Street-Facing Commercial Space in
For Sale
Contact for pricing
Pending
12567 W State St Unit #4, Star, ID 83669
2,391 SF commercial unit with highway frontage and visibility.
Property Size2,391 SF
Days on Market290
Property Features for 12567 W State St Unit #4
General Information
Standard status
Pending
Size
2,391 SF
Property subtype
Retail, Office, Mixed Use, Business for Sale
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 26 at 10:09AM
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 2,391 sq ft street-facing commercial space is located in the Stonecrest mixed-use development. The property offers visibility from State Highway 44. The space is designed for flexibility, suitable as an open retail storefront with large display windows, private office or exam rooms, or general office space. It features high ceilings, ground-level access, ample parking, modern utilities, and signage facing the highway. This location is suitable for retail, service, medical or professional office, a fitness studio, or a corporate branch. Stonecrest is situated in a rapidly growing community with increasing residential development, bringing both daytime and evening traffic to the site. The location benefits from a growing local customer base. Its proximity to major Treasure Valley corridors and easy access to SH-44 and SH-16 increases drive-by exposure and regional draw. The owner will consider build-to-suit improvements. The property is located on the south side of State Street (Hwy 44) between Albertsons and Can-Ada Rd in Star, ID. The flexible floor plan is suited for retail, professional office, or light service use and is surrounded by new residential development.
Key Highlights
- Prime 2,391 sq ft commercial space with best‑in‑class visibility from State Highway 44.
- Located in the heart of the new Stonecrest mixed‑use development in a fast‑growing community.
- Flexible floor plan suited for retail, service, medical/professional office, or fitness studio.
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
$32,386
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
3.27%
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%
$647,720
$647.7K
Cap Rate 7%
$462,657
$462.7K
Cap Rate 9%
$359,844
$359.8K
Market Conditions
NOI Build-Up for 2,391 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
$50.2K $21.00/SF
− Vacancy
−$7.0K −$2.94/SF
EGI
$43.2K $18.06/SF
− OpEx
−$10.8K −$4.52/SF
NOI
$32.4K $13.54/SF
Area
Ada County, ID
Vacancy
14.00%
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%
$647,720
Cap Rate 7%
$462,657
Cap Rate 9%
$359,844
Alternative Uses
Best Use
Office B
$462.7K
$404.8K – $539.8K
NOI $32,386 @ 7.0% cap · market cap 3.27%
Second Best
Retail
$432.9K
$378.8K – $505.1K
NOI $30,305 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$660.3K
$577.8K – $770.4K
NOI $46,223 @ 7.0% cap · market cap 4.67%
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,391 SF commercial unit with highway frontage and visibility.
Where is this retail space located?
The property is located at 12567 W State St Unit #4 Star, 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: Prime 2,391 sq ft commercial space with **best‑in‑class visibility** from State Highway 44.; Located in the heart of the new Stonecrest mixed‑use development in a fast‑growing community.; Flexible floor plan suited for retail, service, medical/professional office, or fitness studio.
