Big Box Flex Space with
1306 E Homedale Rd Caldwell, ID 83607
1306 E Homedale Rd, Caldwell, ID, 83607
Contact for pricing
For Sale
Contact for pricing
Former gymnastics studio offers wide-open layout, his/her restrooms, and a designed future mezzanine.
Property Size10,300 SF
Price / SF$247.57
Days on Market107
Property Features for 1306 E Homedale Rd
General Information
- Standard status
- Active
- Size
- 10,300 SF
- Property subtype
- Industrial, Mixed Use, Special Purpose
Listing agency
Michener Investments LLP
(208) 336-3202
Listed by
Keith Cochran · License #co49182
Source
Crexi
Added: Apr 7 Updated: Jul 22 at 2:20PM Checked: Jul 22 at 2:20PM
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 Michener Investments LLP
Investment Insights
Based on property information with market context.
This big box flex space is soon to be a former gymnastics studio and features a wide-open interior layout. The building includes his/her restrooms and was built with a future-designed mezzanine concept. The space is available for sale and is expected to be ready for occupancy within months.
Located at 1306 E Homedale Rd in Caldwell, ID, the property is suited for a variety of re-tenanting and reconfiguration plans given its open presentation and mezzanine-ready design.
With approximately 10,300 square feet, the primary value is the clear, flexible footprint paired with the ability to incorporate a future mezzanine arrangement as designed during construction. The owner indicates motivation for a quick sale.
Located at 1306 E Homedale Rd in Caldwell, ID, the property is suited for a variety of re-tenanting and reconfiguration plans given its open presentation and mezzanine-ready design.
With approximately 10,300 square feet, the primary value is the clear, flexible footprint paired with the ability to incorporate a future mezzanine arrangement as designed during construction. The owner indicates motivation for a quick sale.
Key Highlights
- Former gymnastics studio with a wide‑open layout for flexible use
- His‑and‑her restrooms included
- Built with a designed future mezzanine
Local Financial Insights For Flex RnD
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 | $173.0k | $16.80 |
| − Vacancy | −$14.7k | −$1.43 |
| EGI | $158.3k | $15.37 |
| − OpEx | −$55.4k | −$5.38 |
| NOI | $102.9k | $9.99 |
10,300 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.47M
$1.29M – $1.72M
NOI $102,916 @ 7.0% cap · market cap 4.04%
Second Best
Industrial
$1.25M
$1.10M – $1.46M
NOI $87,666 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,040 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Diamond Peak Gymnastics
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Former gymnastics studio offers wide-open layout, his/her restrooms, and a designed future mezzanine.
Where is this flex space located?
The property is located at 1306 E Homedale Rd Caldwell, ID.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Former gymnastics studio with a wide‑open layout for flexible use; His‑and‑her restrooms included; Built with a designed future mezzanine
