Office and Warehouse Flex
15223 N Government Way Hayden, ID 83835
For Sale
Contact for pricing
A 2017-built office and warehouse flex site with multiple roll-up doors, fiber internet, and secured fenced storage.
Property Size19,040 SF
Lot Size5.91 Acres
Price / SF$236.34
Days on Market25
Property Features for 15223 N Government Way
General Information
- Standard status
- Active
- Size
- 19,040 SF
- Lot size
- 5.91 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Coldwell Banker Commercial
(208) 704-3832
Listed By:
Rob Kannapien · License #SP26107
(208) 704-3832
Source:
Moodyscre
Added: Jul 2
Changed: Jul 25
Last Checked: Jul 26 at 12:15PM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
This for-sale flex property includes a 7,040 SF office building and a 12,000 SF warehouse, both constructed in 2017. The office features 13 private offices, a conference room, breakroom, and dual HVAC climate-controlled spaces, along with high-speed fiber optic internet, a security alarm system, and single-phase 200-amp electrical service. The warehouse is built with steel and 8-inch-thick exterior walls with insulation, and includes six 14x14-foot roll-up doors, gas heaters, a built-in pressure washer, and single-phase 400-amp electrical service.
The property sits on Government Way with 890 feet of frontage along Highway 95. The north side of the lot is fully fenced and secured, with gravel storage provided on-site.
The overall site configuration is designed to support office and industrial operations together, offering modern construction, functional loading with roll-up doors, and dedicated secured exterior storage space.
The property sits on Government Way with 890 feet of frontage along Highway 95. The north side of the lot is fully fenced and secured, with gravel storage provided on-site.
The overall site configuration is designed to support office and industrial operations together, offering modern construction, functional loading with roll-up doors, and dedicated secured exterior storage space.
Key Highlights
- 5.91‑acre Hayden, Idaho parcel with 890 ft of frontage along Highway 95 on Government Way
- 2017‑built 7,040 SF office with 13 private offices, conference room, breakroom, and dual HVAC climate‑controlled spaces
- Office includes high‑speed fiber optic internet, security alarm system, and single‑phase 200‑amp electrical service
Financial Insights For Office B
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 | $331.3k | $17.40 |
| − Vacancy | −$56.3k | −$2.96 |
| EGI | $275.0k | $14.44 |
| − OpEx | −$68.7k | −$3.61 |
| NOI | $206.2k | $10.83 |
19,040 SF · lease $17.40/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,232 @ 7.0% cap · market cap 4.58%
Second Best
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,082 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$4.13M
$3.61M – $4.82M
NOI $289,119 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
NW Spray Foam ...
General Contractor
CDA Structures Inc
Construction Company
HRCR
(Bike/Boat/Book/etc) Store
Lincoln Excavating
General Contractor
FAQs
What type of property is this?
Flex space - A 2017-built office and warehouse flex site with multiple roll-up doors, fiber internet, and secured fenced storage.
Where is this flex space located?
The property is located at 15223 N Government Way Hayden, ID.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 5.91‑acre Hayden, Idaho parcel with 890 ft of frontage along Highway 95 on Government Way; 2017‑built 7,040 SF office with 13 private offices, conference room, breakroom, and dual HVAC climate‑controlled spaces; Office includes high‑speed fiber optic internet, security alarm system, and single‑phase 200‑amp electrical service
