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Property profile & analytics
OFF-MARKET
Commercial real estate

Payette, ID 83661

12,889 SF 0.21 ac lot Built 1920
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property presents a rare investment opportunity in the heart of downtown Payette, Idaho. The 12,889 square foot building boasts a unique indoor mall atmosphere, housing eleven individual retail or office spaces, each offering flexibility for various businesses. Three additional storage units provide further income potential. An inviting open courtyard and mezzanine area enhance the shopping experience, creating a vibrant atmosphere for tenants and customers. A shared public restroom adds convenience. The property also includes five residential apartments: two one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and one two-bedroom/two-bathroom unit (currently under construction). The residential section benefits from a separate back entrance and a shared laundry room. Significant recent upgrades enhance the property's value and minimize future maintenance needs. These include brand new HVAC systems throughout, a roof replacement in 2022, updated flooring, and a modernized fire alarm system. A large, unfinished basement, not included in the listed square footage, offers ample additional storage and space for mechanical systems. Situated on a 0.21-acre lot, this turn-key investment property is currently generating income from the majority of its spaces, making it an attractive opportunity for a savvy investor seeking immediate returns. The combination of commercial and residential units provides a diversified income stream and strong potential for future growth.

Property profile
Verified
Property type Commercial real estate
Year built 1920
Total area 12,889 SF
Lot 0.21 ac (9,148 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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