Office Condo
For Sale
Contact for pricing
3746-3794 E Amity Avenue, Nampa, ID 83687
Individually owned commercial units offer flexible layouts and the option to combine adjacent spaces.
Property Size1,225 SF
Price / SF$306.12
Days on Market1106
Property Features for 3746-3794 E Amity Avenue
General Information
Standard status
Active
Size
1,225 SF
Property subtype
OFFICE
Additional Details
Office Units
51
Listing Agency:
KW Commercial
(208) 283-8121
Listed By:
Jason Knorpp · License #SP41881
(208) 283-8121
Source:
Moodyscre
Added: Aug 23, 2023
Changed: Aug 31
Last Checked: Aug 30 at 9:34PM
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.
Amity Crossing comprises 51 individually owned commercial condominium units within an office and retail park at the intersection of E Amity Avenue and Grays Lane. Each unit provides 1,225 square feet with an efficient layout suited to office or retail occupancy, and buyers may customize their space to support their business requirements.
Adjacent units can be combined into a larger configuration of up to 7,342 square feet, providing flexibility for businesses that need more room than a single unit offers. The property is located in Nampa, Idaho, at 3746-3794 E Amity Avenue.
Adjacent units can be combined into a larger configuration of up to 7,342 square feet, providing flexibility for businesses that need more room than a single unit offers. The property is located in Nampa, Idaho, at 3746-3794 E Amity Avenue.
Key Highlights
- 51 individual commercial condominium units
- Each unit contains 1,225 square feet
- Units can be combined into spaces up to 7,342 square feet
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
4.22%
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 4.22%
Second Best
Retail
$209.5K
$183.3K – $244.4K
NOI $14,663 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$309.9K
$271.1K – $361.5K
NOI $21,691 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
51
Office units
Location Intelligence
Trade Area within ½ mile
103
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?
Office units - Individually owned commercial units offer flexible layouts and the option to combine adjacent spaces.
Where is this office units located?
The property is located at 3746-3794 E Amity Avenue Nampa, ID.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 51 individual commercial condominium units; Each unit contains 1,225 square feet; Units can be combined into spaces up to 7,342 square feet
