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1201 E Sherman Ave 4,000 SF Retail Building Coeur d'Alene, ID 83814 $1,079,999 ($270.00/SF) 4.79% Cap Rate
Investment Highlights
- High visibility corner near Downtown Coeur d'Alene
- Plenty of on & off street parking.
- Solid concrete block building
Executive Summary
Investment opportunity on Sherman Ave. Coeur d'Alene ID. Long time tenant in place with existing 5 year lease and renewal option for another 5 years towards the end of 2030. Escalation in rents based on CPI. Exterior recently repainted on 2 sides. Existing mural was City encouraged and completed by a local artist.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
C
Year Built
1975
Price
$1,079,999
Price Per SF
$270.00
Cap Rate
4.79%
NOI
$51,768
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.23 AC
Zoning
C17 - This district is intended as a
broad spectrum commercial
district that permits limited
service, wholesale / retail, and
heavy commercial
Parking
35 Spaces (8.75 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- State of Idaho
- Retailer
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| State of Idaho | Retailer | 99,999 SF | - | - |
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | C6885026012A | Total Assessment | $807,848 (2025) |
| Land Assessment | $597,068 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $210,780 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
C6885026012A
Land Assessment
$597,068 (2025)
Improvements Assessment
$210,780 (2025)
Total Assessment
$807,848 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 2
Videos
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Photos
Street View
Street
Map
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1201 E Sherman Ave
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