Mixed-Use Property in Caldwell,
For Sale
Contact for pricing
2609 S 10th Ave, Caldwell, ID 83605
Mixed-use property with retail and office spaces for sale.
Property Size7,121 SF
Lot Size0.60 Acres
Price / SF$294.90
Days on Market892
Property Features for 2609 S 10th Ave
General Information
Standard status
Active
Size
7,121 SF
Lot size
0.60 Acres
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
2007
Listing Agency:
Cushman & Wakefield - Boise, Idaho
(208) 941-9568
Listed By:
Bree Wells · License #ID SP48431
Source:
Crexi
Added: Feb 26, 2024
Changed: Jul 6
Last Checked: Aug 5 at 11:10AM
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 Cushman & Wakefield - Boise, Idaho
Investment Insights
Based on property information with market context.
This mixed-use property, constructed in 2007, features a building size of 7,121 square feet situated on a 0.6-acre parcel. The property includes approximately 28 parking stalls. The zoning is C-1 - Neighborhood Commercial. The NOI is $134,156, representing a 6.16% CAP. The parcel number is R3579011500.
Key Highlights
- High NOI: $134,156 makes this an attractive investment opportunity.
- 6.16% CAP Rate.
- NNN Lease Type.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.5k | $21.00 |
| − Vacancy | −$17.9k | −$2.52 |
| EGI | $131.6k | $18.48 |
| − OpEx | −$32.9k | −$4.62 |
| NOI | $98.7k | $13.86 |
7,121 SF · lease $21.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,697 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,312 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,768 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,464
Businesses Nearby
Explore this area
Business Placement
Demographics for 83605, ID
38,561
Population
14,197
Households
2.7
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
24.6 sq mi
ZIP Area
1,568
Density / Sq Mi
$60,657
Median Household Income
$31,806
Median Earnings
$973
Median Rent
$300,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail and office spaces for sale.
Where is this mixed-use property located?
The property is located at 2609 S 10th Ave Caldwell, ID.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High NOI: $134,156 makes this an attractive investment opportunity.; 6.16% CAP Rate.; NNN Lease Type.
