Retail Space with Monument
For Sale
Contact for pricing
1120 12th Ave S, Nampa, ID 83651
Business Commercial zoning, on-site parking, and a patio complement this visible retail property on a major Nampa arterial.
Property Size2,228 SF
Price / SF$157.09
Days on Market59
Property Features for 1120 12th Ave S
General Information
Standard status
Active
Size
2,228 SF
Class
C
Property subtype
Retail, Office
Zoning
Business Commercial
Site & Location
Traffic Count
22,660 vehicles/day
Road Access
Yes
Amenities
patio area
Building Details
Year Built
1915
Buildings
1
Units
1
Building Size
2,228 SF
Listing Agency:
Stark Accelerators Commercial Real Estate
Listed By:
Ken Stark · License #NV B.35722.CORP
(775) 825-4400
Source:
Crexi
Added: Jul 31
Changed: Sep 26
Last Checked: Sep 26 at 4:14AM
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 Stark Accelerators Commercial Real Estate
Investment Insights
Based on property information with market context.
This Nampa retail property contains 2,228 square feet across a 1,748-square-foot main level and a 480-square-foot basement. Built in 1915, the building includes parking at both the front and rear, along with a billboard and monument sign. Business Commercial zoning is in place.
The property sits along a major north-south arterial with reported daily traffic of 22,660 drivers. Mature trees, a rear patio, and an alley add exterior features and alternate access around the building. The surrounding commercial setting includes grocery stores, national tenants, and smaller local businesses, placing the property among a range of established retail and service-oriented uses.
The property sits along a major north-south arterial with reported daily traffic of 22,660 drivers. Mature trees, a rear patio, and an alley add exterior features and alternate access around the building. The surrounding commercial setting includes grocery stores, national tenants, and smaller local businesses, placing the property among a range of established retail and service-oriented uses.
Key Highlights
- 2,228 SF building with 1,748 SF main level and 480 SF basement
- Billboard and monument sign positioned along a major arterial
- Reported daily traffic of 22,660 drivers
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
$28,775
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
8.22%
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%
$575,500
$575.5K
Cap Rate 7%
$411,071
$411.1K
Cap Rate 9%
$319,722
$319.7K
Market Conditions
NOI Build-Up for 2,228 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
$46.8K $21.00/SF
− Vacancy
−$8.4K −$3.78/SF
EGI
$38.4K $17.22/SF
− OpEx
−$9.6K −$4.31/SF
NOI
$28.8K $12.92/SF
Area
Nampa, ID
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$575,500
Cap Rate 7%
$411,071
Cap Rate 9%
$319,722
Alternative Uses
Best Use
Office B
$411.1K
$359.7K – $479.6K
NOI $28,775 @ 7.0% cap · market cap 8.22%
Second Best
Retail
$381.0K
$333.4K – $444.5K
NOI $26,669 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$563.6K
$493.2K – $657.5K
NOI $39,452 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22,660 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Business Commercial zoning, on-site parking, and a patio complement this visible retail property on a major Nampa arterial.
Where is this retail space located?
The property is located at 1120 12th Ave S Nampa, ID.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,228 SF building with 1,748 SF main level and 480 SF basement; Billboard and monument sign positioned along a major arterial; Reported daily traffic of 22,660 drivers
