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    Property profile & analytics

    6848 N Government Way Coeur d Alene, ID 83815

    • Strip malls
    • 22,694 SF
    • 1.95 lot acres
    For Sale
    View listing
    $150,000
    Last Sale
    Sep 18, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0540874
    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

    • Strip malls

    Property Details for 6848 N Government Way

    Year built
    1997
    Lot size
    1.95 lot acres
    Property size
    22,694 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    D5600002001A
    APU
    D5600002001A

    Description

    This exceptional opportunity presents a well-established floral shop in the thriving Coeur d'Alene, Idaho area. Boasting over 20 years of successful operation, this business is ideally situated within Silver Lake Square, benefiting from high visibility and ample parking. The shop's prime end-unit location allows for prominent signage, maximizing its marketing potential. Currently serving Coeur d'Alene, Dalton Gardens, Hayden, and Post Falls, this profitable business offers significant growth opportunities through expansion into wedding, funeral, or online wire services. The current owner has cultivated a strong reputation, evidenced by a 4.5-star Google rating and numerous positive reviews within the floral industry network. A substantial inventory is included in the sale, ensuring a smooth transition for the new owner. The affordable lease and available owner financing make this a truly compelling investment. The property itself is a special purpose building located at 6848 N Government Way 118, Coeur d'Alene, ID 83815, in Kootenai County. The asking price is $150,000. This is a turnkey operation ready for immediate success in a low-competition market. Don't miss this chance to own a thriving business with a proven track record.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $667,000
      Market price range: $587k - $1.27M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $945,000
      Current use
      RETAIL STORES
      $1,045,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Dalton Gardens
    County
    Kootenai
    State
    Idaho
    Longitude
    -116.786
    Latitude
    47.734
    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
    $11,608
    $955,500
    $1,766,214
    $2,721,714
    -
    $955,500
    $1,766,214
    $2,721,714

    Comparable in this City

    • Value Estimation
      $720,000
      11,826 SF

      3510 Government Way

      SHOPPING CENTER, STRIP CENTER • 11,826 SF
      3510 Government Way, Coeur D Alene, ID 83815-8303
      View Details
    • Value Estimation
      $795,000
      16,800 SF

      172 Neider Ave

      SHOPPING CENTER, STRIP CENTER • 16,800 SF
      172 Neider Ave, Coeur D Alene, ID 83815-3731
      View Details
    • Value Estimation
      $630,000
      10,476 SF

      2834 Ramsey Rd

      SHOPPING CENTER, STRIP CENTER • 10,476 SF
      2834 Ramsey Rd, Coeur D Alene, ID 83815-9003
      View Details
    • Value Estimation by Request
      2,880 SF

      50 Neider Ave

      SHOPPING CENTER, STRIP CENTER • 2,880 SF
      50 Neider Ave, Coeur D Alene, ID 83815-8204
      View Details
    • Value Estimation
      $630,000
      21,480 SF

      296 Sunset Ave

      SHOPPING CENTER, STRIP CENTER • 21,480 SF
      296 Sunset Ave, Coeur D Alene, ID 83815-8330
      View Details
    • Value Estimation by Request
      6,000 SF

      6190 Sunshine St

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      6190 Sunshine St, Coeur D Alene, ID 83815-8697
      View Details

    Similar Nearby for Sale

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      Retail Strip Attached to WinCo

      Multi-tenant retail strip with grocery anchor in Coeur d'Alene.
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      Turnkey Medical/Office Space Available

      4,380 SF space ideal for medical, office, or retail.
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    • $2,395,000
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      Coeur d'Alene Retail Storefront

      Prime location, 11,016 sq ft, high visibility
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    • $749,000
      3,945 SF

      Remodeled Duplex with Large Shop

      Spacious duplex with shop in Coeur d'Alene's Midtown.
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    • $129,000

      NutriShop Franchise in Coeur d'Alene

      Established NutriShop franchise for sale in high-traffic Coeur d'Alene.
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      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Sunset Village Executive Suites

      Coeur d'Alene Office Space Available
      296 Sunset Ave, Coeur d'Alene, ID 83815
      View Details
    • Contact for pricing
      182,000 SF

      Prairie Shopping Center: Hayden, ID

      Prime Retail Space - Hwy 95 & Prairie Ave
      0 Nec Of Hwy 95 & Pr Ave, Hayden, ID 83815
      View Details
    • Contact for pricing
      32,892 SF

      Mixed-Use Development Retail Opportunity

      New mixed-use development with retail and drive-thru options.
      505 W Kathleen Ave, Coeur d Alene, ID 83815
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    • Contact for pricing
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      Retail Space Near Highway 95

      88,000 SF retail space with high traffic and visibility.
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      View Details
    • $17 SF/Yr
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      Coeur d'Alene Commercial Building For Sale

      11,016 SF Retail Space, 1.05 Acres
      3210 Government Way, Coeur d'Alene, ID 83815
      View Details
    • $1.75 SF/Yr
      1,150 SF

      Coeur d'Alene Retail Space

      Retail space for lease in Coeur d'Alene with highway frontage.
      296 W Sunset Ave, Coeur d Alene, ID 83815
      View Details
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    Coeur d Alene, ID 83815
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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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