End-Cap Office Condo
For Sale
$380,000
Pending
603-3764 E Amity Ave, Nampa, ID 83686
End-cap office/medical condo includes a private entrance, reception, four offices, kitchen with granite counters, and private restroom.
Property Size1,225 SF
Days on Market596
Property Features for 603-3764 E Amity Ave
General Information
Standard status
Pending
Size
1,225 SF
Listing Agency:
KW Commercial
(208) 475-1313
Listed By:
Jason Knorpp · License #SP41881
(208) 283-8121
Source:
Exprealty
Added: Jan 20, 2025
Changed: Aug 31
Last Checked: Sep 7 at 3:27PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This end-cap office/retail/medical condo suite is designed for professional use and offers a private front entrance. Inside, the layout features a reception area, four offices, a kitchen with granite countertops, and a private restroom. The property is part of a condo development with multiple available units.
Additional space may be accommodated by combining units, depending on availability. For complete configurations and details on the available offerings, please refer to the listing flyer materials provided with the listing.
This suite is listed for sale as an end-cap condo and is configured as a standalone professional space, with the option to expand by combining with other units within the development.
Additional space may be accommodated by combining units, depending on availability. For complete configurations and details on the available offerings, please refer to the listing flyer materials provided with the listing.
This suite is listed for sale as an end-cap condo and is configured as a standalone professional space, with the option to expand by combining with other units within the development.
Key Highlights
- End‑cap office/medical condo with a private front entrance
- Reception area plus four offices
- Includes a kitchen with granite countertops
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
$15,821
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
4.16%
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%
$316,420
$316.4K
Cap Rate 7%
$226,014
$226.0K
Cap Rate 9%
$175,789
$175.8K
Market Conditions
NOI Build-Up for 1,225 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
$25.7K $21.00/SF
− Vacancy
−$4.6K −$3.78/SF
EGI
$21.1K $17.22/SF
− OpEx
−$5.3K −$4.31/SF
NOI
$15.8K $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%
$316,420
Cap Rate 7%
$226,014
Cap Rate 9%
$175,789
Alternative Uses
Best Use
Office B
$226.0K
$197.8K – $263.7K
NOI $15,821 @ 7.0% cap · market cap 4.16%
Second Best
Healthcare Medical
$221.4K
$193.8K – $258.4K
NOI $15,501 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$309.9K
$271.1K – $361.5K
NOI $21,691 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 83686, ID
55,343
Population
20,283
Households
2.7
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
87.7 sq mi
ZIP Area
631
Density / Sq Mi
$83,666
Median Household Income
$40,310
Median Earnings
$1,310
Median Rent
$381,800
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?
Office units - End-cap office/medical condo includes a private entrance, reception, four offices, kitchen with granite counters, and private restroom.
Where is this office units located?
The property is located at 603-3764 E Amity Ave Nampa, ID.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: End‑cap office/medical condo with a private front entrance; Reception area plus four offices; Includes a kitchen with granite countertops
