Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1406 N Galleria Dr Nampa, ID

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    104,000 SF building near Central Valley Express Way.

    Type:RETAIL
    Property size:
    104,000 SF
    Lot size:
    5.90 Acres
    Price / SF:
    $163/SF
    Added:
    Mar 6, 2025
    Days on Market:
    415
    Last Refresh:
    Apr 5 at 8:06 pm

    Property Features for 1406 N Galleria Dr

    General Information

    Standard status
    Active
    Size
    104,000 SF
    Lot size
    5.90 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1406 N Galleria Dr Contact us

    We can help!

    Listing Contact
    Bryan Vaughn

    Listing agent Bryan Vaughn

    Listing office Colliers International Idaho - Boise

    Listing date Mar 6, 2025

    Source Moodyscre

    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

    Overview

    Former Macy's Building Available

    The property features a 104,000 square foot former Macy’s building. It is located a quarter mile to the east of the Central Valley Express Way and is within minutes of the Ford Idaho Center, College of Western Idaho (CWI), Amazon, and St. Alphonsus. The location is a 15-minute drive to West Boise, Meridian, Eagle, Middleton, and Caldwell.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    House of Design Robotic ... Corporate Office House of Design Robotics Production Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nampa
    County
    Canyon
    State
    Idaho
    Longitude
    -116.51
    Latitude
    43.597

    Nearby Similar for Sale

    • $750,000
      3,720 SF

      Nampa Fourplex Investment Opportunity

      Well-maintained fourplex near university and high school in Nampa.
      1426 E Sharons Loop, Nampa, ID 83686
      View Details
    • $696,500
      3,842 SF

      Spacious Duplex in Prime Location

      Well-maintained duplex with strong rental income potential in Nampa, Idaho.
      1119 10th Ave So., Nampa, ID 83651
      View Details
    • $575,000
      2,948 SF

      Two Homes on One Lot

      Two homes, flexibility, income, and long-term value in Nampa.
      219 24th Ave S, Nampa, ID 83651
      View Details
    • $980,000
      4,722 SF

      Income Property with Hostel

      Income property featuring a hostel, new home, and apartment.
      17322 Canada Road, Nampa, ID 83687
      View Details
    • $575,000
      2,296 SF

      Nampa Duplex with Development Potential

      Well-maintained duplex with development potential and updated interiors.
      229 Hudson Ave, Nampa, ID 83651
      View Details
    • $420,000
      2,320 SF

      Nampa Multifamily Investment Opportunity

      Investment property near university with two units and detached garage.
      119 S Holly Street, Nampa, ID 83686
      View Details
    • $550,000
      2,764 SF

      Nampa Multi-Generational Home with Income

      Remodeled home with ADU on large lot, income potential.
      7694 Birch Ln, Nampa, ID 83687
      View Details
    • $675,000
      2,928 SF

      Nampa Fourplex Near NNU

      Fourplex near Northwest Nazarene University with income potential.
      412 15th Ave S, Nampa, ID 83651
      View Details
    • $490,000
      2,316 SF

      Nampa Turnkey Investment Triplex

      Well-maintained triplex near university, shopping, and recreation.
      607 S Powerline, Nampa, ID 83686
      View Details
    • $330,000
      1,380 SF

      Nampa Townhome with Community Amenities

      Move-in ready townhome near Nampa's shopping, dining, and downtown.
      2329 E Spice Loop Unit #1, Nampa, ID 83687
      View Details
    • $325,000
      1,380 SF

      Nampa Townhome with Community Pool

      Move-in ready townhome with 9-ft ceilings and community pool.
      2329 E Spice Loop Unit 4, Nampa, ID 83687
      View Details
    • $1,425,000
      5,327 SF

      Nampa Multifamily Investment Opportunity

      Two renovated buildings near Nampa's Historic Downtown District.
      911 2nd Street S, Nampa, ID 83651
      View Details

    FAQs

    What type of property is this?
    Shopping mall - 104,000 SF building near Central Valley Express Way.
    Where is this shopping mall located?
    The property is located at 1406 N Galleria Dr Nampa, ID.
    What is the asking price?
    The asking price for this property is $17,000,000.
    What are key features of this property?
    This property features: 104,000 SF former Macy’s building; Central Valley Express Way access (0.25 miles); Proximity to Ford Idaho Center, CWI, Amazon & St. Alphonsus
    (208) 493-5111 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bryan Vaughn
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!