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    Property profile & analytics

    2415 N Government Way Coeur d Alene, ID 83814

    • Strip malls
    • 6,300 SF
    • 0.58 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0473609
    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

    • CV Chiropractic / Alternative Medicine Practice
    • The North Company / Clothing & Fashion Store
    • UpsideDown Event Tents LLC / Advertising Agency / Marketing & Advertising
    • Bookishly Happy Used Book Store / (Bike/Boat/Book/etc) Store
    • Hermine's Old World Confection / Bakery / Take-out & Catering

    Property Details for 2415 N Government Way

    Year built
    1977
    Lot size
    0.58 lot acres
    Property size
    6,300 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    C166500A007A
    APU
    C166500A007A

    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
    Coeur D Alene
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.787
    Latitude
    47.6995
    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
    $4,970
    $550,598
    $411,698
    $962,296
    -
    $550,598
    $411,698
    $962,296

    Comparable in this City

    • Value Estimation
      $1,480,000
      60,943 SF

      200 Sherman Ave

      SHOPPING CENTER, STRIP CENTER • 60,943 SF
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    • Value Estimation by Request
      1,755 SF

      501 4th St

      SHOPPING CENTER, STRIP CENTER • 1,755 SF
      501 4th St, Coeur D Alene, ID 83814-2930
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    • Value Estimation by Request
      4,050 SF

      120 4th St

      SHOPPING CENTER, STRIP CENTER • 4,050 SF
      120 4th St, Coeur D Alene, ID 83814-2706
      View Details
    • Value Estimation by Request
      6,342 SF

      1422 Appleway Ave

      SHOPPING CENTER, STRIP CENTER • 6,342 SF
      1422 Appleway Ave, Coeur D Alene, ID 83814
      View Details
    • Value Estimation by Request
      7,340 SF

      1203 4th St

      SHOPPING CENTER, STRIP CENTER • 7,340 SF
      1203 4th St, Coeur D Alene, ID 83814-3218
      View Details
    • Value Estimation by Request
      4,764 SF

      1130 4th St

      SHOPPING CENTER, STRIP CENTER • 4,764 SF
      1130 4th St, Coeur D Alene, ID 83814-3217
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,980 SF

      Appleway Avenue Retail Opportunity

      Retail space with high visibility and easy I-90 access.
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    • $1,225,000
      3,920 SF

      Downtown Commercial Investment Opportunity

      Fully leased commercial property in Coeur d'Alene's Downtown Core.
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    • New
      $1,100,000
      1,128 SF

      Retail Space Near Spokane River

      Retail space in Atlas Waterfront Community, estimated completion Spring 2026.
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    • $1,950,000
      10,875 SF

      Coeur d'Alene Auto Shop

      10,875 SF building in high-visibility location near I-90.
      2414 N 4Th St, Coeur d Alene, ID 83814
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    • $1,100,000

      Prime Retail in Resort Shops

      Iconic clothing and footwear store in a booming resort town.
      210 E Sherman Ave, Coeur d Alene, ID 83814
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      Coeur d'Alene Athletic Facility Space

      Class A commercial space ideal for fitness and wellness operators.
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    Similar Nearby for Lease

    • $16 SF/Yr
      8,078 SF

      Retail Pad Site Available

      Retail pad site available in community shopping center.
      101 E Appleway Ave, Coeur d Alene, ID 83814
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    • $20 SF/Yr
      1,411 SF

      Retail & Professional Office Space

      Retail and professional office space available for lease.
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      View Details
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      2,972 SF

      Class A Office/Retail Space

      High-visibility Chubbuck office/retail space in prime retail corridor.
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    • $20 SF/Yr
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      Freestanding Retail Space For Lease

      Highly visible retail space available on busy Northwest Blvd.
      1700 Northwest Blvd, Coeur d Alene, ID 83814
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    • $16 SF/Yr
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      Retail Space Available For Lease

      Retail space available for lease in Coeur d'Alene, ID.
      225 W Appleway Ave, Coeur d Alene, ID 83814
      View Details
    • $1.25 SF/Yr
      4,628 SF

      Downtown Coeur d'Alene Commercial Building

      4,628 SF commercial building in downtown Coeur d'Alene.
      1123 E Sherman Ave, 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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