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

    1040 Mullan Ave Post Falls, ID 83854-6051

    • Assisted living facilities
    • 9,938 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0424692
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Guardian Angel Homes Post Falls / Nursing Home / Retirement Community

    Property Details for 1040 Mullan Ave

    Year built
    2000
    Construction
    FRAME
    Lot size
    1.69 lot acres
    Property size
    9,938 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    PK0790010010
    APU
    PK0790010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $616,000
      Market price range: $213k - $617k

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $440,000
      Current use
      RETAIL STORES
      $895,000
      Change: +104% Conversion: Difficult
      RESTAURANT
      $815,000
      Change: +85% Conversion: Difficult
      MEDICAL BUILDING
      $715,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $625,000
      Change: +43% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $430,000
      Change: -2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $425,000
      Change: -4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Post Falls
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.934
    Latitude
    47.7155
    CBSA code
    17660
    CBSA name
    COEUR D'ALENE, ID METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,894
    $712,029
    $4,285,657
    $4,997,686
    -
    $712,029
    $4,285,657
    $4,997,686

    Comparable in this City

    • Value Estimation
      $875,000
      27,501 SF

      1136 Mullan Ave

      HOMES (RETIRED, NURSING) • 27,501 SF
      1136 Mullan Ave, Post Falls, ID 83854-6050
      View Details
    • Value Estimation
      $2,650,000
      63,432 SF

      460 Gdn Plz

      HOMES (RETIRED, NURSING) • 63,432 SF
      460 Gdn Plz, Post Falls, ID 83854-6437
      View Details
    • Value Estimation by Request
      3,410 SF

      816 Brigger St

      HOMES (RETIRED, NURSING) • 3,410 SF
      816 Brigger St, Post Falls, ID 83854-7680
      View Details
    • Value Estimation by Request
      6,304 SF

      820 William St

      HOMES (RETIRED, NURSING) • 6,304 SF
      820 William St, Post Falls, ID 83854-8657
      View Details
    • Value Estimation by Request
      3,650 SF

      1605 Catherine St

      HOMES (RETIRED, NURSING) • 3,650 SF
      1605 Catherine St, Post Falls, ID 83854-7237
      View Details
    • Value Estimation
      $1,830,000
      42,627 SF

      600 Cecil Rd

      HOMES (RETIRED, NURSING) • 42,627 SF
      600 Cecil Rd, Post Falls, ID 83854-6200
      View Details

    Similar Nearby for Sale

    • $4,500,000
      12,000 SF

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      Commercial real estate • 12,000 SF
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    • $5,500,000
      9.56 Acres

      Post Falls Industrial Warehouse - $5.5M

      Prime Post Falls warehouse, 5,663 sq ft.
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      Prime 1.71-acre Industrial Site
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    • $400,000
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      Post Falls Commercial Land - 1.53 Acres

      Prime Idaho commercial lot, I-90 access.
      0 Riverbend Commerce Park Phase Iii - Replat, Post Falls, ID 83854
      View Details
    • Contact for pricing
      1 SF

      Land Available on West Pointe

      Land for sale on West Pointe Parkway in Post Falls.
      6140 West Pointe Pkwy, Post Falls, ID 83854
      View Details
    • $894,831
      Pending

      Commercial Land in Post Falls

      Commercial land available in high-traffic Post Falls location.
      7 Block 1, Post Falls, ID 83854
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      31,360 SF

      Post Falls Medical Office Complex

      Prime Medical/Retail Space Available
      920 Id-41, Post Falls, ID 83854
      View Details
    • $12 SF/Yr
      6,984 SF

      Former Church Building For Lease

      Single-tenant building on a corner lot with high visibility.
      8076 W Prairie Ave, Post Falls, ID 83854
      View Details
    • Contact for pricing
      5,819 SF

      Highway 41 Retail Suite Opportunity

      High-visibility retail suite available along Highway 41 in Post Falls.
      900 E 12Th Ave, Post Falls, ID 83854
      View Details
    • $1.00 SF/Yr
      2,900 SF

      Retail Space Near I-90

      Retail space with high visibility and ample parking available for rent.
      3920 W 5Th Ave, Post Falls, ID 83854
      View Details
    • $1.25 SF/Yr
      8,671 SF

      Freeway Exposure Flex/Industrial Space

      Flex/Industrial space with high freeway visibility in Kootenai County.
      4077 N Huetter Rd, Post Falls, ID 83854
      View Details
    • Contact for pricing
      50 SF

      Prime Commercial Land for Lease

      Strategically located commercial land in a high-growth area.
      41 Nec Pr Ave & Hwy, Post Falls, ID 83854
      View Details
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    Post Falls, ID 83854-6051
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    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
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