Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15381 Highway 41 N Rathdrum, ID 83858
    Back to Search
    Property profile & analytics

    15381 Highway 41 N, Rathdrum, ID 83858

    View on Map
    • Office Spaces
    • 3,390 SF
    • 0.14 lot acres
    For Sale
    $548,000
    View Listing →
    Established Office Building For Sale For Sale
    $548,000

    Established Office Building For Sale

    Fully leased office building with frontage on Highway 41.

    15381 N Highway 41, Rathdrum, ID 83858
    View Listing
    Property ID
    US27-0601734
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 15381 Highway 41 N

    Year built
    1946
    Lot size
    0.14 lot acres
    Property type
    Office Spaces
    APN
    R1200001002A
    APU
    R1200001002A

    Description

    This exceptional commercial property, located at 15381 N Highway 41 in Rathdrum, Idaho, presents a lucrative investment opportunity. The Lakeland Business Center is a well-established office building boasting a prime location with significant frontage along Highway 41, ensuring high visibility and accessibility. The 0.14-acre lot houses a building currently operating at 100% occupancy, providing a stable and consistent income stream from long-term tenants. The building benefits from solid rental rates, reflecting its desirable location and established tenant base. While some remodeling was completed in 2000, the property is well-maintained and ready for continued success. The high traffic count on Highway 41 guarantees significant exposure for any business operating within the building. This is an ideal investment for those seeking a stable, income-producing asset in a thriving location. The property's strong tenant history and consistent rental income make it a low-risk, high-reward opportunity. Serious inquiries are encouraged. The building's size is not specified in the provided information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $590,000
      6.5%
      $545,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $687,000
      Market price range: $432k - $1.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rathdrum
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.889
    Latitude
    47.812
    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
    $1,979
    $70,000
    $280,604
    $350,604
    -
    $70,000
    $280,604
    $350,604

    Comparable in this City

    • Value Estimation by Request
      3,268 SF

      8178 Main St

      OFFICE (GENERAL)
      8178 Main St, Rathdrum, ID 83858-6477
      View Details
    • Value Estimation by Request
      3,011 SF

      14950 Coeur Dalene St

      OFFICE (GENERAL)
      14950 Coeur Dalene St, Rathdrum, ID 83858-6484
      View Details
    • Value Estimation
      $1,485,000
      7,980 SF

      8052 Main St

      OFFICE (GENERAL)
      8052 Main St, Rathdrum, ID 83858-4916
      View Details
    • Value Estimation by Request
      2,016 SF

      8015 Main St

      OFFICE (GENERAL)
      8015 Main St, Rathdrum, ID 83858-6476
      View Details
    • Value Estimation by Request
      1,705 SF

      15433 Stevens St

      OFFICE (GENERAL)
      15433 Stevens St, Rathdrum, ID 83858-8377
      View Details
    • Value Estimation
      $770,000
      4,480 SF

      14777 Hwy 53

      OFFICE (GENERAL)
      14777 Hwy 53, Rathdrum, ID 83858-8596
      View Details

    Similar Nearby for Sale

    • $1,669,500
      5,600 SF

      Mixed-Use Building in Downtown Rathdrum

      5,600 sq ft mixed-use building with established tenants.
      7897 W Main St, Rathdrum, ID 83858
      View Details
    • Contact for pricing

      Established Office Building For Sale

      Fully leased office building with frontage on Highway 41.
      15381 Highway 41 N, Rathdrum, ID 83858
      View Details
    • $2,100,000
      7,980 SF

      Rathdrum Commercial Building Investment

      Modern commercial building with high-end finishes and mountain views.
      8052 W Main St, Rathdrum, ID 83858
      View Details
    • $385,000
      1,800 SF

      Rathdrum Commercial Condo For Sale

      1,800 SF industrial condo ideal for contractors, retail, or service.
      13616 State Hwy 53 W, Rathdrum, ID 83858
      View Details
    • $1,669,500
      5,600 SF

      Mixed-Use Building in Downtown Rathdrum

      5,600 sq ft mixed-use building with established tenants.
      7897 W Main St, Rathdrum, ID 83858
      View Details
    • Contact for pricing

      Industrial Warehouse with Office Space

      Well-maintained industrial/warehouse with office space for sale.
      14028 N Ohio St, Rathdrum, ID 83858
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    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.
    15381 Highway 41 N
    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
    15381 Highway 41 N, 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!