Renovated Retail
For Sale
$785,000
1407 2nd St S, Nampa, ID 83651
Recently updated commercial space with a glass roll-up door and CN zoning supporting retail and showroom applications.
Property Size4,232 SF
Price / SF$185.49
Days on Market109
Property Features for 1407 2nd St S
General Information
Standard status
Active
Size
4,232 SF
Property subtype
Retail - Street Retail
Zoning
CN (Central Nampa)
Amenities
glass roll-up door
Building Details
Building Size
4,232 SF
Year Built
1940
Year Renovated
2023
Listing Agency:
Lee & Associates Idaho
(208) 343-2300
Listed By:
RJ Walker · License #SP 51803
Source:
Commercialcafe
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 1:16PM
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 Lee & Associates Idaho
Investment Insights
Based on property information with market context.
This storefront property contains approximately 4,232 square feet of recently renovated commercial space in a functional configuration. Modern updates are paired with a glass roll-up door, creating a practical feature for retail or showroom operations. The building was constructed in 1940 and is positioned along a primary commercial corridor in Nampa.
The property is located at 1407 2nd St S and carries CN (Central Nampa) zoning. That designation provides flexibility for a range of uses, while the storefront format and updated interior support retail and showroom occupancy. The combination of renovated space, corridor frontage, and adaptable zoning gives the property a clear commercial profile for an owner-user or investor evaluating occupancy and repositioning options.
The property is located at 1407 2nd St S and carries CN (Central Nampa) zoning. That designation provides flexibility for a range of uses, while the storefront format and updated interior support retail and showroom occupancy. The combination of renovated space, corridor frontage, and adaptable zoning gives the property a clear commercial profile for an owner-user or investor evaluating occupancy and repositioning options.
Key Highlights
- Approximately 4,232 SF of recently renovated commercial space
- CN (Central Nampa) zoning supports a wide range of uses
- Glass roll‑up door suited to retail or showroom operations
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
$50,657
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
6.45%
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%
$1,013,140
$1.0M
Cap Rate 7%
$723,671
$723.7K
Cap Rate 9%
$562,856
$562.9K
Market Conditions
NOI Build-Up for 4,232 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
$76.2K $18.00/SF
− Vacancy
−$3.8K −$0.90/SF
EGI
$72.4K $17.10/SF
− OpEx
−$21.7K −$5.13/SF
NOI
$50.7K $11.97/SF
Area
Nampa, ID
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,013,140
Cap Rate 7%
$723,671
Cap Rate 9%
$562,856
Alternative Uses
Best Use
Retail
$723.7K
$633.2K – $844.3K
NOI $50,657 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$936.7K – $1.25M
NOI $74,937 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
102k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 39%
Dining 11%
Electronics 1%
Albertsons
Groceries
39,928 visits/mo
0.4 miles
Wells Fargo
Shops & Services
9,649 visits/mo
0.3 miles
Stinker Station
Shops & Services
9,331 visits/mo
0.5 miles
Chevron
Shops & Services
6,529 visits/mo
0.1 miles
Arctic Circle
Dining
5,294 visits/mo
0.3 miles
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Recently updated commercial space with a glass roll-up door and CN zoning supporting retail and showroom applications.
Where is this storefront property located?
The property is located at 1407 2nd St S Nampa, ID.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Approximately 4,232 SF of recently renovated commercial space; CN (Central Nampa) zoning supports a wide range of uses; Glass roll‑up door suited to retail or showroom operations
