Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Commercial Bldg For Lease Payette, ID 83661

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7 SF/Yr

    4,763 SF commercial building on Main Street in Payette, ID.

    Property Features for Commercial Bldg For Lease

    General Information

    Zoning
    C-Commercial

    We can help!

    Listing Contact
    Alec Dhaenens
    Alec Dhaenens
    Source: Lee-associates

    Listing Agency: Lee & Associates Idaho Listing Agent: Alec Dhaenens

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

    Learn more

    Overview

    Payette Commercial Building For Lease

    This 4,763 SF commercial building is located on just over one acre in Payette, Idaho. Situated on Main Street, the property offers high visibility, signage opportunities, and street access. The property includes a generously sized lot with on-site parking. The building has a flexible layout and existing food and beverage infrastructure. Opportunities exist for expansion and outdoor use. The roof was replaced in 2020, and the bathrooms have been recently remodeled. This property is suitable for businesses seeking a high-profile location.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Payette
    County
    Payette
    State
    Idaho
    Longitude
    -116.697
    Latitude
    44.0773

    Nearby Similar for Lease

    • $8 SF/Yr

      Versatile Commercial Space Available

      Commercial space for lease, ideal for offices or retail.
      515 N 16Th St, Payette, ID 83702
      View Details
    • $14 SF/Yr
      20,020 SF

      Versatile Commercial Space for Lease

      Adaptable spaces suitable for office, retail, daycare, or medical use.
      501 N 16Th St, Payette, ID 83702
      View Details
    • $13 SF/Yr

      Renovated Office Space in Payette

      Newly renovated office space in downtown Payette available for lease.
      2 N Main St, Payette, ID 83661
      View Details
    • $14 SF/Yr

      Payette Office Space For Rent

      Versatile office space in Payette, ideal for various professional services.
      540 S 16Th St, Payette, ID 83661
      View Details
    • $10 SF/Yr

      Turnkey Retail Opportunity in Payette

      Established hardware property with real estate and full business inventory.
      Turnkey Retail Bldg For Sale And Lease, Payette, ID 83661
      View Details
    • $17 SF/Yr

      Retail Space on Highway 95

      Turnkey retail space with high visibility and ample parking.
      Retail Spc For Lease, Payette, ID 83661
      View Details
    • $13 SF/Yr

      Turnkey Restaurant Space on Main

      Restaurant space with commercial kitchen in historic downtown Payette.
      Restaurant Spc For Lease, Payette, ID 83661
      View Details
    • $8 SF/Yr
      20,020 SF

      Hunter's Gate I Retail Space

      Prime Payette Retail Opportunity: 4,000 sq ft available.
      501 16Th St, Payette, ID 83661
      View Details
    • $10 SF/Yr
      17,814 SF

      Hunter's Gate Plaza II Office Space

      Prime Payette Office Suites Available
      515 16Th St, Payette, ID 83661
      View Details
    • Contact for pricing
      4,449 SF

      Former Daycare Space Available

      4,449 SF former daycare space available for lease.
      515 N 16Th St, Payette, ID 83661
      View Details

    FAQs

    What type of property is this?
    Storefront property - 4,763 SF commercial building on Main Street in Payette, ID.
    Where is this storefront property located?
    The property is located at Commercial Bldg For Lease Payette, ID.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Prime Main Street frontage with high visibility; - 4,763 SF building on 1.1 acres; - Generously sized lot with ample on-site parking
    (208) 405-3104
    Request Owner's contact information
    Commercial Bldg For Lease Payette, ID 83661
    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.
    Commercial Bldg For Lease
    Payette, ID 83661
    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
    Commercial Bldg For Lease Payette, ID 83661
    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
    Alec Dhaenens
    Alec Dhaenens
    Real Estate License ID: SP56514
    (208) 405-3104 (208) 343-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!