Nampa Apartments - 100%
For Sale
$3,265,000
16090 N Merchant Way, Nampa, ID 83687
Apartment building in Nampa, Idaho, currently 100% leased.
Property Size12,241 SF
Price / SF$266.73
Days on Market168
Property Features for 16090 N Merchant Way
General Information
Standard status
Active
Size
12,241 SF
Property subtype
Multi-Family
Building Details
Year Built
2021
Listing Agency:
KW Commercial
Listed By:
Tricia Callies · License #AB18477
(208) 387-0004
Source:
Scotreidrealty
Added: May 14
Changed: Oct 26
Last Checked: Oct 7 at 5:08PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,628
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,412,560
$2.4M
Cap Rate 7%
$1,723,257
$1.7M
Cap Rate 9%
$1,340,311
$1.3M
Market Conditions
NOI Build-Up for 12,241 SF
Gross rent
$232.1K $18.96/SF
− Vacancy
−$12.8K −$1.04/SF
EGI
$219.3K $17.92/SF
− OpEx
−$98.7K −$8.06/SF
NOI
$120.6K $9.85/SF
Area
Nampa, ID
Vacancy
5.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,412,560
Cap Rate 7%
$1,723,257
Cap Rate 9%
$1,340,311
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
