Listing Agency: Better Homes & Gardens 43North j***@43re.com Show Phone

Listed By: Nikolas Buich · License #AB40542 Show Phone

Source: Exprealty

Added: Aug 3 Changed: Oct 1 Last Checked: Oct 16 at 2:43PM

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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.

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 / Yr

$21,393

Cap Rate

2.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$427,860 $427.9K

Cap Rate 7%

$305,614 $305.6K

Cap Rate 9%

$237,700 $237.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,002 SF

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 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 (±1% cap)

NOI $21,393 @ 7.0% cap · market cap 2.85%

Second Best

Flex RnD

$285.8K

$250.1K – $333.4K (±1% cap)

NOI $20,004 @ 7.0% cap · market cap 2.67%

Theoretical Best

Office A

$552.9K

$483.8K – $645.1K (±1% cap)

NOI $38,703 @ 7.0% cap · market cap 5.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Grocery & Convenience Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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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