Two-Tenant Retail/Office
For Sale
$1,350,000
412 S King Ave., Middleton, ID 83644
Two-tenant retail/office building with mixed-use zoning and convenient access to Highway 44.
Property Size6,000 SF
Price / SF$225
Days on Market72
Property Features for 412 S King Ave.
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail - Street Retail
Zoning
Mixed-Use
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
NAI Select
Listed By:
Mike Erkmann · License #SP36834
Source:
Commercialcafe
Added: May 20
Changed: Jul 22
Last Checked: Jul 24 at 4:56AM
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 NAI Select
Investment Insights
Based on property information with market context.
This 16,000 SF two-tenant retail/office building is located within Middleton Marketplace in Middleton. The property is configured to support separate tenant spaces, offering a mix of retail and office use in one building.
According to the remarks, the site is positioned in one of the Treasure Valley’s growing markets with convenient access to Highway 44 and proximity to established retailers and daily-needs businesses. The surrounding area includes dining, local specialty shops, and entertainment venues.
The property is described as being in a mixed-use zoning area, allowing for a variety of retail, office, and service-oriented uses, supported by nearby highway connections that provide access to Boise, Star, Caldwell, and the greater Treasure Valley.
According to the remarks, the site is positioned in one of the Treasure Valley’s growing markets with convenient access to Highway 44 and proximity to established retailers and daily-needs businesses. The surrounding area includes dining, local specialty shops, and entertainment venues.
The property is described as being in a mixed-use zoning area, allowing for a variety of retail, office, and service-oriented uses, supported by nearby highway connections that provide access to Boise, Star, Caldwell, and the greater Treasure Valley.
Key Highlights
- Two‑tenant retail/office building totaling 6,000 SF in Middleton Marketplace
- Convenient access to Highway 44 with nearby routes to Boise, Star, Caldwell, and the Treasure Valley
- Mixed‑use zoning allows a variety of retail, office, and service‑oriented uses
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.0k | $21.00 |
| − Vacancy | −$15.1k | −$2.52 |
| EGI | $110.9k | $18.48 |
| − OpEx | −$27.7k | −$4.62 |
| NOI | $83.2k | $13.86 |
6,000 SF · lease $21.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 6.16%
Second Best
Retail
$1.08M
$940.7K – $1.25M
NOI $75,252 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,868 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 83644, ID
14,568
Population
5,362
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
94%
High-School Grad
45.8 sq mi
ZIP Area
318
Density / Sq Mi
$86,306
Median Household Income
$41,052
Median Earnings
$1,085
Median Rent
$392,000
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 - Two-tenant retail/office building with mixed-use zoning and convenient access to Highway 44.
Where is this retail space located?
The property is located at 412 S King Ave. Middleton, ID.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑tenant retail/office building totaling 6,000 SF in Middleton Marketplace; Convenient access to Highway 44 with nearby routes to Boise, Star, Caldwell, and the Treasure Valley; Mixed‑use zoning allows a variety of retail, office, and service‑oriented uses
