Flex Space with Storage
New
For Sale
$1,549,000
112 West 32nd Street, Garden City, ID 83714
A separate structure provides additional enclosed storage alongside the primary facility.
Property Size4,775 SF
Days on Market1
Property Features for 112 West 32nd Street
General Information
Standard status
Active
Size
4,775 SF
Property subtype
Industrial - Flex - Industrial
Building Details
Building Size
4,775 SF
Buildings
2
Listing Agency:
Rallens Realty Consultants
Listed By:
Ben Fulcher · License #SP45658
(208) 859-7407
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 19 at 2:18PM
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 Rallens Realty Consultants
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 112 West 32nd Street in Garden City includes a 4,775-square-foot main building and a separate 1,280-square-foot storage building.
The site is minutes from downtown Boise and the interstate. Access is via West 32nd Street from Chinden, with another approach from Orchard Road.
The site is minutes from downtown Boise and the interstate. Access is via West 32nd Street from Chinden, with another approach from Orchard Road.
Key Highlights
- 4,775‑square‑foot main building
- Separate 1,280‑square‑foot storage building
- Minutes from downtown Boise and the interstate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,026
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,520
$1.0M
Cap Rate 7%
$728,943
$728.9K
Cap Rate 9%
$566,956
$567.0K
Market Conditions
NOI Build-Up for 4,775 SF
Gross rent
$65.9K $13.80/SF
− Vacancy
−$5.9K −$1.23/SF
EGI
$60.0K $12.57/SF
− OpEx
−$9.0K −$1.89/SF
NOI
$51.0K $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%
$1,020,520
Cap Rate 7%
$728,943
Cap Rate 9%
$566,956
Alternative Uses
Best Use
Warehouse
$728.9K
$637.8K – $850.4K
NOI $51,026 @ 7.0% cap · market cap 3.29%
Second Best
Flex RnD
$681.6K
$596.4K – $795.2K
NOI $47,711 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,310 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83714, ID
26,181
Population
11,672
Households
2.2
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
483
Density / Sq Mi
$86,114
Median Household Income
$43,867
Median Earnings
$1,384
Median Rent
$468,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Big K BBQ — 3409 W Chinden Blvd, Garden City, ID 83714
- Kismet Kitchen — 114 E 32nd St, Garden City, ID 83714, United States
Frequently Asked Questions
What type of property is this?
Flex space - A separate structure provides additional enclosed storage alongside the primary facility.
Where is this flex space located?
The property is located at 112 West 32nd Street Garden City, ID.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: 4,775‑square‑foot main building; Separate 1,280‑square‑foot storage building; Minutes from downtown Boise and the interstate
