Nampa Office/Retail Condos For
For Sale
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3746-3794 E Amity Avenue, Nampa, ID
Office/retail condos in thriving Nampa development, customizable and scalable.
Property Size1,225 SF
Lot Size10.86 Acres
Price / SF$310.12
Days on Market1113
Property Features for 3746-3794 E Amity Avenue
General Information
Standard status
Active
Size
1,225 SF
Lot size
10.86 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 3746-3794 E Amity Avenue Contact us- Floor
- 1
- Size
- 6,125 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE
Amity Crossing Office Condos for Lease
-Nine buildings containing 51 office condos
-All office condos to be delivered fully...
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- Size
- 24,570 SF
- Type
- FLEX_R_AND_D
- Lease Type
- NNN
- Availability
- AVAILABLE
Amity Crossing Flex Condos for Lease
Strategically situated at the intersection of Amity and Grays Lane, this thriving...
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Listing Agency:
KW Commercial
(208) 672-9000
Listed By:
Jason Knorpp · License #SP41881
(208) 283-8121
Source:
Moodyscre
Added: Aug 23, 2023
Changed: Sep 5
Last Checked: Sep 7 at 8:29AM
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 KW Commercial
Investment Insights
Based on property information with market context.
Located at the intersection of Amity and Grays Lane, this office/retail park is situated within Nampa's developing area. The property consists of 51 individual condos for sale, each with a 1,225 square foot layout. The property offers an opportunity for businesses to own their space. Units can be combined to create spaces up to 7,342 square feet. Buyers have the opportunity to customize their units.
Key Highlights
- Own Your Space: Purchase, don't lease, your office/retail condo.
- Strategic Location: Situated at the intersection of Amity and Grays Lane in Nampa.
- Flexible Unit Sizes: Combine units for spaces up to 7,342 square feet.
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
$15,821
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
4.16%
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%
$316,420
$316.4K
Cap Rate 7%
$226,014
$226.0K
Cap Rate 9%
$175,789
$175.8K
Market Conditions
NOI Build-Up for 1,225 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
$25.7K $21.00/SF
− Vacancy
−$4.6K −$3.78/SF
EGI
$21.1K $17.22/SF
− OpEx
−$5.3K −$4.31/SF
NOI
$15.8K $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%
$316,420
Cap Rate 7%
$226,014
Cap Rate 9%
$175,789
Alternative Uses
Best Use
Office B
$226.0K
$197.8K – $263.7K
NOI $15,821 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$309.9K
$271.1K – $361.5K
NOI $21,691 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office/retail condos in thriving Nampa development, customizable and scalable.
Where is this office units located?
The property is located at 3746-3794 E Amity Avenue Nampa, ID.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Own Your Space: Purchase, don't lease, your office/retail condo.; Strategic Location: Situated at the intersection of Amity and Grays Lane in Nampa.; Flexible Unit Sizes: Combine units for spaces up to 7,342 square feet.
