Finished Flex Condo
For Sale
$750,000
1065 S Parkinson St, Eagle, ID 83616
Versatile commercial condominium with a roll-up door, private office entry, full bathroom, and climate-controlled interior.
Property Size2,002 SF
Price / SF$374.63
Days on Market32
Property Features for 1065 S Parkinson St
General Information
Standard status
Active
Size
2,002 SF
Additional Details
Drive-In Doors
1
Listing Agency:
Better Homes & Gardens 43North
(208) 381-8000
Listed By:
Nikolas Buich · License #AB40542
(208) 866-3295
Source:
Exprealty
Added: Aug 3
Changed: Sep 3
Last Checked: Sep 3 at 1:57AM
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 Better Homes & Gardens 43North
Investment Insights
Based on property information with market context.
Unit B is a 2,002-square-foot flex condominium within a newly constructed mixed-use development. The finished interior includes a large roll-up garage door, a dedicated office with a separate private entrance, and a full bathroom. Insulation, sheetrock, heating, and air conditioning are already in place, providing a completed commercial setting for business, showroom, warehouse, office, or creative applications.
The property is located at 1065 S Parkinson St in Eagle, Idaho, just off Parkinson Street in Downtown Eagle. Its configuration combines functional service access with finished office-ready space, supporting a range of commercial operations within a single unit.
The property is located at 1065 S Parkinson St in Eagle, Idaho, just off Parkinson Street in Downtown Eagle. Its configuration combines functional service access with finished office-ready space, supporting a range of commercial operations within a single unit.
Key Highlights
- 2,002‑square‑foot flex condominium unit
- Newly constructed mixed‑use flex condo development
- Large roll‑up garage door
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
$21,393
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
2.85%
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%
$427,860
$427.9K
Cap Rate 7%
$305,614
$305.6K
Cap Rate 9%
$237,700
$237.7K
Market Conditions
NOI Build-Up for 2,002 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
$27.6K $13.80/SF
− Vacancy
−$2.5K −$1.23/SF
EGI
$25.2K $12.57/SF
− OpEx
−$3.8K −$1.89/SF
NOI
$21.4K $10.69/SF
Area
Ada County, ID
Vacancy
8.90%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
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%
$427,860
Cap Rate 7%
$305,614
Cap Rate 9%
$237,700
Alternative Uses
Best Use
Warehouse
$305.6K
$267.4K – $356.6K
NOI $21,393 @ 7.0% cap · market cap 2.85%
Second Best
Flex RnD
$285.8K
$250.1K – $333.4K
NOI $20,004 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$552.9K
$483.8K – $645.1K
NOI $38,703 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83616, ID
33,311
Population
13,756
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
111.3 sq mi
ZIP Area
299
Density / Sq Mi
$118,013
Median Household Income
$58,728
Median Earnings
$1,752
Median Rent
$720,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blue Toro — 2438 E Halsey Dr, Eagle, ID 83616
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial condominium with a roll-up door, private office entry, full bathroom, and climate-controlled interior.
Where is this flex space located?
The property is located at 1065 S Parkinson St Eagle, ID.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,002‑square‑foot flex condominium unit; Newly constructed mixed‑use flex condo development; Large roll‑up garage door
