Leased Flex Space with MU
1045 S Ancona Ave Eagle, ID 83616
1045 S Ancona Ave, Eagle, ID, 83616
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For Sale
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Single-story CMU flex building is fully leased to five tenants with 48 surface parking spaces.
Property Size20,003 SF
Price / SF$164.48
Days on Market117
Property Features for 1045 S Ancona Ave
General Information
- Standard status
- Active
- Size
- 20,003 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Building Details
- Year Built
- 2005
Listing agency
Atova Inc.
Listed by
Ryan Wallace · License #ID SP44974
Source
Crexi
Added: Mar 27 Updated: Jul 21 at 1:19PM Checked: Jul 21 at 1:19PM
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 Atova Inc.
Investment Insights
Based on property information with market context.
1045 S Ancona Avenue is a single-story, 20,003 SF CMU masonry flex building on a 1.10-acre parcel. The property contains 15,924 SF of BOMA-measured gross leasable area and includes 48 surface parking spaces. The durable construction and practical site layout are intended to accommodate a range of tenant uses, including office, retail, medical, and service-oriented businesses. Currently leased to five active tenants totaling 14,405 SF, the offering reflects a weighted average rent of $12.12/SF, noted as below the current Eagle market range of $17–$19/SF NNN, with upcoming lease expirations in 2026.
The property provides direct frontage on State Street (SH-44), positioned to benefit from 14,000+ vehicles per day for visibility and accessibility. Zoned MU – Mixed Use, the site allows for a broad range of commercial uses and offers flexibility for future leasing as tenants roll through their lease terms.
The property provides direct frontage on State Street (SH-44), positioned to benefit from 14,000+ vehicles per day for visibility and accessibility. Zoned MU – Mixed Use, the site allows for a broad range of commercial uses and offers flexibility for future leasing as tenants roll through their lease terms.
Key Highlights
- Fully leased 15,924 SF flex space in a 20,003 SF single‑story CMU masonry building (built 2005)
- Leased to five active tenants totaling 14,405 SF with a weighted average rent of $12.12/SF
- 1.10‑acre parcel with 48 surface parking spaces
Local Financial Insights For Office B
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 | $420.1k | $21.00 |
| − Vacancy | −$58.8k | −$2.94 |
| EGI | $361.3k | $18.06 |
| − OpEx | −$90.3k | −$4.52 |
| NOI | $270.9k | $13.54 |
20,003 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.87M
$3.39M – $4.52M
NOI $270,941 @ 7.0% cap · market cap 8.24%
Second Best
Retail
$3.62M
$3.17M – $4.23M
NOI $253,533 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$5.52M
$4.83M – $6.44M
NOI $386,698 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Blue Toro — 2438 E Halsey Dr, Eagle, ID 83616
FAQs
What type of property is this?
Flex space - Single-story CMU flex building is fully leased to five tenants with 48 surface parking spaces.
Where is this flex space located?
The property is located at 1045 S Ancona Ave Eagle, ID.
What is the asking price?
The asking price for this property is $3,290,000.
What are key features of this property?
This property features: Fully leased 15,924 SF flex space in a 20,003 SF single‑story CMU masonry building (built 2005); Leased to five active tenants totaling 14,405 SF with a weighted average rent of $12.12/SF; 1.10‑acre parcel with 48 surface parking spaces
