Manufacturing Facility With Office
For Sale
Contact for pricing
1406 N Galleria Dr, Nampa, ID 83687
Conditioned production space integrates R&D, executive offices, shipping, storage, and employee amenities under one roof.
Property Size103,459 SF
Price / SF$149.82
Days on Market10
Property Features for 1406 N Galleria Dr
General Information
Standard status
Active
Size
103,459 SF
Class
A
Property subtype
Industrial
Zoning
BC-Community Business
Lease Type
NNN
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Building Details
Year Built
2009
Year Renovated
2023
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
TOK Commercial
Listed By:
Gavin Philips · License #ID SP36418
Source:
Crexi
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 19 at 9:07PM
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 TOK Commercial
Investment Insights
Based on property information with market context.
The 103459-square-foot facility, completed in 2009, combines manufacturing, research and development, and corporate operations within a single building. Its layout includes a fully conditioned production environment, executive offices, conference and training areas, shipping, storage, and employee amenities. The property is suited to operations requiring a coordinated mix of industrial and office functions, with BC-Community Business zoning.
At 1406 N Galleria Dr in Nampa, the facility is positioned in the Gateway area with access to Interstate 84 and the future Highway 16 corridor. The surrounding amenity base includes restaurants, hotels, healthcare, and retail, while the location provides regional connectivity across the Treasure Valley.
At 1406 N Galleria Dr in Nampa, the facility is positioned in the Gateway area with access to Interstate 84 and the future Highway 16 corridor. The surrounding amenity base includes restaurants, hotels, healthcare, and retail, while the location provides regional connectivity across the Treasure Valley.
Key Highlights
- 103459 SF manufacturing and corporate operations facility
- Fully conditioned manufacturing environment with integrated R&D space
- Executive offices, conference rooms, and training areas
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
$1,033,742
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
6.67%
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%
$20,674,840
$20.7M
Cap Rate 7%
$14,767,743
$14.8M
Cap Rate 9%
$11,486,022
$11.5M
Market Conditions
NOI Build-Up for 103,459 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
$1.74M $16.80/SF
− Vacancy
−$147.7K −$1.43/SF
EGI
$1.59M $15.37/SF
− OpEx
−$556.6K −$5.38/SF
NOI
$1.03M $9.99/SF
Area
Nampa, ID
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$20,674,840
Cap Rate 7%
$14,767,743
Cap Rate 9%
$11,486,022
Alternative Uses
Best Use
Flex RnD
$14.77M
$12.92M – $17.23M
NOI $1,033,742 @ 7.0% cap · market cap 6.67%
Second Best
Industrial
$12.70M
$11.11M – $14.82M
NOI $889,044 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$26.17M
$22.90M – $30.53M
NOI $1,831,969 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
587
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Conditioned production space integrates R&D, executive offices, shipping, storage, and employee amenities under one roof.
Where is this manufacturing property located?
The property is located at 1406 N Galleria Dr Nampa, ID.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: 103459 SF manufacturing and corporate operations facility; Fully conditioned manufacturing environment with integrated R&D space; Executive offices, conference rooms, and training areas
