Mixed-Use Development Land with
For Sale
$1,799,000
3514 S Indiana Ave, Caldwell, ID 83605
Land, Caldwell, ID
Property Size4,028 SF
Lot Size2.42 Acres
Price / SF$446.62
Days on Market92
Property Features for 3514 S Indiana Ave
General Information
Property type
Land
Property subtype
Other
Zoning description
R1
Subdivision
0 Not Applic.
Lot features
1 Acre - 4.99 Acres, Irrigation, Level
Elementary school
Washington (Caldwell)
Middle school
Syringa Middle
High school
Caldwell
Elementary school district
Caldwell School District #132
Middle school district
Caldwell School District #132
High school district
Caldwell School District #132
Directions
From 21st Ave, turn left onto Cleveland Blvd, then right onto S Indiana Ave. The property will be on the right at the corner of Larch St and Indiana Ave.
Standard status
Active
APN
R3571800000
Lot size
2.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
34-4N-3W SE TX 07270 IN N1/2 S1/2 NESE
Tax Annual Amount
2769
Legal Description
34-4N-3W SE TX 07270 IN N1/2 S1/2 NESE
Utilities
Utilities
Electricity Available
Listing Agency:
Amherst Madison
(208) 391-2391
Listed By:
Cristian Garcia Moreno · License #SP49659
(208) 807-0277
Added: Jul 10
Changed: Sep 13
Last Checked: Oct 9 at 5:06PM
MLS# 98993575
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.
Offered for sale is development land in Caldwell, ID with an existing 7-bedroom, 3-bath home and an 800-square-foot ADU. The main residence provides 3,228 square feet, offering flexibility for continued on-site use while the property is evaluated for mixed-use development.
Public remarks cite 11,053 daily vehicles for the area (Compass Community Planners/A&P Engineering, 10/2024). The site is described as being near The College of Idaho, Caldwell High School, YMCA, and Brothers Park (Inferno Soccer Club), with future Greenmont & Howshaw subdivisions expected to add 500+ new homes.
The property is presented as having mixed-use potential for additional residential units while maintaining the existing home and adding commercial space. The public remarks also reference retail drive-thru or car wash-style uses for consideration, subject to applicable approvals.
Public remarks cite 11,053 daily vehicles for the area (Compass Community Planners/A&P Engineering, 10/2024). The site is described as being near The College of Idaho, Caldwell High School, YMCA, and Brothers Park (Inferno Soccer Club), with future Greenmont & Howshaw subdivisions expected to add 500+ new homes.
The property is presented as having mixed-use potential for additional residential units while maintaining the existing home and adding commercial space. The public remarks also reference retail drive-thru or car wash-style uses for consideration, subject to applicable approvals.
Key Highlights
- Mixed‑use development opportunity in Caldwell with an existing 7‑bed, 3‑bath home (3,228 sq ft).
- Includes an 800 sq ft ADU that can support rental income or multigenerational living.
- 11,053 daily vehicles on the nearby roadway (Compass Community Planners/A&P Engineering, 10/2024).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,883
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,660
$1.2M
Cap Rate 7%
$826,900
$826.9K
Cap Rate 9%
$643,144
$643.1K
Market Conditions
NOI Build-Up for 4,028 SF
Gross rent
$109.2K $27.12/SF
− Vacancy
−$4.0K −$0.99/SF
EGI
$105.2K $26.13/SF
− OpEx
−$47.4K −$11.76/SF
NOI
$57.9K $14.37/SF
Area
Canyon County, ID
Vacancy
3.66%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,660
Cap Rate 7%
$826,900
Cap Rate 9%
$643,144
Alternative Uses
Best Use
Apartment 5plus
$826.9K
$723.5K – $964.7K
NOI $57,883 @ 7.0% cap · market cap 3.22%
Second Best
Mixed Use
$714.7K
$625.4K – $833.8K
NOI $50,028 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.07M
$938.8K – $1.25M
NOI $75,101 @ 7.0% cap · market cap 4.17%
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
Lease Details
2
Residential units
11,053 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 83605, ID
38,561
Population
14,197
Households
2.7
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
24.6 sq mi
ZIP Area
1,568
Density / Sq Mi
$60,657
Median Household Income
$31,806
Median Earnings
$973
Median Rent
$300,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Development land offered with an existing 7-bed home and 800-square-foot ADU in a high-traffic corridor.
Where is this mixed-use property located?
The property is located at 3514 S Indiana Ave Caldwell, ID.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Mixed‑use development opportunity in Caldwell with an existing 7‑bed, 3‑bath home (3,228 sq ft).; Includes an 800 sq ft ADU that can support rental income or multigenerational living.; 11,053 daily vehicles on the nearby roadway (Compass Community Planners/A&P Engineering, 10/2024).
