Automotive Repair Shop with Two
For Sale
$1,350,000
438 Hwy 55, Horseshoe Bend, ID 83629
Commercial Sale, Horseshoe Bend, ID
Property Size4,164 SF
Lot Size0.43 Acres
Price / SF$324.21
Days on Market78
Property Features for 438 Hwy 55
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial C2
Exterior features
Paved Outside Area
Lot features
10000 S F - .49 Acre
Directions
N HWY 55 to HSB, cross railroad tracks, property is located on the west side of the road
Standard status
Active
APN
RPH0002010011A
Size
4,164 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Description
Exhibit A
Tax Annual Amount
4260
Legal Description
Exhibit A
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Amenities
Customer waiting area
Retail space
Automotive repair shop
2-14-foot overhead doors
10-foot overhead door
3-phase power
Building Details
Year built
1943
Floors in Building
1
Flooring type
Concrete
Building materials
Brick, Frame, Metal Siding
Roof type
Metal
Listing Agency:
208 Real Estate
(208) 322-7653
Listed By:
Raelynn Moroney · License #SP45559
(208) 830-2823
Added: Jun 6
Changed: Aug 21
Last Checked: Aug 22 at 5:06PM
MLS# 98989303
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 automotive property includes two commercial buildings totaling 4,164 square feet on a 0.43-acre site. The 2,964-square-foot main building combines a customer waiting area, retail space, and automotive repair functions. A separate 1,200-square-foot shop expands the operational layout with two 14-foot overhead doors and one 10-foot overhead door. Construction includes brick, frame, and metal siding, with concrete flooring, electric and forced-air heat, central air, and a metal roof. The improvements date to 1943.
The property is located at 438 Hwy 55 in Horseshoe Bend, Idaho, with approximately 190 feet of highway frontage and a paved outside area. The sale includes parts-store inventory and automotive equipment, including lifts, tire service machines, wheel balancers, an alignment rack, a press, and a three-phase air compressor. The business entity is not included.
The property is located at 438 Hwy 55 in Horseshoe Bend, Idaho, with approximately 190 feet of highway frontage and a paved outside area. The sale includes parts-store inventory and automotive equipment, including lifts, tire service machines, wheel balancers, an alignment rack, a press, and a three-phase air compressor. The business entity is not included.
Key Highlights
- 4,164 SF across two commercial buildings on 0.43 acres
- Approximately 190' of highway frontage along Hwy 55
- Main building measures 2,964 Sq. Ft. and includes retail, waiting, and repair areas
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
$49,843
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
3.69%
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%
$996,860
$996.9K
Cap Rate 7%
$712,043
$712.0K
Cap Rate 9%
$553,811
$553.8K
Market Conditions
NOI Build-Up for 4,164 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
$75.0K $18.00/SF
− Vacancy
−$3.7K −$0.90/SF
EGI
$71.2K $17.10/SF
− OpEx
−$21.4K −$5.13/SF
NOI
$49.8K $11.97/SF
Area
Boise County, ID
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$996,860
Cap Rate 7%
$712,043
Cap Rate 9%
$553,811
Alternative Uses
Best Use
Retail
$712.0K
$623.0K – $830.7K
NOI $49,843 @ 7.0% cap · market cap 3.69%
Second Best
Industrial
$511.2K
$447.3K – $596.4K
NOI $35,782 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.05M
$921.7K – $1.23M
NOI $73,733 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83629, ID
1,731
Population
941
Households
1.8
Avg Household Size
49
Median Age
21%
College-Educated
95%
High-School Grad
193.6 sq mi
ZIP Area
9
Density / Sq Mi
$71,944
Median Household Income
$41,952
Median Earnings
$950
Median Rent
$348,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Parts Store Tires & Repair — 438 ID-55, Horseshoe Bend, ID 83629
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building automotive property combining retail space, customer service areas, repair bays, and equipment storage capacity.
Where is this auto shop located?
The property is located at 438 Hwy 55 Horseshoe Bend, ID.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,164 SF across two commercial buildings on 0.43 acres; Approximately 190' of highway frontage along Hwy 55; Main building measures 2,964 Sq. Ft. and includes retail, waiting, and repair areas
