Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16376 Id-41 Rathdrum, ID 83858
    Back to Search
    Property profile & analytics

    16376 Id-41, Rathdrum, ID 83858

    View on Map
    • Neighborhood centers
    • 47,715 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 16376 Id-41

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents the Lakeland Shopping Center, a well-positioned retail property situated at 16376 ID-41 in Rathdrum, Idaho, zip code 83858. The property encompasses a total of 47,715 square feet across two single-story buildings, classified as Class C. The center is configured as a strip mall, offering multiple tenancy options. Three spaces are currently available for lease, ranging in size from 1,504 square feet to 6,000 square feet, providing flexibility for a variety of retail businesses. The minimum leasable space is 1,504 square feet. The property sits on a generous 4.99-acre lot, providing ample parking and visibility for tenants. Its location in Rathdrum, Idaho offers excellent access to a thriving community and convenient access to major transportation routes. This is an ideal opportunity for businesses seeking a well-established retail space in a high-traffic area. The property's size and layout make it suitable for a variety of retail concepts. Serious inquiries are encouraged to explore this promising investment prospect. The property is zoned for commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rathdrum
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.88
    Latitude
    47.8218

    Comparable in this City

    • Value Estimation
      $840,000
      34,635 SF

      16772 Hwy 41

      SHOPPING CENTER, STRIP CENTER
      16772 Hwy 41, Rathdrum, ID 83858
      View Details
    • Value Estimation by Request
      4,636 SF

      13785 Hwy 53

      SHOPPING CENTER, STRIP CENTER
      13785 Hwy 53, Rathdrum, ID 83858-7397
      View Details
    • Value Estimation by Request
      1.80 Acres

      Sec Of Hwy 41 & Boekel Rd

      Land
      0 Sec Of Hwy 41 & Boekel Rd, Rathdrum, ID 83858
      View Details
    • Value Estimation by Request
      0.93 Acres

      Nec Of Hwy 41 & California St

      Land
      0 Nec Of Hwy 41 & California St, Rathdrum, ID 83858
      View Details
    • Value Estimation by Request
      5.25 Acres

      6444 Id-53

      Land
      6444 Id-53, Rathdrum, ID 83858
      View Details
    • Value Estimation by Request
      10.56 Acres

      16125 Cloverdale St

      Land
      16125 Cloverdale St, Twin Lakes, ID 83858
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Pad on Highway Frontage

      Retail pad site available on high-traffic thoroughfare.
      6820 W Heritage St, Rathdrum, ID 83858
      View Details
    • $399,000

      Land For Sale

      Land available in Bennett Estates, Rathdrum.
      L8 Mountain View Rd, Rathdrum, ID 83858
      View Details
    • $399,000
      10.00 Acres

      Scenic Rathdrum Land with Lake Views

      10-acre property with treehouse, lake views, and building sites.
      Nna Smith St, Rathdrum, ID 83858
      View Details
    • $390,000
      Pending

      Rathdrum Land with Mountain Views

      5-acre parcel with utilities, ready for building near recreation.
      6 Block 2, Rathdrum, ID 83858
      View Details
    • Contact for pricing

      200 AC Land in Rathdrum

      200 AC industrial/residential-zoned land for sale in Rathdrum, Idaho.
      Nwc Wyoming Rd And Greensferry Rd, Rathdrum, ID 83858
      View Details
    • $289,000
      10.00 Acres

      Secluded Land with Spectacular Views

      10 acres of secluded land near town with great views.
      Nna Dazyduck Ct, Rathdrum, ID 83858
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces on Highway 41

      Retail spaces available for lease on busy Highway 41.
      16376 N Highway 41, Rathdrum, ID 83858
      View Details
    • Contact for pricing

      Rathdrum Retail Space For Lease

      Retail space available for lease in Rathdrum, Idaho.
      16376 Id-41, Rathdrum, ID 83858
      View Details
    • Contact for pricing
      2,400 SF

      Rathdrum Commercial Land Opportunity

      Commercial land available for ground lease or build to suit.
      16102-16772 Highway 41 N, Rathdrum, ID 83858
      View Details
    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.
    16376 Id-41
    Rathdrum, ID 83858
    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
    16376 Id-41, Rathdrum, ID, 83858
    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!