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1038 W Davidson Ave 2,184 SF Office Building Coeur d'Alene, ID 83814 $949,000 ($434.52/SF) 3.70% Cap Rate



Executive Summary
Located in one of Coeur d'Alene's most accessible commercial areas, this impeccably maintained office building offers a convenient location just minutes from Downtown Coeur d'Alene, Riverstone, I-90, and Highway 95. The property is directly across from the new Marriott currently under construction, providing increased visibility and continued growth in the surrounding area. The building has been recently remodeled with modern updates throughout. Inside, you'll find cathedral ceilings, updated finishes, and a clean, professional office environment. The layout offers excellent flexibility with two separate floors, each featuring its own entrance, parking, kitchenette, restrooms, and separate utilities. The space can function as a single office or be divided into two independent suites for additional rental income or multiple occupants. This property is a strong option for owner-users, investors, or buyers utilizing SBA financing, offering a central location, move-in-ready condition, and flexible use potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,184 SF
Building Class
C
Year Built/Renovated
1992/2013
Price
$949,000
Price Per SF
$434.52
Cap Rate
3.70%
NOI
$35,113
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,092 SF
Building FAR
0.31
Lot Size
0.16 AC
Zoning
CDA C-17
Parking
9 Spaces (4.12 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | C2565017005A | Improvements Assessment | $233,647 |
| Land Assessment | $247,500 | Total Assessment | $481,147 |
Property Taxes
Parcel Number
C2565017005A
Land Assessment
$247,500
Improvements Assessment
$233,647
Total Assessment
$481,147
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1038 W Davidson Ave
