Two-Story Office Building Near
Coeur d'Alene, ID 83814 Coeur d Alene, ID 83814
For Sale
$3,250,000
Two-story office building near Lake Coeur d'Alene and Spokane River.
Property Size17,341 SF
Price / SF$187.42
Days on Market251
Property Features
General Information
Standard status
Active
Size
17,341 SF
Property subtype
Office
Building Details
Year Built
1991
Listing Agency:
(509) 954-2001
Listed By:
Chris Bell, SIOR
(509) 954-2001
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 10
Last Checked: Jul 29 at 6:02AM
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.
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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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.
