Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7051 Saddle Bred Way Star, ID 83669

    View on Map
    Sponsored
    For Sale
    $1,399,900

    MULTI_FAMILY - Star, ID

    Lot size:
    0.24 Acres
    Days on Market:
    13
    Last Refresh:
    Mar 9 at 5:06 pm

    Property Features for 7051 Saddle Bred Way

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1
    Bedrooms
    3
    Bathrooms
    3
    APN
    340411430
    Parking
    3
    Parking features
    Driveway
    Fireplace
    1
    Appliances
    Disposal (All Units), Stove/Range (All Units), Refrigerator (No Units)
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Number of units
    1
    Flooring type
    Engineered, Laminate
    Building materials
    Frame, Stucco, HardiPlank Type, Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Truely Loescher

    Keller Williams Realty Boise (208) 672-9000

    Listing agent Truely Loescher (208) 901-4849 License #SP43494

    Listing date Feb 24, 2026

    MLS# 98962608 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    High-End Model Home Investment

    This property presents an investment opportunity to purchase a high-end model home with a 4.5% NNN lease. The lease is backed by corporate guarantees. Located in one of the desirable communities in the Star area, the model home features upgrades. The seller is open to selling this property individually or as part of a model home package that includes other model homes across the Treasure Valley. The lot size is 0.24 acres. Additional details regarding the investment package and lease terms are available in the document tab. Leaseback terms vary per home between 1-5 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NNN properties

    Map

    City
    Star
    County
    Ada
    State
    Idaho
    Longitude
    -116.5326517
    Latitude
    43.68981556

    Nearby Similar for Sale

    • $3,213,000
      3,940 SF

      New Retail Property in Star

      New construction retail property with high growth potential in Star.
      51 N Union St, Star, ID 83669
      View Details
    • Contact for pricing
      14,561 SF

      Retail/Office Buildings Near High-Traffic Area

      Proposed retail/office buildings in a rapidly growing area.
      12340 W Bounty Ln, Star, ID
      View Details
    • $429,880
      1,682 SF

      Star, ID Resort-Style Townhome

      New resort-style townhome community in Star, Idaho with modern amenities.
      720 S Calhoun Plc, Star, ID 83669
      View Details
    • $900,000
      2,450 SF

      Prime Star, ID Commercial Land

      High-visibility, build-to-suit opportunity.
      12550 Goldcrest St, Star, ID 83669
      View Details
    • $590,000
      0.16 Acres

      Star, ID Commercial Property Investment

      Bar & Apartments, Prime Location
      10937 State St, Star, ID 83669
      View Details

    FAQs

    What type of property is this?
    NNN property - Sale-leaseback opportunity with a 4.5% NNN lease in Star, ID.
    Where is this nnn property located?
    The property is located at 7051 Saddle Bred Way Star, ID.
    What is the asking price?
    The asking price for this property is $1,399,900.
    What are key features of this property?
    This property features: - 4. 5% NNN lease with corporate guarantees provides a secure investment.; - High-end model home with significant upgrades.; - Located in a desirable community in the Star area.
    (208) 377-0422
    Request Owner's contact information
    7051 Saddle Bred Way Star, ID 83669
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7051 Saddle Bred Way
    Star, ID 83669
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7051 Saddle Bred Way Star, ID 83669
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Truely Loescher
    Real Estate License ID: SP43494
    (208) 377-0422 (208) 901-4849
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!