Corner Commercial Space in
For Sale
Contact for pricing
Pending
12567 W State St Unit #1, Star, ID 83669
2,456 SF corner commercial space on a major highway.
Property Size2,456 SF
Days on Market291
Property Features for 12567 W State St Unit #1
General Information
Standard status
Pending
Size
2,456 SF
Property subtype
Hospitality, Office, Retail
Zoning
Central Business District
Building Details
Units
1
Listing Agency:
First Service Group Real Est
(208) 343-9393
Listed By:
Christopher Todd · License #ID 42015
Source:
Crexi
Added: Oct 27, 2025
Changed: Aug 8
Last Checked: Jul 24 at 6:05AM
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
Investment Insights
Based on property information with market context.
This 2,456 square foot corner commercial space is located on a major highway corridor in Star, Idaho, offering visibility and access for local residents and regional commuters. The building provides a flexible area suitable for a variety of commercial businesses. The area is experiencing rapid population expansion and rising household incomes, attracting families, retirees, and professionals relocating to the Boise metro area, which is creating demand. Infrastructure investments, such as the SH-44 widening and the new SH-16/44 interchange, are expected to increase traffic flows and accessibility.
Key Highlights
- High‑visibility corner location on State St/Hwy 44.
- Located in Star, ID, a rapidly growing suburban area of the Boise metro.
- 2,456 sq ft of flexible commercial space suitable for various businesses.
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
$31,129
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
3.38%
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%
$622,580
$622.6K
Cap Rate 7%
$444,700
$444.7K
Cap Rate 9%
$345,878
$345.9K
Market Conditions
NOI Build-Up for 2,456 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
$46.6K $18.96/SF
− Vacancy
−$2.1K −$0.85/SF
EGI
$44.5K $18.11/SF
− OpEx
−$13.3K −$5.43/SF
NOI
$31.1K $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$622,580
Cap Rate 7%
$444,700
Cap Rate 9%
$345,878
Alternative Uses
Best Use
Retail
$444.7K
$389.1K – $518.8K
NOI $31,129 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.3K
$593.5K – $791.3K
NOI $47,479 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 83669, ID
13,647
Population
5,608
Households
2.4
Avg Household Size
42
Median Age
32%
College-Educated
98%
High-School Grad
22.0 sq mi
ZIP Area
620
Density / Sq Mi
$98,768
Median Household Income
$42,123
Median Earnings
$1,633
Median Rent
$535,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,456 SF corner commercial space on a major highway.
Where is this retail space located?
The property is located at 12567 W State St Unit #1 Star, ID.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: High‑visibility corner location on State St/Hwy 44.; Located in Star, ID, a rapidly growing suburban area of the Boise metro.; 2,456 sq ft of flexible commercial space suitable for various businesses.
