Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Preserve at Gotham Bay Estates Title is generated by Realmo AI

    L2-b4 South Kula Road, Harrison, ID 83833

    View on Map
    Claim this Listing
    For Sale
    $274,950

    Lakefront lots with community water system near Coeur d'Alene.

    Type:Land / 1 - 10 Acres
    Property size:
    72,309 SF
    Lot size:
    1.66 Acres
    Price / SF:
    $3/SF
    Added:
    May 30, 2025
    Days on Market:
    370
    Last Refresh:
    Mar 13 at 1:18 pm

    Property Features for L2-b4 South Kula Road

    General Information

    Standard status
    Active
    Size
    72,309 SF
    Lot size
    1.66 Acres
    Property subtype
    Land / 1 - 10 Acres

    We can help!

    Listing Contact
    Elizabeth S. Anderson
    Elizabeth S. Anderson

    Listing agent Elizabeth S. Anderson License #SP34889

    Listing office Coldwell Banker Schneidmiller Realty

    Listing date May 30, 2025

    Source Compass

    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 Coldwell Banker Schneidmiller Realty

    HighLights

    • Lake front access for secondary lots
    • Community water system eliminates well drilling
    • Conservation subdivision provides privacy and supports wildlife
    • Natural forest and country living
    • Paved road access
    • Close proximity to Coeur d'Alene (25‑minute drive)

    Overview

    These secondary lakefront lots are located in the Preserve at Gotham Bay Estates. The property offers a natural forest and country living environment. A community water system is included, eliminating the need for a well. As part of a conservation subdivision, the property features common areas that enhance privacy and support wildlife. The location is approximately 25 minutes by car from Coeur d'Alene. This is Developer Lot #17. The property size is 72,309 square feet.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.770788
    Latitude
    47.592555

    Nearby Similar for Sale

    • $2,300,000
      8,000 SF

      Lakeview Lodge Hotel in Harrison

      Lakeside hotel with 16 rooms in Harrison, Idaho.
      110 N Coeur d'Alene Avenue, Harrison, ID 83833
      View Details
    • $549,000
      1,536 SF

      Serene Idaho Land Retreat

      20 acres bordering state land, ready for your dream home.
      NKA E Emerald Dr, Harrison, ID 83833
      View Details
    • $109,000

      Land with Creek Near Harrison

      2.89-acre land parcel featuring marketable timber and creek.
      NNA E Bell Canyon Rd, Harrison, ID 83833
      View Details
    • $295,000
      1,728 SF

      Harrison, ID - 10 Acre Retreat

      Stunning 10-acre retreat with home/shop, well, and septic.
      26825 S Cedar Grove Rd, Harrison, ID 83833
      View Details
    • $849,000

      Harrison ID Land with Views

      2.1 acres with lake views, dock, and building plans.
      783 E Cliff View Dr, Harrison, ID 83833
      View Details
    • $599,000

      Lake Coeur d'Alene View Land

      6-acre parcel with panoramic lake views near Coeur d'Alene.
      NKA 1B S Skyview Rd, Harrison, ID 83833
      View Details
    • $250,000

      Harrison, ID Acreage with Boat

      1.23-acre lot with lake views, boat slip, and utilities.
      NNA E Crows Nest Rd, Harrison, ID 83833
      View Details
    • $1,599,000
      448 SF

      Harrison Land with Lake Views

      25-acre parcel with lake and mountain views in Harrison, ID.
      13416 S Runway Ln, Harrison, ID 83833
      View Details
    • $289,900

      Lake Coeur d'Alene View Land

      0.97 acre lot with lake views near Carlin Bay.
      NNA E Deer Rd, Harrison, ID 83833
      View Details
    • $309,500

      Rural Land Parcel with Multiple Sites

      A park-like rural parcel with several potential building sites and access improvements underway.
      Parcel B S Dunlap Rd, Harrison, ID 83833
      View Details
    • $299,500

      Rural Land Parcel with Multiple Sites

      A private, park-like 5-acre parcel with power at the line and multiple building sites for flexible development plans.
      Parcel A S Dunlap Rd, Harrison, ID 83833
      View Details
    • $305,500

      Rural Recreational Land Parcel

      Park-like 5-acre parcel with multiple building sites, power at the line, and a private gated driveway started.
      Parcel C S Dunlap Rd, Harrison, ID 83833
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront lots with community water system near Coeur d'Alene.
    Where is this waterfront land located?
    The property is located at L2-b4 South Kula Road Harrison, ID.
    What is the asking price?
    The asking price for this property is $274,950.
    What are key features of this property?
    This property features: Lake front access for secondary lots; Community water system eliminates well drilling; Conservation subdivision provides privacy and supports wildlife
    (208) 755-8388
    We can help!
    Listing Contact
    Elizabeth S. Anderson
    Elizabeth S. Anderson
    Real Estate License ID: SP34889
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    L2-b4 South Kula Road, Harrison, ID 83833
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!