Parcel 2 Gallup St., Star, ID 83646
- Added:
- May 14, 2025
- Days on Market:
- 410
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for Parcel 2 Gallup St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- a portion of R6206450240
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- See attached Exhibit A
Utilities
- Utilities
- Electricity Available
Listing agent Shawn Endicott License #AB27574 (208) 860-9595
Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID (208) 377-0422
Listing date May 14, 2025
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic corner lot in a rapidly growing area.
- Mixed‑use zoning allows Shopping/Retail, Professional Office, Restaurant Drive‑Thru with minimal approvals.
- Last remaining lot in the development.
- Paved road, common area landscaping, and parking to be completed by seller.
- Located within a complex with existing and planned medical offices.
- Surrounded by new residential subdivisions.
Overview
The property is positioned on the SW corner of Star Rd and Joplin Rd in Star, Idaho, within a high-traffic-count area described as part of the fastest-growing sections of the Treasure Valley. The parcel is in mixed-use zoning, and the annexation development agreement provides approved uses requiring only a zoning certificate and design review. No CUP approval is required for shopping/retail, professional office, and restaurant drive-through. The seller is responsible for completion of the paved road, common area landscaping, and parking.
For tenants and operators, the site is already set up around medical office use with the flexibility for approved retail and restaurant drive-through concepts under the annexation framework. Common-area management costs are to be determined, with CAM described as including common area maintenance, trash, snow removal, management fees, and reserves.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $19.20 |
| − Vacancy | −$4.3k | −$0.86 |
| EGI | $91.7k | $18.34 |
| − OpEx | −$22.9k | −$4.58 |
| NOI | $68.8k | $13.75 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Meridian Veterinary Hospital — 421 W Franklin Rd, Meridian, ID 83642
- Dr. Carol Eklund — 421 W Franklin Rd, Meridian, ID 83642
Map
- City
- Star
- County
- Ada
- State
- Idaho
- Longitude
- -116.4936755
- Latitude
- 43.6765906
