Turnkey Cabinet Shop with Spray
For Sale
Contact for pricing
11409 North Government Way, Hayden, ID 83835
Turnkey cabinet shop featuring a dedicated finish room and spray booth, with offices, showroom, and 3-phase power.
Property Size5,200 SF
Price / SF$126.73
Days on Market124
Property Features for 11409 North Government Way
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Business for Sale
Additional Details
Business Included
Yes
Heavy Power
Yes
Amenities
2 offices
showroom
break room
2 restrooms
1 with shower
finish room
spray booth
Listing Agency:
Windemere Real Estate
Listed By:
Joe Fabiano · License #WA
Source:
Crexi
Added: May 8
Changed: Jul 23
Last Checked: Sep 8 at 4:23AM
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 Windemere Real Estate
Investment Insights
Based on property information with market context.
This turnkey cabinet shop is offered for sale with manufacturing equipment, tools, vehicles, and trailers included. The layout is designed for an optimized manufacturing flow, including a dedicated finish room with a spray booth. Interior improvements include a showroom, two offices, a break room, and two restrooms (one with a shower). The facility also includes a Guffy Track System and four Kremlin air assist spray guns, and is served by 3-phase power.
Located in a high-visibility setting in Hayden, Idaho, the property is positioned for customers and visitors given the presence of a dedicated showroom. A complete, photographed list of included items is available with an NDA. Owner financing is available with 50% down, and the existing lease may be assigned to a new owner.
Located in a high-visibility setting in Hayden, Idaho, the property is positioned for customers and visitors given the presence of a dedicated showroom. A complete, photographed list of included items is available with an NDA. Owner financing is available with 50% down, and the existing lease may be assigned to a new owner.
Key Highlights
- 5,200 SF turnkey cabinet shop equipped with machinery, tools, vehicles, and trailers
- Dedicated finish room plus spray booth to support cabinet finishing workflow
- Guffy Track System and 4 Kremlin air assist spray guns included
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
$31,056
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
4.71%
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%
$621,120
$621.1K
Cap Rate 7%
$443,657
$443.7K
Cap Rate 9%
$345,067
$345.1K
Market Conditions
NOI Build-Up for 5,200 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 $9.00/SF
− Vacancy
−$2.4K −$0.47/SF
EGI
$44.4K $8.53/SF
− OpEx
−$13.3K −$2.56/SF
NOI
$31.1K $5.97/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$621,120
Cap Rate 7%
$443,657
Cap Rate 9%
$345,067
Alternative Uses
Best Use
Industrial
$443.7K
$388.2K – $517.6K
NOI $31,056 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$987.0K – $1.32M
NOI $78,961 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
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?
Manufacturing property - Turnkey cabinet shop featuring a dedicated finish room and spray booth, with offices, showroom, and 3-phase power.
Where is this manufacturing property located?
The property is located at 11409 North Government Way Hayden, ID.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 5,200 SF turnkey cabinet shop equipped with machinery, tools, vehicles, and trailers; Dedicated finish room plus spray booth to support cabinet finishing workflow; Guffy Track System and 4 Kremlin air assist spray guns included
