Medical Office Condominium with Exterior
980 Ironwood, Coeur d Alene, ID 83814
For Sale
$449,000
The raw-shell suite includes a share of building common areas and amenities, with on-site garage parking.
Property Size3,693 SF
Price / SF$121.58
Days on Market10
Property Features for 980 Ironwood
General Information
Standard status
Size
Class
Property subtype
Additional Details
Condition
Asking Price
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
0.00
Building Details
Year Built
Buildings
Stories
Listing Agency:
Kiemle Hagood
Listed By:
Pat Eberlin · License ID #37348
(208) 215-1375
Source:
Clearwaterproperties
Added: Nov 1
Changed: Nov 10
Last Checked: Nov 10 at 5:46AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,693-usable-square-foot medical office condominium is offered in raw-shell condition. The suite has a direct exterior entrance, a feature shared by only one other suite in the building. Ownership includes a pro rata interest in the common areas and amenities of the four-level professional office property, built in 2006.
On-site parking is provided in a garage with a covered drive-through entry. The property is located at 980 Ironwood in Coeur d’Alene, Idaho.
On-site parking is provided in a garage with a covered drive-through entry. The property is located at 980 Ironwood in Coeur d’Alene, Idaho.
Key Highlights
- 3,693 usable square feet in raw‑shell condition
- Direct exterior entrance; one of only two suites in the building with this feature
- Pro rata share of common areas and amenities in a four‑level professional office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,001
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,020
$800.0K
Cap Rate 7%
$571,443
$571.4K
Cap Rate 9%
$444,456
$444.5K
Market Conditions
NOI Build-Up for 3,693 SF
Gross rent
$64.3K $17.40/SF
− Vacancy
−$10.9K −$2.96/SF
EGI
$53.3K $14.44/SF
− OpEx
−$13.3K −$3.61/SF
NOI
$40.0K $10.83/SF
Area
Kootenai County, ID
Vacancy
17.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,020
Cap Rate 7%
$571,443
Cap Rate 9%
$444,456
Alternative Uses
Best Use
Healthcare Medical
$614.9K
$538.0K – $717.4K
NOI $43,042 @ 7.0% cap · market cap 9.59%
Second Best
Office B
$571.4K
$500.0K – $666.7K
NOI $40,001 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$801.1K
$701.0K – $934.6K
NOI $56,077 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,054
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The raw-shell suite includes a share of building common areas and amenities, with on-site garage parking.
Where is this medical office space located?
The property is located at 980 Ironwood Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,693 usable square feet in raw‑shell condition; Direct exterior entrance; one of only two suites in the building with this feature; Pro rata share of common areas and amenities in a four‑level professional office building
