Mixed-Use Property with Auto
New
For Sale
$382,000
114 Montana, Homedale, ID 83628
A remodeled four-bedroom residence accompanies a shop configured for a vehicle lift.
Property Size1,500 SF
Price / SF$254.67
Days on Market3
Property Features for 114 Montana
General Information
Standard status
Active
Size
1,500 SF
Amenities
car lift
16-foot ceilings
Building Details
Buildings
2
Listing Agency:
Idaho Real Estate Company
Listed By:
Kathy Deal · License #33554
(208) 465-9000
Source:
Platzplace
Added: Oct 4
Last Checked: Oct 5 at 7:37PM
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 Idaho Real Estate Company
Investment Insights
Based on property information with market context.
The property pairs a four-bedroom house with a 50-by-30-foot shop. The residence has been remodeled and could serve as office space. The shop has 16-foot ceilings and is configured to accommodate a car lift, supporting automotive work such as restoration.
Key Highlights
- 50‑by‑30‑foot shop with 16‑foot ceilings
- Shop configured to accommodate a car lift
- Remodeled four‑bedroom house with potential office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,630
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,600
$372.6K
Cap Rate 7%
$266,143
$266.1K
Cap Rate 9%
$207,000
$207.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$2.6K −$1.73/SF
EGI
$29.8K $19.87/SF
− OpEx
−$11.2K −$7.45/SF
NOI
$18.6K $12.42/SF
Area
Owyhee County, ID
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,600
Cap Rate 7%
$266,143
Cap Rate 9%
$207,000
Alternative Uses
Best Use
Mixed Use
$266.1K
$232.9K – $310.5K
NOI $18,630 @ 7.0% cap · market cap 4.88%
Second Best
Retail
$256.5K
$224.4K – $299.3K
NOI $17,955 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$379.4K
$332.0K – $442.7K
NOI $26,561 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Groceries 44%
Home Improvements & Furnishings 3%
Albertsons
Groceries
17,002 visits/mo
0.3 miles
Jacksons
Shops & Services
7,357 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,052 visits/mo
0.1 miles
U.S. Bank
Shops & Services
2,958 visits/mo
0.2 miles
AutoZone
Shops & Services
2,393 visits/mo
0.2 miles
Demographics for 83628, ID
4,996
Population
1,704
Households
2.9
Avg Household Size
37
Median Age
14%
College-Educated
85%
High-School Grad
63.1 sq mi
ZIP Area
79
Density / Sq Mi
$62,063
Median Household Income
$28,534
Median Earnings
$943
Median Rent
$233,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A remodeled four-bedroom residence accompanies a shop configured for a vehicle lift.
Where is this mixed-use property located?
The property is located at 114 Montana Homedale, ID.
What is the asking price?
The asking price for this property is $382,000.
What are key features of this property?
This property features: 50‑by‑30‑foot shop with 16‑foot ceilings; Shop configured to accommodate a car lift; Remodeled four‑bedroom house with potential office use
