Updated Multi-Suite Office
For Sale
$495,000
101 Canal St, Emmett, ID 83617
Flexible office layout with multiple suites, two bathrooms, fresh paint, and a new HVAC system.
Property Size1,470 SF
Price / SF$336.73
Days on Market54
Property Features for 101 Canal St
General Information
Standard status
Active
Size
1,470 SF
Taxes and HOA fees
Annual Taxes
$148,502
Listing Agency:
Silvercreek Realty Group
(208) 369-3233
Listed By:
Niccole Welch · License #SP43546
(208) 369-3233
Source:
Exprealty
Added: Jun 30
Changed: Aug 20
Last Checked: Aug 21 at 10:11AM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This 1,470-square-foot office building at 101 Canal St offers multiple suites and two bathrooms within a flexible commercial layout. Recent improvements include new interior and exterior paint along with a new HVAC system, giving the property updated finishes and modernized climate control.
The property occupies a corner location along Washington Avenue in Emmett, providing street frontage and visibility from a recognized main street. Its configuration is suited to office use and can accommodate a range of professional business layouts without requiring a single-suite format.
The property occupies a corner location along Washington Avenue in Emmett, providing street frontage and visibility from a recognized main street. Its configuration is suited to office use and can accommodate a range of professional business layouts without requiring a single-suite format.
Key Highlights
- 1,470‑square‑foot office building at 101 Canal St
- Multiple office suites in a flexible floor plan
- Two bathrooms included
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
$18,985
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
3.84%
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%
$379,700
$379.7K
Cap Rate 7%
$271,214
$271.2K
Cap Rate 9%
$210,944
$210.9K
Market Conditions
NOI Build-Up for 1,470 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
$30.9K $21.00/SF
− Vacancy
−$5.6K −$3.78/SF
EGI
$25.3K $17.22/SF
− OpEx
−$6.3K −$4.31/SF
NOI
$19.0K $12.92/SF
Area
Gem County, ID
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$379,700
Cap Rate 7%
$271,214
Cap Rate 9%
$210,944
Alternative Uses
Best Use
Office B
$271.2K
$237.3K – $316.4K
NOI $18,985 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.9K
$325.4K – $433.8K
NOI $26,030 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 83617, ID
17,502
Population
6,981
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
89%
High-School Grad
224.0 sq mi
ZIP Area
78
Density / Sq Mi
$65,566
Median Household Income
$34,007
Median Earnings
$873
Median Rent
$364,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout with multiple suites, two bathrooms, fresh paint, and a new HVAC system.
Where is this office building located?
The property is located at 101 Canal St Emmett, ID.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,470‑square‑foot office building at 101 Canal St; Multiple office suites in a flexible floor plan; Two bathrooms included
