Two-Story Office Building Near
For Sale
$3,250,000
Coeur d'Alene, ID 83814, Coeur d Alene, ID 83814
Two-story office building near Lake Coeur d'Alene and Spokane River.
Property Size17,341 SF
Price / SF$187.42
Days on Market330
Property Features
General Information
Standard status
Active
Size
17,341 SF
Class
B
Property subtype
Office
Building Details
Building Size
17,341 SF
Year Built
1991
Listed By:
Chris Bell, SIOR
(509) 954-2001
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 10
Last Checked: Oct 16 at 6:53AM
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 Chris Bell, SIOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 17,341 square foot two-story office building is situated on 1.06 acres near Lake Coeur d'Alene and the Spokane River. The property is positioned along Northwest Boulevard, benefiting from high traffic and strong visibility. The existing tenancy is primarily month-to-month, presenting a value-add opportunity. Approximately 50 surface parking stalls are available. Zoned C-17, the property allows for a wide range of commercial uses. Located in a tight office market with limited inventory and new construction, this property is suitable for investors, developers, or owner-users seeking growth or repositioning opportunities in Coeur d'Alene.
Key Highlights
- High‑traffic location on Northwest Blvd near Lake Coeur d'Alene and the Spokane River provides strong visibility.
- Value‑add potential due to majority month‑to‑month tenancy.
- Located in a tight office market with limited inventory and new construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,829
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,756,580
$3.8M
Cap Rate 7%
$2,683,271
$2.7M
Cap Rate 9%
$2,086,989
$2.1M
Market Conditions
NOI Build-Up for 17,341 SF
Gross rent
$301.7K $17.40/SF
− Vacancy
−$51.3K −$2.96/SF
EGI
$250.4K $14.44/SF
− OpEx
−$62.6K −$3.61/SF
NOI
$187.8K $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%
$3,756,580
Cap Rate 7%
$2,683,271
Cap Rate 9%
$2,086,989
Alternative Uses
Best Use
Office B
$2.68M
$2.35M – $3.13M
NOI $187,829 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,320 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building near Lake Coeur d'Alene and Spokane River.
Where is this office building located?
The property is located at Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: High‑traffic location on Northwest Blvd near Lake Coeur d'Alene and the Spokane River provides strong visibility.; Value‑add potential due to majority month‑to‑month tenancy.; Located in a tight office market with limited inventory and new construction.
