Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    519 Millennium Park Ln Caldwell, ID 83605

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.20 SF/Yr ($1,436 /Mo)

    Newly constructed warehouse with mezzanine, available for immediate lease.

    Property size:
    14,366 SF
    Lot size:
    14,366 SF

    Property Features for 519 Millennium Park Ln

    General Information

    Size
    14,366 SF

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Mike Erkmann, Ccim
    Source: Naiglobal

    Listing Agent: Mike Erkmann, Ccim

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

    Learn more

    Overview

    New Caldwell Warehouse with Mezzanine

    This newly constructed property at 519 Millennium Park Ln, Caldwell, ID, presents an exceptional leasing opportunity. It features a warehouse area of approximately 12,166 square feet and a mezzanine/storage area of approximately 2,200 square feet. The property includes four 14'x14' roll-up doors and a clear height ranging from 22' to 24', designed to optimize functionality and productivity. The property also features approximately 2,200 square feet of finished office space. Located 2 miles from I-84, Highway 20/26, Highway 19, Union Pacific Railroad & College of Idaho, this property is available immediately.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Caldwell
    County
    Canyon
    State
    Idaho
    Longitude
    -116.752
    Latitude
    43.676

    Nearby Similar for Lease

    • $103,435
      7,183 SF

      New Industrial Building in Caldwell

      New industrial building with modern office and expansive shop area.
      412 Millenium Park Ln, Caldwell, ID 83605
      View Details
    • Contact for pricing
      9,900 SF

      Prime Corner Location with Drive-Thru

      High-visibility 9,900 SF building with drive-thru in Caldwell, ID.
      2107 Blaine St, Caldwell, ID 83605
      View Details
    • $13 SF/Yr

      Medical Office Space Sublease

      Prime medical office space for sublease on hospital campus.
      404 E Elm St, Caldwell, ID 83605
      View Details
    • $15 SF/Yr

      Downtown Caldwell Versatile Space For Lease

      Basement and office space with high foot traffic and accessibility.
      524 Cleveland Blvd | Caldwell, Caldwell, ID 83605
      View Details
    • $1,000 /Mo
      5,000 SF

      Renovated Offices in Historic Building

      Turn-key offices in revitalized downtown Caldwell, ready for immediate occupancy.
      905 Main St, Caldwell, ID 83605
      View Details
    • $45 SF/Yr

      Caldwell Retail/Mixed-Use Space Available

      Rare retail space with drive-thru capability in Caldwell, Idaho.
      3110 Cleveland Blvd, Caldwell, ID 83607
      View Details
    • $9 SF/Yr
      4,749 SF

      Caldwell Office Building For Lease

      Well-appointed office building in prime Caldwell location, available February 2026.
      1803 Ellis Ave, Caldwell, ID 83605
      View Details
    • $22 SF/Yr
      9,600 SF

      Indian Creek Plaza Retail/Office Space

      Retail/office space for lease in historic downtown Caldwell.
      619 Main St, Caldwell, ID 83605
      View Details
    • $25 SF/Yr
      5,375 SF

      Turn-Key Medical Office Building

      Stand-alone medical office near West Valley Medical Center.
      512 East Elm St, Caldwell, ID 83605
      View Details
    • Contact for pricing

      New Retail Development For Lease

      New retail development with high exposure and flexible zoning.
      5713 Cleveland Blvd, Caldwell, ID 83607
      View Details
    • $25 SF/Yr

      Renovated Retail Space in Caldwell

      Move-in ready retail space with Class A finishes and plaza frontage.
      712 Arthur St, Caldwell, ID 83605
      View Details
    • $20 SF/Yr
      91,500 SF

      West Valley Medical Office Space

      Caldwell, ID: Class A Medical Office Suites
      1906 Fairview Ave, Caldwell, ID 83605
      View Details

    FAQs

    What type of property is this?
    Warehouse - Newly constructed warehouse with mezzanine, available for immediate lease.
    Where is this warehouse located?
    The property is located at 519 Millennium Park Ln Caldwell, ID.
    What is the lease rate?
    The lease rate is $1.20 SF/Yr.
    What are key features of this property?
    This property features: - Newly constructed warehouse space available immediately.; - Substantial warehouse area of ±12,166 SF with additional ±2,200 SF mezzanine/storage.; - High ceilings with a clear height of 22'-24'.
    (208) 629-6003
    Request Owner's contact information
    519 Millennium Park Ln Caldwell, ID 83605
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    519 Millennium Park Ln
    Caldwell, ID 83605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    519 Millennium Park Ln Caldwell, ID 83605
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mike Erkmann, Ccim
    (208) 629-6003
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.