Office Building with Multiple
For Sale
$495,000
101 Canal Street, Emmett, ID 83617
Commercial Sale, Emmett, ID
Property Size1,470 SF
Lot Size0.24 Acres
Price / SF$336.73
Days on Market76
Property Features for 101 Canal Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
6
Accessibility
Accessible Approach with Ramp
Lot features
10000 S F - .49 Acre, Lawn Sprinklers
Standard status
Active
APN
RP06N01W070900
Size
1,470 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
Exhibit A
Tax Annual Amount
148502
Legal Description
Exhibit A
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1980
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Niccole Welch · License #SP43546
(208) 369-3233
Added: Jun 30
Changed: Sep 13
Last Checked: Sep 13 at 2:06PM
MLS# 98992269
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 1,470-square-foot office property at 101 Canal Street includes multiple office suites and two bathrooms within a flexible floor plan. Built in 1980, the building features wood siding, a metal roof, natural gas forced-air heating, and central air conditioning. Recent improvements include new interior and exterior paint and a new HVAC system.
The 0.24-acre property is located on the corner of Washington Avenue in Emmett, Idaho, with street frontage and visibility along a recognized main street. Natural gas is available, and an accessible approach with ramp supports entry to the building. The configuration is suited to professional office, medical or wellness, retail, showroom, boutique, and specialty service uses as described in the property information.
The 0.24-acre property is located on the corner of Washington Avenue in Emmett, Idaho, with street frontage and visibility along a recognized main street. Natural gas is available, and an accessible approach with ramp supports entry to the building. The configuration is suited to professional office, medical or wellness, retail, showroom, boutique, and specialty service uses as described in the property information.
Key Highlights
- 1,470 SF office property with multiple office suites
- Two bathrooms within a flexible commercial floor plan
- New interior and exterior paint plus a new HVAC system
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
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Updated commercial space with flexible offices, two bathrooms, and accessible ramp entry.
Where is this office units located?
The property is located at 101 Canal Street 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 SF office property with multiple office suites; Two bathrooms within a flexible commercial floor plan; New interior and exterior paint plus a new HVAC system
