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    Mixed-Use Condo in Growing Corridor Title is generated by Realmo AI

    12545 W State St Ste#1, Star, ID 83669

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    Claim this Listing
    For Sale
    $713,000

    Mixed-use condo with residential and commercial spaces in Star.

    Type:Duplex
    Property size:
    2,370 SF
    Price / SF:
    $300/SF
    Added:
    May 25, 2026
    Days on Market:
    8
    Last Refresh:
    May 25 at 3:35 pm

    Property Features for 12545 W State St Ste#1

    General Information

    Standard status
    Active
    Size
    2,370 SF
    Property subtype
    Duplex

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Christopher Todd

    Listing agent Christopher Todd

    Listing office First Service Group Real Est.

    Listing date May 25, 2026

    Source Clearwaterproperties

    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 First Service Group Real Est.

    HighLights

    • Mixed‑use condo with residential and commercial spaces.
    • 1,200 sq ft commercial space with office, ADA bathroom, and break room.
    • Upper residential space with 2 bedrooms, 2 bathrooms, and open‑concept layout.
    • Modern finishes, quartz countertops, and vaulted ceilings.
    • Primary suite with dual sinks and tiled walk‑in shower.
    • Corner unit with abundant natural light.

    Overview

    This mixed-use condo offers a blend of residential and commercial space. The corner unit benefits from natural light and is located in a growing commercial corridor. The upper residential space includes 2 bedrooms, 2 bathrooms, and an open-concept layout featuring vaulted ceilings and modern finishes. The kitchen is equipped with quartz countertops and ample cabinetry. The primary suite includes dual sinks, quartz counters, and a tiled walk-in shower. The downstairs commercial space offers approximately 1,200 square feet of space suitable for business owners or investors. The commercial area includes a private office, an ADA-compliant bathroom, and a small break room, making it suitable for professional services, retail, studio, or office use. The total property size is 2,370 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Star
    County
    Ada
    State
    Idaho
    Longitude
    -116.5084661
    Latitude
    43.6924659

    Nearby Similar for Sale

    • $990,000
      2,391 SF

      Street-Facing Commercial Space in Stonecrest

      2,391 SF commercial unit with highway frontage and visibility.
      12567 W State St, Unit #4, Star, ID 83669
      View Details
    • $990,000
      2,456 SF

      Corner Commercial Space in Star

      2,456 SF corner commercial space on a major highway.
      12567 W State St, Unit #1, Star, ID 83669
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    • $560
      14,561 SF

      Retail/Office Buildings Near High-Traffic Area

      Proposed retail/office buildings in a rapidly growing area.
      12340 W Bounty Ln, Star, ID
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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use condo with residential and commercial spaces in Star.
    Where is this mixed-use property located?
    The property is located at 12545 W State St Ste#1 Star, ID.
    What is the asking price?
    The asking price for this property is $713,000.
    What are key features of this property?
    This property features: Mixed‑use condo with residential and commercial spaces.; 1,200 sq ft commercial space with office, ADA bathroom, and break room.; Upper residential space with 2 bedrooms, 2 bathrooms, and open‑concept layout.
    We can help!
    Listing Contact
    Christopher Todd
    Learn More
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    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.

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