Storefront with Open
For Sale
$225,000
Pending
102 S Commercial, Emmett, ID 83617
Occupied storefront with an open main room, private office, and half bath.
Property Size1,014 SF
Days on Market11
Property Features for 102 S Commercial
General Information
Standard status
Pending
Size
1,014 SF
Property subtype
Commercial
Amenities
Lot Features: Sm Lot 5999 SF, Lot Size Acres: 0.04, Lot Size Area: 0.04, Lot Size Dimensions: 80x21, Lot Size Square Feet: 1742.4, Lot Size Units: Acres
Tax Legal Description: 06N 01W Sec 07 Emmettsville Townsite Sub Tax2006 Blk 02
Business Type: Commercial, Listing Id: 98996245, Listing Terms: Cash, Conventional, List Price: 225000, Mls Status: Pending, Standard Status: Pending
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 1014, Building Area Units: Square Feet, Construction Materials: Brick, Concrete, Frame, Living Area: 1014, Living Area Units: Square Feet, Stories: 1, Year Built: 1904
City: Emmett, Coordinates: -116.50102511, 43.87512973, Country: US, County Or Parish: Gem, Directions: From Washington (Hwy 52, W on Main, S on Commercial, Building on E., Latitude: 43.87512973, Longitude: -116.50102511, Postal Code: 83617, State Or Province: ID, Street Dir Prefix: S, Street Name: Commercial, Street Number: 102, Street Number Numeric: 102, Unparsed Address: 102 S Commercial, Emmett ID 83617
Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: RPE3210002001BA, Property Type: Commercial Sale
Utilities: Sewer Connected
Water Source: Community Service
Building Details
Year Built
1904
Buildings
1
Listing Agency:
Evans Realty, L.L.C.
(208) 559-3309
Listed By:
Jaimee Turner-bailey
(208) 559-3309
Source:
Thgboise
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 5:42AM
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 Evans Realty, L.L.C.
Investment Insights
Based on property information with market context.
This 1,014-square-foot storefront dates to 1904 and is configured for straightforward commercial use. The interior includes a 20-by-36-foot open room, a 13-by-9-foot office, and a half bath. The property is currently tenant-occupied, with showings requiring 24 hours’ notice. Located at 102 S Commercial in Emmett, the building offers an established storefront setting within the city’s central area.
Key Highlights
- 1,014‑square‑foot storefront building constructed in 1904
- 20' x 36' open room provides the primary interior area
- 13' x 9' office plus 1/2 bath
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
$12,138
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
5.39%
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%
$242,760
$242.8K
Cap Rate 7%
$173,400
$173.4K
Cap Rate 9%
$134,867
$134.9K
Market Conditions
NOI Build-Up for 1,014 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
$18.3K $18.00/SF
− Vacancy
−$913 −$0.90/SF
EGI
$17.3K $17.10/SF
− OpEx
−$5.2K −$5.13/SF
NOI
$12.1K $11.97/SF
Area
Gem County, ID
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$242,760
Cap Rate 7%
$173,400
Cap Rate 9%
$134,867
Alternative Uses
Best Use
Retail
$173.4K
$151.7K – $202.3K
NOI $12,138 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.5K
$224.4K – $299.3K
NOI $17,955 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
36k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Home Improvements & Furnishings 18%
Dining 4%
Sinclair
Shops & Services
8,344 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,669 visits/mo
0.1 miles
U.S. Bank
Shops & Services
4,540 visits/mo
0.0 miles
Rocky Mountain True Value
Home Improvements & Furnishings
3,556 visits/mo
0.1 miles
AutoZone
Shops & Services
3,441 visits/mo
0.1 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Occupied storefront with an open main room, private office, and half bath.
Where is this storefront property located?
The property is located at 102 S Commercial Emmett, ID.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,014‑square‑foot storefront building constructed in 1904; 20' x 36' open room provides the primary interior area; 13' x 9' office plus 1/2 bath
