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Industrial Property with Excess Land

1 Idea Way Caldwell, ID 83605

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Multi-functional industrial building suitable for manufacturing, warehousing, and office use.

Type:Industrial
Property size:
59,252 SF
Lot size:
5.21 Acres
Price / SF:
$97/SF
Added:
Oct 1, 2024
Days on Market:
649
Last Refresh:
May 12 at 9:03 pm

Property Features for 1 Idea Way

General Information

Standard status
Active
Size
59,252 SF
Lot size
5.21 Acres
Property subtype
Industrial

Building Details

Year Built
1987

Listing office CBRE - Boise

Listing date Oct 1, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Boise


Investment Insights

Based on property information with market context.

This industrial property offers an expansive, multi-functional space suitable for manufacturing, warehousing, and office use. The building has a size of 59,252 square feet and is situated on a 5.21-acre site. The property is zoned M-1 (Light Industrial). The property is positioned with access to major highways and surrounding business hubs, making it suitable for operations requiring transport links. It is located at 1 Idea Way, Caldwell, ID 83605.

Key Highlights

  • Rare owner‑user opportunity with excess land.
  • Prime I‑84 visibility in the Caldwell Submarket.
  • Expansive, multi‑functional +59,252 SF building suitable for manufacturing, warehousing, and office use.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $746.6k $12.60
− Vacancy −$26.1k −$0.44
EGI $720.4k $12.16
− OpEx −$216.1k −$3.65
NOI $504.3k $8.51
59,252 SF · lease $12.60/SF/yr · vacancy 3.50% · expense 30.00%

Alternative Uses

Best Use
Office B
$11.73M
$10.27M – $13.69M (±1% cap)
NOI $821,233 @ 7.0% cap · market cap 14.28%
Second Best
Warehouse
$8.75M
$7.65M – $10.21M (±1% cap)
NOI $612,378 @ 7.0% cap · market cap 10.65%
Theoretical Best
Office A
$15.78M
$13.81M – $18.41M (±1% cap)
NOI $1,104,732 @ 7.0% cap · market cap 19.21%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

I/D/E/A, Inc. Big Box & Wholesale Store Sole Source Advertising Agency

Suggested Use

Law Firm Dental Office (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store Locksmith Daycare Center (Bike/Boat/Book/etc) Store Catering Service

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

FAQs

What type of property is this?
Manufacturing property - Multi-functional industrial building suitable for manufacturing, warehousing, and office use.
Where is this manufacturing property located?
The property is located at 1 Idea Way Caldwell, ID.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Rare owner‑user opportunity with excess land.; Prime I‑84 visibility in the Caldwell Submarket.; Expansive, multi‑functional +59,252 SF building suitable for manufacturing, warehousing, and office use.
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