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

    719 21st St unit 3 Lewiston, ID 83501

    View on Map
    For Lease
    $21,096

    COMMERCIAL - Lewiston, ID

    Property size:
    1,172 SF
    Lot size:
    0.95 Acres
    Added:
    Jul 30, 2025
    Days on Market:
    248
    Last Refresh:
    Apr 3 at 12:06 am

    Property Features for 719 21st St unit 3

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    RPL365W0326380 and 370
    Size
    1,172 SF
    Lot size
    0.95 Acres

    Building Details

    Year built
    2017
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Frame, Metal Siding

    We can help!

    Listing Contact
    Joseph Arellano

    Listing agent Joseph Arellano License #AB22196

    Listing office Quad Cities Realty 1053 Ripon Ave, Lewiston, ID

    Listing date Jul 30, 2025

    MLS# 98956441

    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.

    Overview

    Versatile Commercial Space Available

    This commercial space, located in Lewiston, ID, offers a versatile layout suitable for various business needs. The unit includes a finished bathroom, sidewalk access, a shared paved parking lot, and rear access. The property has a size of 1172 square feet and is situated on a lot of 0.95 acres. Two units are available and can be leased individually or together, as the dividing wall could be removed to create a larger space. NNN lease fees are $500 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jimmy John's Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Nez Perce
    State
    Idaho
    Longitude
    -117.0007025
    Latitude
    46.4130905

    Nearby Similar for Lease

    • $20,664/mo

      Modern Office Suite in Lewiston

      Contemporary office space with abundant natural light and efficient layout.
      1630 23rd Ave. unit: 201A, Lewiston, ID 83501
      View Details
    • $21,600/mo

      Downtown Lewiston Office Space Available

      Historic building with open office space in downtown Lewiston.
      528 Main St., Lewiston, ID 83501
      View Details
    • $90,000/mo

      Lewiston Commercial Building with Shop

      10,000 sq ft commercial building with flexible industrial/office space.
      1112 Airway Ave, Lewiston, ID 83501
      View Details
    • $85,242/mo

      Professional Suites in Duff Building

      Affordable office spaces with amenities and natural light available now.
      307 19th St. unit: B6, B7, A-4, Lewiston, ID 83501
      View Details
    • $20,448/mo

      Versatile Commercial Space in Lewiston

      Open commercial space with parking and rear access available for lease.
      719 21st St unit: 2, Lewiston, ID 83501
      View Details
    • $59,926/mo

      Lewiston Medical Office Condominium

      Condominium unit with medical infrastructure and multiple rooms.
      1630 23rd Ave unit: 801 C & D, Lewiston, ID 83501
      View Details
    • Contact for pricing

      Versatile Commercial Space in Lewiston

      Adaptable 650 SF space suitable for retail or office.
      145 Thain Rd. unit: Suite J, Lewiston, ID 83501
      View Details
    • $41,544/mo

      Versatile Commercial Space For Rent

      Open commercial space with finished bathrooms, shared parking, rear access.
      719 21st St unit: 2 And 3, Lewiston, ID 83501
      View Details
    • Contact for pricing

      Retail Restaurant Space with Drive-Thru

      Second-generation retail or restaurant space with drive-thru potential available now.
      920 21st St, Lewiston, ID 83501
      View Details
    • Contact for pricing

      Retail Space in Lewiston, Idaho

      Retail property available for lease in Lewiston, Idaho.
      2330-2362 Nez Perce Dr, Lewiston, ID
      View Details
    • Contact for pricing

      Retail Space in Lewiston

      Retail property available for lease in Lewiston, Idaho.
      Nez Perce Drive, Lewiston, ID
      View Details
    • Contact for pricing

      Medical Office Condominium for Rent

      Condominium unit featuring medical infrastructure, suitable for various medical practices.
      1630 23rd Ave, Lewiston, ID 83501
      View Details

    FAQs

    What type of property is this?
    Retail space - Open commercial space with parking in a great location.
    Where is this retail space located?
    The property is located at 719 21st St unit 3 Lewiston, ID.
    What is the lease rate?
    The lease rate is $21,096.
    What are key features of this property?
    This property features: Great location for business.; Open and versatile commercial space.; Two units available, can be leased individually or together.
    (208) 305-9670
    We can help!
    Listing Contact
    Joseph Arellano
    Real Estate License ID: AB22196
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!