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    1217 2Nd St S Nampa, ID 83651

    For Sale
    $4,450,000

    Fully leased retail building in downtown Nampa with stable income.

    Property size:
    22,597 SF

    Property Features for 1217 2Nd St S

    General Information

    Size
    22,597 SF

    Source: Sean Edwards Agent Sean Edwards

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bank-Anchored Retail Investment Opportunity

    Located in downtown Nampa, the 22,597-square-foot property is anchored by First Federal Bank. Additional tenants include Pub & Putt and Solovey Kitchen. The property is fully leased with NNN lease structures that include annual rent increases and multiple renewal options. Private on-site parking is available. The property is located within the Downtown Historic (DH) zoning district, which supports a mix of retail, office, and residential uses. City-backed incentives are available for future facade or tenant improvements. The Boise Valley metro area is projected to surpass 1 million residents by 2050. The property benefits from regional fundamentals, low vacancy rates, and economic growth. The property delivers a current NOI of $255,325 and an in-place cap rate of 5.74%. The property was recently remodeled in 2024.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    First Federal Bank Bank

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nampa
    County
    Canyon
    State
    Idaho
    Longitude
    -116.5558708
    Latitude
    43.5808292

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    FAQs

    What type of property is this?
    Bank - Fully leased retail building in downtown Nampa with stable income.
    Where is this bank located?
    The property is located at 1217 2Nd St S Nampa, ID.
    What is the asking price?
    The asking price for this property is $4,450,000.
    What are key features of this property?
    This property features: - Anchored by First Federal Bank, a reputable financial institution recognized by Forbes.; - Fully leased with NNN leases, featuring annual rent increases (2.5%-3.5%), ensuring stable and growing cash flow.; - Rare private on-site parking, a significant advantage in the downtown core.
    (208) 412-7763
    Request Owner's contact information
    1217 2Nd St S Nampa, ID 83651
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    Nampa, ID 83651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1217 2Nd St S Nampa, ID 83651
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