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Light Industrial Warehouse with Yard
For Sale
$5,000,000

16165 Norco Way, Nampa, ID 83687

Leased light industrial warehouse offering yard space and access to major corridors near I-84 and the Highway 16 interchange.

Property SizeContact for details
Days on Market108

Property Features for 16165 Norco Way

General Information

Standard status Active
Property subtype Industrial
Listing Agency: Boise
Listed By: Jack Cosca · License #SP56338
Source: Colliers
Added: Jun 16 Changed: Sep 26 Last Checked: Oct 1 at 8:02AM

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 Boise

Investment Insights

Based on property information with market context.

This property is a light industrial warehouse that includes industrial yard space. It is currently leased, with the public remarks noting the lease is below market, creating an immediate rent-growth runway. The asset also highlights a development opportunity for light industrial warehouse use within an underserved submarket.

Strategically positioned in Nampa, the property benefits from central Treasure Valley access and efficient reach across the metro. The remarks cite immediate proximity to I-84, described as the region’s primary freight and commuter corridor, along with proximity to the Highway 16 interchange. The location is also described as providing direct access to Canyon County’s workforce and an approximately 25-minute drive to Micron Technology’s Boise campus, tied to Micron’s reported $50B+ Boise fab expansion.

For tenants and operators seeking light industrial space with yard capability, the combination of warehouse function and outdoor staging supports a range of industrial needs. Buyers may also consider the current leased status and the below-market rent position referenced in the remarks, alongside the prospect of developing or improving the facility to meet local demand for light industrial product in the area.

Key Highlights

  • Leased light industrial warehouse with yard space
  • Immediate proximity to I‑84, the region’s primary freight and commuter corridor
  • Immediate proximity to the Highway 16 interchange

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Dental Office Real Estate Agency Locksmith Nail Salon Spa & Massage Center Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

179
Businesses Nearby
Well-served
Demand for This Use

Demographics for 83687, ID

37,254
Population
14,484
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
91%
High-School Grad
49.4 sq mi
ZIP Area
754
Density / Sq Mi
$72,294
Median Household Income
$40,328
Median Earnings
$1,416
Median Rent
$369,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Similar Off Market Nearby

  • Queen B Storage — 1815 madison ave, nampa, id 83687
  • Go Mini's of Boise — 813 E Fargo Ave, Nampa, ID 83687
  • Republic Storage - Nampa — 1212 Shilo Dr, Nampa, ID 83687

Frequently Asked Questions

What type of property is this?
Warehouse - Leased light industrial warehouse offering yard space and access to major corridors near I-84 and the Highway 16 interchange.
Where is this warehouse located?
The property is located at 16165 Norco Way Nampa, ID.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Leased light industrial warehouse with yard space; Immediate proximity to I‑84, the region’s primary freight and commuter corridor; Immediate proximity to the Highway 16 interchange
More about this property
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