Nampa Apartments - 100%
16090 N MERCHANT WAY Nampa, ID
16090 N MERCHANT WAY, Nampa, ID, 00000
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For Sale
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Apartment building in Nampa, Idaho, currently 100% leased.
Property Size12,241 SF
Price / SF$266.73
Days on Market68
Property Features for 16090 N MERCHANT WAY
General Information
- Standard status
- Active
- Size
- 12,241 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2021
Listing Agency
KW Commercial Boise
Listed by
Tricia Callies CCIM, CPM · License #ID AB18477
Source
Crexi
Added: May 12 Checked: Jul 16 at 11:15 am
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 Boise
Investment Insights
Based on property information with market context.
This apartment building, located in Nampa, Idaho, is currently 100% leased. The property encompasses a total size of 12241 square feet. It is classified as an apartment building, multifamily property, and residential income property.
Key Highlights
- 100% Leased
- Built in 2021
Local Financial Insights For Apartment 5plus
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 | $232.1k | $18.96 |
| − Vacancy | −$12.8k | −$1.04 |
| EGI | $219.3k | $17.92 |
| − OpEx | −$98.7k | −$8.06 |
| NOI | $120.6k | $9.85 |
12,241 SF · lease $18.96/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,628 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,754 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building in Nampa, Idaho, currently 100% leased.
Where is this apartment building located?
The property is located at 16090 N MERCHANT WAY Nampa, ID.
What is the asking price?
The asking price for this property is $3,265,000.
What are key features of this property?
This property features: 100% Leased; Built in 2021
