Fenced Commercial Land With
For Sale
$625,000
4776 Goodall, Garden City, ID 83714
Commercial Sale, Garden City, ID
Property Size1,788 SF
Lot Size0.34 Acres
Price / SF$349.55
Days on Market137
Property Features for 4776 Goodall
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-2
Fencing
Fenced
Lot features
10000 S F - .49 Acre
Standard status
Active
APN
R7334140530
Size
1,788 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
LOTS 27/28 BLK B RANDALL ACRES SUB NO 3 CASE #SPIE9600163M #96098417 #96098416
Legal Description
LOTS 27/28 BLK B RANDALL ACRES SUB NO 3 CASE #SPIE9600163M #96098417 #96098416
Utilities
Utilities
Propane
Heating system
Natural Gas
Building Details
Year built
1999
Flooring type
Concrete
Building materials
Steel Siding, Metal Siding
Roof type
Metal
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Christi Peterson · License #SP36603
(208) 863-2138
Added: May 1
Changed: Sep 13
Last Checked: Sep 14 at 5:06AM
MLS# 98984631
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 0.34-acre commercial land property includes 1,788 square feet across two existing buildings. Built in 1999, the improvements feature steel and metal siding, concrete flooring, metal roofing, natural gas heating, and propane utilities. The site is fenced and is currently used to supply DIY customers with concrete and concrete molded items.
Located near Chinden Blvd. in Garden City, the property offers an existing commercial setup with the option to continue the current concrete-related operation or establish another business use supported by the site’s existing buildings.
Located near Chinden Blvd. in Garden City, the property offers an existing commercial setup with the option to continue the current concrete-related operation or establish another business use supported by the site’s existing buildings.
Key Highlights
- 0.34‑acre commercial land parcel
- 1,788 square feet across two existing buildings
- Current use includes supplying DIY customers with concrete and molded concrete items
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
$22,662
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
3.63%
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%
$453,240
$453.2K
Cap Rate 7%
$323,743
$323.7K
Cap Rate 9%
$251,800
$251.8K
Market Conditions
NOI Build-Up for 1,788 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
$33.9K $18.96/SF
− Vacancy
−$1.5K −$0.85/SF
EGI
$32.4K $18.11/SF
− OpEx
−$9.7K −$5.43/SF
NOI
$22.7K $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /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%
$453,240
Cap Rate 7%
$323,743
Cap Rate 9%
$251,800
Alternative Uses
Best Use
Retail
$323.7K
$283.3K – $377.7K
NOI $22,662 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$493.8K
$432.1K – $576.1K
NOI $34,566 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Jacksons
Shops & Services
4,047 visits/mo
0.5 miles
Shell
Shops & Services
3,829 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
2,682 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
1,392 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
578 visits/mo
0.3 miles
Demographics for 83714, ID
26,181
Population
11,672
Households
2.2
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
483
Density / Sq Mi
$86,114
Median Household Income
$43,867
Median Earnings
$1,384
Median Rent
$468,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Fenced commercial land with two existing buildings, concrete flooring, and metal-sided construction.
Where is this commercial land located?
The property is located at 4776 Goodall Garden City, ID.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 0.34‑acre commercial land parcel; 1,788 square feet across two existing buildings; Current use includes supplying DIY customers with concrete and molded concrete items
