Live-Work Property with Office
For Sale
$499,000
315 S 7th Ave, Nampa, ID 83651
Commercial Sale, Nampa, ID
Property Size2,616 SF
Lot Size0.17 Acres
Price / SF$190.75
Days on Market67
Property Features for 315 S 7th Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential/Profession
Parking
10
Exterior features
Paved Outside Area
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Lot features
Standard Lot 6000-9999 S F, Lawn Sprinklers, On City Bus Route
Directions
Take the northside Blvd exit off of freeway and go south, 3rd St S, turn left and go to 7th Ave. S turn right
Standard status
Active
APN
N6005054041A
Size
2,616 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
22-3N-2W SW NAMPA ORIGINAL TX 1 IN LOT 41, ALL LT 43 BLK 54 IN ORIGINAL NAMPA & ARLINGTON
Legal Description
22-3N-2W SW NAMPA ORIGINAL TX 1 IN LOT 41, ALL LT 43 BLK 54 IN ORIGINAL NAMPA & ARLINGTON
Utilities
Utilities
Propane
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1904
Floors in Building
2
Number of units
1
Flooring type
Wood
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Shannon Ewing · License #SP54398
(208) 989-9198
Added: Jul 9
Changed: Sep 13
Last Checked: Sep 13 at 5:06PM
MLS# 98993197
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.
Investment Insights
Based on property information with market context.
This 1904 live-work property combines a residential setting with space for professional office operations. The 2,616-square-foot building sits on a 0.17-acre lot and includes wood flooring, vinyl siding, composition roofing, central air, and natural-gas forced-air heat. A ramp provides an accessible approach, while the fenced site includes a paved outside area.
The layout can accommodate a conference room and private offices, supporting office-based users who want to live on the premises. The property is located at 315 S 7th Ave in Nampa, Idaho, with convenient access to the surrounding area. The electrical panel was replaced 6/26, and the water heater was replaced 2/26.
The layout can accommodate a conference room and private offices, supporting office-based users who want to live on the premises. The property is located at 315 S 7th Ave in Nampa, Idaho, with convenient access to the surrounding area. The electrical panel was replaced 6/26, and the water heater was replaced 2/26.
Key Highlights
- Live‑work configuration permits full‑time residence with office use
- 2,616 square feet on a 0.17‑acre lot
- Built in 1904 with wood flooring and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,786
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,720
$675.7K
Cap Rate 7%
$482,657
$482.7K
Cap Rate 9%
$375,400
$375.4K
Market Conditions
NOI Build-Up for 2,616 SF
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.
Gross rent
$54.9K $21.00/SF
− Vacancy
−$9.9K −$3.78/SF
EGI
$45.0K $17.22/SF
− OpEx
−$11.3K −$4.31/SF
NOI
$33.8K $12.92/SF
Area
Nampa, ID
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$675,720
Cap Rate 7%
$482,657
Cap Rate 9%
$375,400
Alternative Uses
Best Use
Office B
$482.7K
$422.3K – $563.1K
NOI $33,786 @ 7.0% cap · market cap 6.77%
Second Best
Mixed Use
$464.2K
$406.1K – $541.5K
NOI $32,491 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$661.7K
$579.0K – $772.0K
NOI $46,322 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - 1904 property configured for full-time living alongside professional office use.
Where is this live-work space located?
The property is located at 315 S 7th Ave Nampa, ID.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Live‑work configuration permits full‑time residence with office use; 2,616 square feet on a 0.17‑acre lot; Built in 1904 with wood flooring and vinyl siding
