Office Complex with Vacant
For Sale
$990,000
1207- 1211 Kimball Unit Total square footage 3300, Caldwell, ID 83605
Two commercial office buildings and an adjoining vacant lot are offered together, with buyer to verify permitted uses.
Property Size3,300 SF
Price / SF$300
Days on Market54
Property Features for 1207- 1211 Kimball Unit Total square footage 3300
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
Lot Features: 10000 SF - .49 Acre, Lawn Sprinklers, On City Bus Route, Lot Size Acres: 0.46, Lot Size Area: 0.46, Lot Size Square Feet: 20037.6, Lot Size Units: Acres
Door Features: Grade Level Door
Tax Legal Description: Multiple Parcels
Flooring: Wood
Cooling: Central Air, Cooling YN: t
Heating: Forced Air, Natural Gas, Heating YN: t
Business Type: Professional/Office, Listing Id: 98992277, Listing Service: Full Service, Listing Terms: Cash, Consider All, List Price: 990000, Mls Status: Active, Number Of Units Total: 2, Standard Status: Active
Parking Features: 11 - 20 Spaces
Above Grade Finished Area Units: Square Feet, Below Grade Finished Area Units: Square Feet, Building Area Total: 3300, Building Area Units: Square Feet, Building Name: Kimball Estates, Construction Materials: Brick, Log, Living Area: 3300, Living Area Units: Square Feet, Year Built: 1979
City: Caldwell, Coordinates: -116.675777, 43.675344, Country: US, County Or Parish: Canyon, Latitude: 43.675344, Longitude: -116.675777, Postal Code: 83605, State Or Province: ID, Street Name: Kimball, Street Number: 1207- 1211, Street Number Numeric: 1207, Unit Number: Total square footage 3300, Unparsed Address: 1207- 1211 Kimball # 3300, Caldwell ID 83605
Farm Land Area Units: Square Feet, Leasable Area Units: Square Feet, Parcel Number: R0008310100, R0008310200 & R0008310300, Possible Use: Land Suitable(Multifamily, Office, Retail, Retail Pad, Other), Industrial Suitable(Manufacturing, Business Park, Flex Space, Office Showroom), Multi Family Suitable(Duplex/Triplex/Fourplex), Office Suitable(Medical Office, Business Park, Creative/Loft, Office Building), Residential Income Suitable(Duplex/Triplex/Fourplex), Retail Suitable(Business Park, Free Standing Building, Retail Pad, Street Retail), Sport/Entertainment Suitable(Golf Related), Property Attached YN: t, Property Type: Commercial Sale, Road Surface Type: Paved, Security Features: Fire Alarm, Fire Sprinkler System
Utilities: Sewer Connected, Cable Connected, Propane
Water Source: City Service
Accessibility Features: Handicap Access
Exterior Features: Paved Outside Area
Building Details
Year Built
1979
Listing Agency:
Silvercreek Realty Group
(208) 880-1673
Listed By:
Stephanie Rohrdanz · License #26674
(208) 880-1673
Source:
Thgboise
Added: Jun 30
Changed: Aug 22
Last Checked: Aug 22 at 3:54AM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This offering includes two commercial office buildings plus an adjoining vacant lot, all sold together as one package. The property is presented as a versatile office complex, allowing for use of one building and potential rental use of the other. The adjoining vacant lot adds flexibility for future expansion, new construction, or additional parking, and the listing notes that permitted uses are for the buyer to verify.
The property is described as being located in Caldwell, just minutes from downtown, with convenient access to major businesses and the freeway. The configuration and shared offering are intended to support both owner-user occupancy and investment use, depending on how the buildings and lot are planned.
The property is described as being located in Caldwell, just minutes from downtown, with convenient access to major businesses and the freeway. The configuration and shared offering are intended to support both owner-user occupancy and investment use, depending on how the buildings and lot are planned.
Key Highlights
- Two commercial office buildings (Year built: 1979) plus an adjoining vacant lot are offered together.
- Adjoining vacant lot adds flexibility for future expansion, new construction, or added parking (buyer to verify permitted uses).
- Setup supports owner‑user use in one building while leasing the other, or leasing both buildings.
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
$45,738
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
4.62%
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%
$914,760
$914.8K
Cap Rate 7%
$653,400
$653.4K
Cap Rate 9%
$508,200
$508.2K
Market Conditions
NOI Build-Up for 3,300 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
$69.3K $21.00/SF
− Vacancy
−$8.3K −$2.52/SF
EGI
$61.0K $18.48/SF
− OpEx
−$15.2K −$4.62/SF
NOI
$45.7K $13.86/SF
Area
Canyon County, ID
Vacancy
12.00%
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%
$914,760
Cap Rate 7%
$653,400
Cap Rate 9%
$508,200
Alternative Uses
Best Use
Office B
$653.4K
$571.7K – $762.3K
NOI $45,738 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.0K
$769.1K – $1.03M
NOI $61,527 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4
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?
Office building - Two commercial office buildings and an adjoining vacant lot are offered together, with buyer to verify permitted uses.
Where is this office building located?
The property is located at 1207- 1211 Kimball Unit Total square footage 3300 Caldwell, ID.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two commercial office buildings (Year built: 1979) plus an adjoining vacant lot are offered together.; Adjoining vacant lot adds flexibility for future expansion, new construction, or added parking (buyer to verify permitted uses).; Setup supports owner‑user use in one building while leasing the other, or leasing both buildings.
