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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    85 Millview Ln Coeur d'Alene, ID 83814

    • Commercial real estate
    • 290.00 lot acres
    For Sale
    View listing
    $28,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0513917
    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

    • Commercial real estate

    Property Details for 85 Millview Ln

    Lot size
    290.00 lot acres
    Property type
    Commercial real estate
    APN
    50N04W105000

    Description

    This exceptional 290-acre estate property in Coeur d'Alene, Idaho, presents a unique investment opportunity. Located between Millview Lane and Foothill Drive, the land boasts approximately 4600 feet of Spokane River frontage. The property comprises seven individual parcels/lots, offering significant development potential. The heavily wooded acreage provides exceptional privacy and seclusion, while its proximity to a city park and the Bellerive Development offers convenient access to amenities. The Spokane River, a popular recreational destination, flows directly adjacent to the property, providing opportunities for swimming, boating, fishing, and other water activities. The property's location in Kootenai County, Idaho, with a zip code of 83814, and its address at 85 S Millview Ln, Coeur d'Alene, offers easy access to the city while maintaining a tranquil, natural setting. The asking price for this remarkable estate is $28,500,000. The property's Assessed Parcel Number (APN) is 50N04W105000. This is an unparalleled opportunity to acquire a substantial riverfront property with significant development potential in a highly desirable location.

    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
    -116.8245359
    Latitude
    47.6937282

    Comparable in this City

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    • $1,250,000
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      Historic Coeur d'Alene 16-Plex

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      Coeur d'Alene Multifamily Investment

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      View Details

    Similar Nearby for Sale

    • $2,499,900
      0.47 Acres

      Coeur d'Alene Development Opportunity

      Prime downtown location with development potential near Coeur d'Alene Resort.
      2009 E Sherman Ave, Coeur d Alene, ID 83814
      View Details
    • $2,499,900
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      Coeur d'Alene Commercial Land

      Downtown Coeur d'Alene commercial land with development potential.
      2009 E Sherman Ave, Coeur d Alene, ID 83814
      View Details
    • $775,000
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      Coeur d'Alene Medical Office Condo

      Class A medical office, 98,468 SF, $775,000
      980 Ironwood Dr, Coeur d'Alene, ID 83814
      View Details
    • $1,250,000
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      Historic Coeur d'Alene 16-Plex

      Iconic 16-plex near Lake Coeur d'Alene and downtown.
      205 E Indiana Ave, Coeur d Alene, ID 83814
      View Details
    • $1,225,000
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      Downtown Commercial Investment Opportunity

      Fully leased commercial property in Coeur d'Alene's Downtown Core.
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      View Details
    • $3,200,000
      14,613 SF

      Coeur d'Alene Multifamily Investment

      Well-maintained 18-unit building in thriving Coeur d'Alene area.
      530 W Harrison Ave, Coeur d Alene, ID 83814
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercially Zoned Land For Lease

      0.925 acre commercially zoned land for lease.
      Coeur d Alene, ID 83814
      View Details
    • $2.00 SF/Yr
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      Commercial Land Available For Rent

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      Retail & Professional Office Space

      Retail and professional office space available for lease.
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      Class A Office/Retail Space

      High-visibility Chubbuck office/retail space in prime retail corridor.
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      Prime Main Street Executive Office

      1,900 SF Executive Suite Available
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    • $1,857 /Mo
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      Second-Floor Office Space Available

      Well-designed office space with private offices, kitchenette, and storage.
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      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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