Back to Search
Two-Story Office Building Near Lake

Coeur d'Alene, ID 83814 Coeur d Alene, ID 83814

Claim this Listing
For Sale
$3,250,000

Two-story office building near Lake Coeur d'Alene and Spokane River.

Type:Office
Property size:
17,341 SF
Price / SF:
$187/SF
Added:
Nov 21, 2025
Days on Market:
232
Last Refresh:
May 9 at 12:41 am

Property Features

General Information

Standard status
Active
Size
17,341 SF
Property subtype
Office

Building Details

Year Built
1991

Listing office

Listing date Nov 21, 2025

Source Naiglobal

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


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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $301.7k $17.40
− Vacancy −$51.3k −$2.96
EGI $250.4k $14.44
− OpEx −$62.6k −$3.61
NOI $187.8k $10.83
17,341 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.68M
$2.35M – $3.13M (±1% cap)
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 (±1% cap)
NOI $263,320 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

FAQs

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.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message