Bank-Anchored Retail Investment
1217 2nd St S, Nampa, ID 83651
For Sale
$4,450,000
Fully leased retail building in downtown Nampa with stable income.
Property Size18,543 SF
Price / SF$196.93
Days on Market359
Property Features for 1217 2nd St S
General Information
Standard status
Size
Property subtype
Occupancy
Building Details
Building Size
Listing Agency:
TOK Commercial - Boise
Listed By:
Mike Greene, SIOR, CCIM · License ID SP34044
(208) 947-0835
Source:
Tokcommercial
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Sep 18 at 3:39AM
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 TOK Commercial - Boise
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Investment Insights
Based on property information with market context.
Located in downtown Nampa, the 22,597-square-foot property is anchored by First Federal Bank. Additional tenants include Pub & Putt and Solovey Kitchen. The property is fully leased with NNN lease structures that include annual rent increases and multiple renewal options. Private on-site parking is available. The property is located within the Downtown Historic (DH) zoning district, which supports a mix of retail, office, and residential uses. City-backed incentives are available for future facade or tenant improvements. The Boise Valley metro area is projected to surpass 1 million residents by 2050. The property benefits from regional fundamentals, low vacancy rates, and economic growth. The property delivers a current NOI of $255,325 and an in-place cap rate of 5.74%. The property was recently remodeled in 2024.
Key Highlights
- Anchored by First Federal Bank, a reputable financial institution recognized by Forbes.
- Fully leased with NNN leases, featuring annual rent increases (2.5%-3.5%), ensuring stable and growing cash flow.
- Rare private on‑site parking, a significant advantage in the downtown core.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,754
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,215,080
$6.2M
Cap Rate 7%
$4,439,343
$4.4M
Cap Rate 9%
$3,452,822
$3.5M
Market Conditions
NOI Build-Up for 22,597 SF
Gross rent
$433.9K $19.20/SF
− Vacancy
−$19.5K −$0.86/SF
EGI
$414.3K $18.34/SF
− OpEx
−$103.6K −$4.58/SF
NOI
$310.8K $13.75/SF
Area
Nampa, ID
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,215,080
Cap Rate 7%
$4,439,343
Cap Rate 9%
$3,452,822
Alternative Uses
Best Use
Specialty Retail
$4.44M
$3.88M – $5.18M
NOI $310,754 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$3.86M
$3.38M – $4.51M
NOI $270,486 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$5.72M
$5.00M – $6.67M
NOI $400,130 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Wells Fargo
Shops & Services
9,649 visits/mo
0.3 miles
Chevron
Shops & Services
6,529 visits/mo
0.4 miles
Arctic Circle
Dining
5,294 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,902 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,529 visits/mo
0.2 miles
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bank - Fully leased retail building in downtown Nampa with stable income.
Where is this bank located?
The property is located at 1217 2nd St S Nampa, ID.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Anchored by First Federal Bank, a reputable financial institution recognized by Forbes.; Fully leased with NNN leases, featuring annual rent increases (2.5%-3.5%), ensuring stable and growing cash flow.; Rare private on‑site parking, a significant advantage in the downtown core.
