This is a rare opportunity to acquire a high-performing, well-located retail investment with significant long-term growth potential in a thriving Idaho market. The property's strategic location near a 72,000 square foot WinCo Foods further enhances its desirability and ensures consistent high traffic volume. This offering presents a compelling investment opportunity for discerning buyers seeking a stable, high-return asset.

    Property Features for 2850 Ramsey Rd

    General Information

    Property type
    Lifestyle centers

    Building Details

    Year Built
    2021
    Buildings
    2

    HighLights

    • $7,000,000 asking price for a stabilized NNN retail investment.
    • 100% occupied, two‑building shopping center with a 4.60% cap rate and $303,000 NOI.
    • Located in Coeur d'Alene, Idaho, on a 53,000 square foot lot at 2850 N Ramsey Rd, 83815.
    • Tenants include Starbucks (2,000 sf, 10‑year lease) and MultiCare‑Indigo Urgent Care (4,415 sf, 15‑year lease), featuring corporate guarantees.
    • Built in 2021, with a CCS zoning designation and rent bumps of 10% in the second five years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Coeur d'Alene
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.80759
    Latitude
    47.70434

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield NNN retail investment, 100% occupied.
    Where is this lifestyle center located?
    The property is located at 2850 Ramsey Rd Coeur d'Alene, ID.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: $7,000,000 asking price for a stabilized NNN retail investment.; 100% occupied, two-building shopping center with a 4.60% cap rate and $303,000 NOI.; Located in Coeur d'Alene, Idaho, on a 53,000 square foot lot at 2850 N Ramsey Rd, 83815.
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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
    2850 Ramsey Rd Coeur d'Alene, ID 83815
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