Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1St Ave Sandpoint, ID 83864

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1St Ave Sandpoint, ID 83864

    View on Map
    • Commercial real estate
    • 13,404 SF
    • 2.61 lot acres
    For Sale
    $3,995,000
    View Listing →
    Sandpoint Commercial Trio: Prime Location For Sale
    $3,995,000
    13,404 SF

    Sandpoint Commercial Trio: Prime Location

    Downtown Sandpoint, high-grossing, development potential.

    1St Ave, Sandpoint, ID 83864
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1St Ave

    Year built
    1975
    Lot size
    2.61 lot acres
    Property size
    13,404 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial investment opportunity encompasses three parcels totaling 2.61 acres on North 1st Avenue in the heart of Sandpoint, Idaho. Boasting 13,404 square feet of existing commercial space, this property enjoys unparalleled visibility and high foot traffic, situated between Main Street and Cedar Street – the highest-grossing commercial block in town. Currently occupied by established, long-term tenants, this portfolio provides immediate and substantial rental income. The property's prime location offers significant potential for future development. Zoned Commercial A, the site allows for construction up to 65 feet, presenting a unique chance to create a mixed-use project that capitalizes on Sandpoint's thriving downtown area. The property's frontage on Sand Creek adds to its aesthetic appeal and desirability. This is a rare chance to acquire a significant piece of Sandpoint's commercial core, offering both immediate return on investment and exciting long-term development possibilities. The existing buildings provide a stable income stream while the zoning and location present a compelling opportunity for future expansion or redevelopment. This is a generational opportunity to own a piece of Sandpoint's vibrant commercial landscape. Don't miss this chance to shape the future of downtown Sandpoint.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.513
    Latitude
    48.3102

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

      100 Ave Ave

      Commercial real estate • 0.37 Acres
      100 Ave Ave, Sandpoint, ID 83864
      View Details
    • Value Estimation
      $810,000
      3.84 Acres

      510 Olive Ave

      COMMERCIAL (GENERAL) • 3.84 Acres
      510 Olive Ave, Sandpoint, ID 83864-4805
      View Details
    • Value Estimation by Request
      2,660 SF

      1411 Lk St

      COMMERCIAL (GENERAL) • 2,660 SF
      1411 Lk St, Sandpoint, ID 83864-1776
      View Details
    • Value Estimation by Request
      3,705 SF

      1513 Hemlock Ct

      COMMERCIAL (GENERAL) • 3,705 SF
      1513 Hemlock Ct, Sandpoint, ID 83864-8279
      View Details
    • Value Estimation by Request
      4,212 SF

      201 Superior St

      COMMERCIAL (GENERAL) • 4,212 SF
      201 Superior St, Sandpoint, ID 83864-1390
      View Details
    • Value Estimation
      $1,155,000
      21,150 SF

      Sandpoint, ID 83864

      COMMERCIAL (GENERAL) • 21,150 SF
      Sandpoint, ID 83864
      View Details

    Similar Nearby for Sale

    • $345,000
      2,000 SF

      Sandpoint Commercial Condo - Prime Location

      Secure Storage, High Ceilings, Amenities Galore
      4002 Boyer Rd, Sandpoint, ID 83864
      View Details
    • $3,995,000
      13,404 SF

      Sandpoint Commercial Trio: Prime Location

      Downtown Sandpoint, high-grossing, development potential.
      1St Ave, Sandpoint, ID 83864
      View Details
    • $1,795,000
      9,000 SF

      Sandpoint Commercial Property

      Prime Location, Multiple Uses, High ROI
      521 3Rd Ave, Sandpoint, ID 83864
      View Details
    • $549,500

      Land For Sale

      Land available on Tall Timber in Sandpoint, Idaho.
      752 Tall Timber Rd, Sandpoint, ID 83864
      View Details
    View Listing
    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.
    1St Ave
    Sandpoint, ID 83864
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!