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    Property profile & analytics

    1221 Ironwood Dr Coeur d'Alene, ID 83814

    • Office Properties & Spaces
    • 28,224 SF
    • 2.27 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0420441
    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

    • Big Blue Coffee Co. - Business Services / Cafe & Coffee Shop
    • Evans Insurance / Insurance Agency
    • Webbzie / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Heritage Health - 1221 West Ironwood Suite 100 / Community Health Centre / Health Care Facility
    • Auburn Crest Hospice / Nursing Home

    Property Details for 1221 Ironwood Dr

    Year built
    1996
    Lot size
    2.27 lot acres
    Property size
    28,224 SF
    Property type
    Office Properties & Spaces
    APN
    C49700010020
    APU
    C49700010020

    Description

    This exceptional two-story, Class B office building, totaling 28,224 square feet, presents a unique investment opportunity in Coeur d'Alene's thriving Ironwood Medical Corridor. Situated on a 2.27-acre lot between Northwest Blvd and Highway 95, this property enjoys unparalleled access to Riverstone Village and the Kootenai Health Campus, ensuring high visibility and convenient access for tenants and clients. Built in 1996, the single building offers a variety of suite sizes, ranging from 1,615 to 9,085 square feet, accommodating diverse business needs. Currently configured as a multi-tenant property, it caters to traditional office, medical office, and coworking spaces. Ample parking is available for tenants and visitors. The building is zoned C-17 and located in Kootenai County. Leases are full-service, excluding tenant-specific interior janitorial services, providing a streamlined and cost-effective solution for occupants. This well-maintained property boasts a desirable tenant mix, reflecting its prime location and attractive features. The absence of elevators should be noted. This presents a strong opportunity for investors seeking a stable, multi-tenant income stream in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,920,000
      6.5%
      $4,545,000
      7%
      $4,220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,762,000
      Market price range: $1.65M - $8.17M

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

    Location Insight

    • Map
    • Local Demand
    City
    Coeur D Alene
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.803
    Latitude
    47.6983
    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
    $23,032
    $1,710,495
    $2,819,609
    $4,530,104
    -
    $1,710,495
    $2,819,609
    $4,530,104

    Comparable in this City

    • Value Estimation
      $1,215,000
      7,516 SF

      781 Hubbard Ave

      OFFICE (GENERAL) • 7,516 SF
      781 Hubbard Ave, Coeur D Alene, ID 83814
      View Details
    • Value Estimation
      $3,195,000
      22,351 SF

      2502 Sherman Ave

      OFFICE (GENERAL) • 22,351 SF
      2502 Sherman Ave, Coeur D Alene, ID 83814-5823
      View Details
    • Value Estimation by Request
      3,500 SF

      1620 Northwest Blvd

      Office Properties & Spaces • 3,500 SF
      1620 Northwest Blvd, Coeur d'Alene, ID 83814
      View Details
    • Value Estimation
      $4,980,000
      34,731 SF

      101 Ironwood Dr

      OFFICE (GENERAL) • 34,731 SF
      101 Ironwood Dr, Coeur D Alene, ID 83814-1409
      View Details
    • Value Estimation
      $555,000
      3,597 SF

      710 Military Dr

      OFFICE (GENERAL) • 3,597 SF
      710 Military Dr, Coeur D Alene, ID 83814-2251
      View Details
    • Value Estimation
      $895,000
      9,900 SF

      6095 Mullan Trl Rd

      OFFICE (GENERAL) • 9,900 SF
      6095 Mullan Trl Rd, Coeur D Alene, ID 83814-8713
      View Details

    Similar Nearby for Sale

    • $775,000
      98,468 SF

      Coeur d'Alene Medical Office Condo

      Class A medical office, 98,468 SF, $775,000
      980 Ironwood Dr, Coeur d'Alene, ID 83814
      View Details
    • $1,200,000
      5,811 SF

      Coeur d'Alene Commercial Opportunity

      Four units available for sale or lease in Coeur d'Alene.
      950 W Ironwood Dr Unit, Coeur d Alene, ID 83814
      View Details
    • Contact for pricing
      7,018 SF

      Corner Lot Office in District

      Office space in medical district with ample parking.
      Coeur d Alene, ID 83814
      View Details
    • $1,200,000
      5,811 SF

      Coeur d'Alene Commercial Opportunity

      Commercial building in Kootenai Medical Health District, for sale/lease.
      950 W Ironwood Dr, Coeur d Alene, ID 83814
      View Details
    • $3,000,000
      13,742 SF

      Coeur d'Alene Office Building

      Office building near Kootenai Health Campus with leases in place.
      920 Ironwood Dr, Coeur d Alene, ID 83814
      View Details
    • $6,950,000

      Professional Office Building For Sale

      28,418 SF office building on 2.02 acres.
      2123 N Government Way, Coeur d Alene, ID 83814
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      4,000 SF

      Coeur d'Alene Office Space Available

      Two suites, 2,000 sq ft total. Prime Coeur d'Alene location.
      2120 Lakewood Dr, Coeur d'Alene, ID 83814
      View Details
    • $1.50 SF/Yr
      3,693 SF

      Executive Suites, Coeur d'Alene

      Class A Medical Office Condo, 3693 SF
      980 Ironwood Dr, Coeur d'Alene, ID 83814
      View Details
    • $20 SF/Yr
      1,900 SF

      Prime Main Street Executive Office

      1,900 SF Executive Suite Available
      2040 Main St, Coeur d'Alene, ID 83814
      View Details
    • $18 SF/Yr
      15,912 SF

      Lincoln Building: Medical Office Space

      Coeur d'Alene medical office suites available
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      View Details
    • $20 SF/Yr
      2,276 SF

      Coeur d'Alene Office Space

      Office space available for lease in Coeur d'Alene, Idaho.
      1717 Lincoln Way, Coeur d Alene, ID 83814
      View Details
    • $20 SF/Yr
      1,411 SF

      Retail & Professional Office Space

      Retail and professional office space available for lease.
      2187 North Main St, Coeur d Alene, ID 83814
      View Details
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    Coeur d'Alene, ID 83814
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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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