Finished Flex Condo with Roll-Up
For Sale
$750,000
1065 S Parkinsons St Unit B, Eagle, ID 83616
Commercial Sale, Eagle, ID
Property Size2,002 SF
Lot Size0.78 Acres
Price / SF$374.63
Days on Market19
Property Features for 1065 S Parkinsons St Unit B
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Lot features
1/2 - .99 Acre, Lawn Sprinklers
Directions
From Edgewood, E on State St, S on Parkinsons
Standard status
Active
APN
R6907350060
Size
2,002 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Description
Unit B of PARKINSON CONDOMINIUMS, according to the plat thereof, filed in Book 132 of Plats at Pages 282 through 288, as defined and described in Condominium Declaration of the Parkinson Condominiums recorded June 24, 2026 as Instrument No. 2026-045816
Legal Description
Unit B of PARKINSON CONDOMINIUMS, according to the plat thereof, filed in Book 132 of Plats at Pages 282 through 288, as defined and described in Condominium Declaration of the Parkinson Condominiums recorded June 24, 2026 as Instrument No. 2026-045816
Utilities
Heating system
Ceiling, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2026
Flooring type
Concrete
Building materials
Concrete, Frame, Steel Siding, Stone, Wood Siding
Roof type
Composition
Listing Agency:
Better Homes & Gardens 43North · Better Homes and Gardens Real Estate
(208) 381-8000
Listed By:
Nikolas Buich · License #AB40542
(208) 866-3295
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 21 at 6:06AM
MLS# 98996112
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Unit B is a 2,002-square-foot flex condominium within a mixed-use commercial development currently under construction. The layout includes a large roll-up garage door, a private office with its own entrance, and a full bathroom. Concrete flooring, insulation, sheetrock, electric heating, ceiling heat, and central air support a finished commercial environment suitable for business, showroom, warehouse, office, or creative applications.
The property is located at 1065 S Parkinsons St in Eagle, just off Parkinson Street and within Downtown Eagle. Construction materials include concrete, frame, steel siding, stone, and wood siding, with a composition roof. The building is scheduled for 2026 construction.
The property is located at 1065 S Parkinsons St in Eagle, just off Parkinson Street and within Downtown Eagle. Construction materials include concrete, frame, steel siding, stone, and wood siding, with a composition roof. The building is scheduled for 2026 construction.
Key Highlights
- 2,002 square feet in Unit B
- Large roll‑up garage door
- Dedicated office with private entrance and full bathroom
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
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial condominium with office, restroom, climate control, and a dedicated exterior entrance.
Where is this flex space located?
The property is located at 1065 S Parkinsons St Unit B 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 feet in Unit B; Large roll‑up garage door; Dedicated office with private entrance and full bathroom
