Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1189 Woodland Dr Sandpoint, ID 83864

    • Industrial land
    • 1.64 lot acres
    For Sale
    View listing
    $5,685,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-1003164
    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

    • Industrial land

    Property Details for 1189 Woodland Dr

    Lot size
    1.64 lot acres
    Property type
    Industrial land
    APN
    RPS38850000190A
    APU
    RPS38850000190A

    Description

    This exceptional offering presents an unparalleled opportunity to acquire two brand-new duplex hangars situated on a spacious 1.64-acre lot at the prestigious Sandpoint Airpark (KSZT). Constructed in 2024, these structures boast a total of 24,000 square feet of meticulously designed hangar space, divided into four individual bays. Each hangar unit measures an impressive 75 feet by 80 feet, providing ample room for various aircraft and equipment. The all-steel construction ensures durability and longevity, while the modern amenities enhance functionality and comfort. High-performance 18' x 70' bi-fold hangar doors allow for easy access, complemented by infrared natural-gas heating and energy-efficient LED high-bay lighting. Plumbing is roughed in within each hangar, and each unit benefits from a robust 200-amp electrical service. Adding to the versatility, the east bays feature convenient 12' x 14' roll-up RV doors. Units A & B, located along Woodland Drive, offer unique public access independent of the airport property, making them suitable for a diverse range of commercial applications. The presence of windows and man doors on this side further enhances the potential for various business uses. Sandpoint Airport itself is a fully operational public airport, featuring a substantial 5501 by 75-foot asphalt runway. This property represents a rare combination of prime location, modern construction, and exceptional functionality, ideal for discerning buyers seeking a high-value investment in the Sandpoint area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.562
    Latitude
    48.3051
    CBSA code
    41760
    CBSA name
    SANDPOINT, ID MICROPOLITAN 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
    2024
    $3,489
    $716,130
    $0.00
    $716,130
    -
    $716,130
    $0.00
    $716,130

    Comparable in this City

    • Value Estimation by Request
      2.14 Acres

      Airpark Ln

      INDUSTRIAL - VACANT LAND • 2.14 Acres
      Airpark Ln, Sandpoint, ID 83864
      View Details
    • Value Estimation by Request
      0.36 Acres

      Baldy Mtn Rd

      INDUSTRIAL - VACANT LAND • 0.36 Acres
      Baldy Mtn Rd, Sandpoint, ID 83864
      View Details
    • Value Estimation by Request
      0.37 Acres

      Flightline Way

      INDUSTRIAL - VACANT LAND • 0.37 Acres
      Flightline Way, Sandpoint, ID 83864
      View Details
    • Value Estimation by Request
      0.15 Acres

      Corsair St

      INDUSTRIAL - VACANT LAND • 0.15 Acres
      Corsair St, Sandpoint, ID 83864
      View Details
    • Value Estimation by Request
      0.17 Acres

      Corsair St

      INDUSTRIAL - VACANT LAND • 0.17 Acres
      Corsair St, Sandpoint, ID 83864
      View Details
    • Value Estimation by Request
      0.15 Acres

      Corsair St

      INDUSTRIAL - VACANT LAND • 0.15 Acres
      Corsair St, Sandpoint, ID 83864
      View Details

    Similar Nearby for Sale

    • $394,650

      Sandpoint Industrial Land Opportunity

      Industrial land in Kodiak Park, Sandpoint, near key transportation routes.
      1300 Air Park Ln, Sandpoint, ID 83864
      View Details
    • $399,000
      1.00 Acre

      Sandpoint Land Development Opportunity

      Prime .98-acre industrial land with utilities in Sandpoint, Idaho.
      2413 N Boyer Ave, Sandpoint, ID 83864
      View Details
    • $865,000
      0.31 Acres

      Ski-In/Ski-Out Homesite with Views

      Premier homesite with panoramic views and ski-in/ski-out access.
      L3 B4, Sandpoint, ID 83864
      View Details
    • $399,000
      1.22 Acres

      Idaho Club Building Lot

      1.22-acre building lot in the gated Idaho Club community.
      161 Brightwater Ln, Sandpoint, ID 83864
      View Details
    • $365,000
      0.41 Acres

      Schweitzer Mountain Resort Land

      Residential lot near Schweitzer Village with utilities available.
      Blk4 Ullr Dr, Sandpoint, ID 83864
      View Details
    • $1,750,000
      9.69 Acres

      Land Near Schweitzer Mountain Resort

      9.69 acres near Schweitzer Mountain Ski Resort.
      Nna Schweitzer Mtn Rd, Sandpoint, ID 83864
      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.
    1189 Woodland Dr
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.