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    319 Church St Sandpoint, ID 83864
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    319 Church St Sandpoint, ID 83864

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    • Commercial land
    For Sale
    $1,790,000
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    Downtown Sandpoint Development Opportunity For Sale
    $1,790,000

    Downtown Sandpoint Development Opportunity

    Prime commercial land for development in downtown Sandpoint, Idaho.

    319 Church Street, Sandpoint, ID 83864
    View Listing
    Property ID
    US27-1043199
    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

    • Chapin Frank L / Tax Preparation

    Property Details for 319 Church St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Development opportunity in the heart of Downtown Sandpoint, Idaho! Tucked between the base of Schweitzer Ski Resort and the shores of Lake Pend Oreille a large parcel comprised of addresses 311, 315 & 319 (Chapin Bldg.) Church Street. Full Survey, traffic count report (2021) and Conceptual Renderin ... g completed. This high profile build site offers a 22,000 s/f building footprint in the center of downtown, overlooking the post office, Farmers Market, on the Spot bus route and in one of the 'Most beautiful small towns in America'.Conceptual offers a 6 story building with 80+ units, including commercial, residential with mountain & water view units and dedicated parking level.These 6 adjacent lots are Zoned Commercial A and create a tremendous opportunity located just 3 blocks to City Beach & Marina and at the base of World Class Schweitzer Ski Resort.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.550604
    Latitude
    48.273788

    Comparable in this City

    • $457,380

      Sandpoint Industrial Land Opportunity

      Industrial land in Kodiak Park, Sandpoint, near key transportation routes.
      1300 Air Park Ln, Sandpoint, ID 83864
      View Details
    • Contact for pricing
      Pending

      Sandpoint Airport Access Commercial Parcel

      Commercial parcel with direct airport access in Sandpoint, Idaho.
      2703 North Boyer Ave, Sandpoint, ID 83864
      View Details
    • $249,000
      0.45 Acres

      Schweitzer Building Lot Opportunity

      Building lot near Schweitzer village with mountain and lake views.
      Nka Parallel Run Blk 6, Sandpoint, ID 83864
      View Details
    • $1,275,000
      212,572 SF

      Highway 200 Commercial Land

      Undeveloped commercial/industrial land with high traffic and utilities.
      32056 Highway 200, Kootenai, ID 83864
      View Details
    • $249,000
      0.43 Acres

      Schweitzer Building Lot with Views

      Building lot near village with mountain and potential lake views.
      Nka Parallel Run Blk 6, Sandpoint, ID 83864
      View Details
    • $3,200,000
      4.32 Acres

      Prime Vacant Land Opportunity

      4.32-acre vacant land with highway access near downtown Sandpoint.
      64 W Bronx Rd, Sandpoint, ID 83864
      View Details

    Similar Nearby for Sale

    • $3,200,000
      4.32 Acres

      Prime Vacant Land Opportunity

      4.32-acre vacant land with highway access near downtown Sandpoint.
      64 W Bronx Rd, Sandpoint, ID 83864
      View Details
    • $249,000
      0.43 Acres

      Schweitzer Building Lot with Views

      Building lot near village with mountain and potential lake views.
      Nka Parallel Run Blk 6, Sandpoint, ID 83864
      View Details
    • $249,000
      0.45 Acres

      Schweitzer Building Lot Opportunity

      Building lot near Schweitzer village with mountain and lake views.
      Nka Parallel Run Blk 6, Sandpoint, ID 83864
      View Details
    • New
      $325,000
      1.05 Acres

      Idaho Club Building Site

      One acre building site at the Idaho Club.
      White Cloud Dr, Sandpoint, ID 83864
      View Details
    • $1,275,000
      212,572 SF

      Highway 200 Commercial Land

      Undeveloped commercial/industrial land with high traffic and utilities.
      32056 Highway 200, Kootenai, ID 83864
      View Details
    • $465,000
      0.44 Acres

      Schweitzer Mountain Building Lot

      0.44 acre building lot with lake views.
      Nna Mogul Hl Rd, Sandpoint, ID 83864
      View Details
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    Sandpoint, ID 83864
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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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