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    2605 Boyer Ave Sandpoint, ID 83864-9434
    Property profile & analytics

    2605 Boyer Ave, Sandpoint, ID 83864-9434

    View on Map
    • Industrial properties
    • 7,200 SF
    • 2.15 lot acres
    Off-Market
    Property ID
    US27-1046638
    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
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pneumex / Physical Fitness Program / Medical Supply Store
    • Fast Centre / Health

    Property Details for 2605 Boyer Ave

    Year built
    2001
    Lot size
    2.15 lot acres
    Property type
    Industrial properties
    APN
    RPS00000105300A
    APU
    RPS00000105300A

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 12, 2025 — Holding The Bear LLC — Deed · related $760k · Potlatch No 1 FCU
    Mar 14, 2025 — Reger Jorn — Deed · related $808k · Bankcda
    May 30, 2019 — Pneumex INC — Deed · related $600k · Columbia State Bank

    Description

    This exceptional Sandpoint commercial property at 2605 Boyer offers a substantial 9,600 square foot warehouse facility ideally suited for a variety of businesses. The building boasts 7,200 square feet of covered, easily accessible warehouse space, complemented by approximately 2,000 square feet of well-appointed office space situated on a mezzanine level. The main level features a large reception and executive office area, providing a professional and welcoming entrance. Convenient access is ensured by large overhead bay doors located on both the side and rear of the building, facilitating efficient vehicle entry and delivery services. Employee amenities are plentiful, including a spacious common kitchen and lunch area, ample bathroom facilities, and a dedicated locker room. The property is equipped with three-phase power and natural gas. Durable concrete floors throughout the warehouse ensure easy movement of materials and equipment. The mezzanine level offers multiple private offices, a large conference room, a training area, and additional bathroom facilities. A unique feature is the inclusion of a dog kennel area, catering to employees who wish to bring their pets to work. This 2.15-acre property presents significant expansion opportunities for growing enterprises. The combination of ample warehouse space, modern office amenities, and convenient location makes this an exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $598,000
      Market price range: $357k - $871k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $585,000
      Current use
      COMMERCIAL (GENERAL)
      $805,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.558
    Latitude
    48.2986
    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
    $4,780
    $468,265
    $495,442
    $963,707
    -
    $468,265
    $495,442
    $963,707

    Comparable in this City

    • Value Estimation
      $555,000
      12.19 Acres

      Boyer Ave

      INDUSTRIAL (GENERAL)
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      INDUSTRIAL (GENERAL)
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      1220 Baldy Mtn Rd

      INDUSTRIAL (GENERAL)
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      1033 Baldy Mtn Rd

      INDUSTRIAL (GENERAL)
      1033 Baldy Mtn Rd, Sandpoint, ID 83864-9202
      View Details
    • Value Estimation
      $505,000
      7,000 SF

      1411 Division Ave

      INDUSTRIAL (GENERAL)
      1411 Division Ave, Sandpoint, ID 83864-8944
      View Details
    • Value Estimation by Request
      1.65 Acres

      1334 Ella Ave

      INDUSTRIAL (GENERAL)
      1334 Ella Ave, Sandpoint, ID 83864
      View Details

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      Enhanced RV & Warehouse Storage Unit

      Completely finished storage unit with loft, insulated door, and dedicated RV/boat power hookup in a secured facility.
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      1,000 SF

      Finished Storage Unit with RV Hookup

      Heated, fully finished unit with 14' insulated door and dedicated RV/boat power hookup for flexible storage and warehousing.
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    Similar Nearby for Lease

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      Warehouse and Office Flex Facility

      Industrial warehouse with office, large fenced yard, and multiple oversized overhead doors for truck-access operations.
      1308 Ontario St, Sandpoint, ID 83864
      View Details
    • $18 SF/Yr

      Office Suite for Lease

      Suite 201 offers a turnkey option for professional teams seeking dedicated office space in Sandpoint.
      1224 Washington Ave, Sandpoint, ID 83864
      View Details
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    Sandpoint, ID 83864-9434
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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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