New Office-Retail Building with
For Sale
Contact for pricing
1510 N Happy Valley Rd, Nampa, ID 83687
New construction office/retail building with an over-7-stalls-per-1,000-SF parking ratio and available tenant improvements.
Property Size13,716 SF
Price / SF$149.46
Days on Market850
Property Features for 1510 N Happy Valley Rd
General Information
Standard status
Active
Size
13,716 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Properties For Sale
at 1510 N Happy Valley Rd Contact us- Size
- 13,716 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE
1510 N Happy Valley Rd.
• Highly desirable office/retail building with ease of
freeway access in Nampa
•...
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Listing Agency:
Colliers International Idaho - Boise
(208) 493-5111
Listed By:
Bryan Vaughn · License #SP51491
(208) 493-5111
Source:
Moodyscre
Added: Apr 25, 2024
Changed: Aug 8
Last Checked: Apr 19 at 3:15PM
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 Colliers International Idaho - Boise
Investment Insights
Based on property information with market context.
A new office/retail building offering efficient floor plans and a generous tenant improvement package for qualified tenants. The property is configured to support office and retail uses, with parking provided at a high ratio of over 7 stalls per 1,000 square feet.
The building is positioned in Nampa with ease of freeway access. It is located near Primary Health, St. Alphonsus’ Nampa Campus, and Nampa Digestive Health and Endoscopy Center, with numerous amenities available within the Nampa Gateway Shopping Center and surrounding area.
For prospective tenants or buyers, the property also notes availability of options such as partial ownership or a joint venture opportunity, depending on qualification and terms.
The building is positioned in Nampa with ease of freeway access. It is located near Primary Health, St. Alphonsus’ Nampa Campus, and Nampa Digestive Health and Endoscopy Center, with numerous amenities available within the Nampa Gateway Shopping Center and surrounding area.
For prospective tenants or buyers, the property also notes availability of options such as partial ownership or a joint venture opportunity, depending on qualification and terms.
Key Highlights
- New construction office/retail building in Nampa with available tenant improvements (TI package)
- Parking ratio of over 7 stalls per 1,000 SF
- Efficient floor plans in the new build office/retail layout
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
$177,142
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
8.64%
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%
$3,542,840
$3.5M
Cap Rate 7%
$2,530,600
$2.5M
Cap Rate 9%
$1,968,244
$2.0M
Market Conditions
NOI Build-Up for 13,716 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
$288.0K $21.00/SF
− Vacancy
−$51.8K −$3.78/SF
EGI
$236.2K $17.22/SF
− OpEx
−$59.0K −$4.31/SF
NOI
$177.1K $12.92/SF
Area
Nampa, ID
Vacancy
18.00%
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%
$3,542,840
Cap Rate 7%
$2,530,600
Cap Rate 9%
$1,968,244
Alternative Uses
Best Use
Office B
$2.53M
$2.21M – $2.95M
NOI $177,142 @ 7.0% cap · market cap 8.64%
Second Best
Retail
$2.35M
$2.05M – $2.74M
NOI $164,181 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $242,872 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
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
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 - New construction office/retail building with an over-7-stalls-per-1,000-SF parking ratio and available tenant improvements.
Where is this retail space located?
The property is located at 1510 N Happy Valley Rd Nampa, ID.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: New construction office/retail building in Nampa with available tenant improvements (TI package); Parking ratio of over 7 stalls per 1,000 SF; Efficient floor plans in the new build office/retail layout
