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    Property profile & analytics

    921 Lake St Sandpoint, ID 83864

    • Commercial real estate
    • 0.16 lot acres
    For Sale
    View listing
    $525,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-1024877
    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 921 Lake St

    Lot size
    0.16 lot acres
    Property type
    Commercial real estate

    Description

    This unique Sandpoint commercial property at 921 W Lake St offers 1500 square feet of loft-style living space spread across two levels, plus an additional 450 square feet of finished space ideal for residential or office use. The property boasts 16-foot ceilings, creating an airy and spacious atmosphere. The kitchen is equipped with IKEA appliances, adding a modern touch to the industrial design. A washer and dryer are included for convenience. Heating is efficient and economical thanks to a combination of natural gas, a pellet stove, and thermal windows. Off-street parking is available for 3-4 vehicles. The contemporary industrial aesthetic is highlighted by OSB walling and exposed venting, contributing to the property's unique character. The zoning permits home-based businesses, making this an excellent opportunity for entrepreneurs. An independent heating system ensures comfortable temperatures throughout. Access to the additional 450 sq ft space is available both from the main living area and from a separate street entrance, offering flexibility and privacy. The 0.16-acre lot provides a manageable and attractive footprint in a walkable area of Sandpoint. Priced at $525,000, this property presents a compelling investment opportunity.

    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
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.5612
    Latitude
    48.27173

    Comparable in this City

    • $829,000
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      Historic Sandpoint Commercial Gem

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    • $185,000
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      Sandpoint Commercial Condo - Prime Location

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      4002 Boyer Rd, Sandpoint, ID 83864
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    • $1,790,000
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      Downtown Sandpoint Development Site

      Prime Commercial Land, 80+ Unit Potential
      319 Church St, Sandpoint, ID 83864
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    • $1,795,000
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      Sandpoint Commercial Property

      Prime Location, Multiple Uses, High ROI
      521 3Rd Ave, Sandpoint, ID 83864
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    • $3,995,000
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      Sandpoint Commercial Trio: Prime Location

      Downtown Sandpoint, high-grossing, development potential.
      1St Ave, Sandpoint, ID 83864
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    • $619,000
      0.16 Acres

      Downtown Sandpoint Commercial Gem

      Four-bedroom, commercial-zoned home, ideal location.
      820 Lake St, Sandpoint, ID 83864
      View Details

    Similar Nearby for Sale

    • $619,000
      0.16 Acres

      Downtown Sandpoint Commercial Gem

      Four-bedroom, commercial-zoned home, ideal location.
      820 Lake St, Sandpoint, ID 83864
      View Details
    • $995,000
      2,380 SF

      Downtown Sandpoint Commercial Gem

      Prime location, versatile space, high visibility.
      525 Pine St, Sandpoint, ID 83864
      View Details
    • $345,000
      2,000 SF

      Sandpoint Commercial Condo - Prime Location

      Secure Storage, High Ceilings, Amenities Galore
      4002 Boyer Rd, Sandpoint, ID 83864
      View Details
    • $1,795,000
      9,000 SF

      Sandpoint Commercial Property

      Prime Location, Multiple Uses, High ROI
      521 3Rd Ave, Sandpoint, ID 83864
      View Details
    • $3,995,000
      13,404 SF

      Sandpoint Commercial Trio: Prime Location

      Downtown Sandpoint, high-grossing, development potential.
      1St Ave, Sandpoint, ID 83864
      View Details
    • $185,000
      1,000 SF

      Sandpoint Commercial Condo - Prime Location

      Secure Storage, Ample Amenities, High Ceilings
      4002 Boyer Rd, Sandpoint, ID 83864
      View Details
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    921 Lake St
    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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