Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Industrial Property For Rent Title is generated by Realmo AI

    16240 Norco Way, Nampa, ID 83687

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial property with dock and grade level loading for rent.

    Type:Industrial
    Added:
    Jun 4, 2025
    Days on Market:
    348
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 16240 Norco Way

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 16240 Norco Way Contact us

    Norco 4 Building (Sublease) $0.65/Mo

    Size
    90,000 SF
    Type
    Industrial
    NNN Est.: $0.16/SFrnLease Expiration: 11/30/2027rnAvailable: October, 2025
    Contact us

    We can help!

    Listing Contact
    Chris Pearson
    Chris Pearson

    Listing agent Chris Pearson License #ID SP31401

    Listing office TOK Commercial

    Listing date Jun 4, 2025

    Source Crexi

    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

    HighLights

    • Excellent freeway accessibility for easy commutes and deliveries.
    • VOLT/3 PHASE power, ready to handle demanding operations.
    • Dock and grade level loading provides versatile options.
    • Strategic location in a highly desirable industrial area.
    • Proximity to key commercial services adds convenience.
    • Highly desirable industrial area.

    Overview

    This industrial property is available for rent and features VOLT/3 PHASE power. The property includes both dock and grade level loading capabilities. Its location provides freeway accessibility and proximity to commercial services. This property is situated in an industrial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Concordance Healthcare Solutions Distribution Center Concordance Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nampa
    County
    Canyon
    State
    Idaho
    Longitude
    -116.566773
    Latitude
    43.6078091

    Nearby Similar for Lease

    • $34,500 SF/Yr
      1,500 SF

      Nampa Office Space Available

      Efficient office space with private offices and ample storage.
      Nampa, ID 83651
      View Details
    • $17 SF/Yr
      7,836 SF

      Shell Space on Busy Arterial

      Adaptable shell space with high visibility and signage opportunities.
      914 12th Avenue Road, Nampa, ID 83686
      View Details
    • $0.95 SF/Yr
      30,975 SF

      Renovated Industrial Complex For Lease

      Light industrial complex featuring three buildings totaling approximately 30,975 SF.
      1208 Madison Avenue, Nampa, ID, 83687
      View Details
    • $1,572/Mo

      Prime Retail/Office Space Available

      High-visibility retail or office space in a busy commercial hub.
      2205 A&B N. Cassia St., Nampa, ID 83651
      View Details
    • $0.60 SF/Yr
      152,140 SF

      Nampa Industrial Property with Rail

      Industrial property for sublease with rail access and yard space.
      1820 E Fargo Ave, Nampa, ID 83687
      View Details
    • $15 SF/Yr
      106,931 SF

      Nampa Manufacturing/Warehouse Space Available

      Manufacturing, warehouse, and office space for lease in Nampa.
      1551 N. 11th Avenue, Nampa, ID 83651
      View Details
    • $18 SF/Yr
      6,106 SF

      Office Space in Nampa

      6,106 SF office space available for lease.
      3904 E Flamingo Ave, Nampa, ID
      View Details
    • $1.01 SF/Yr
      8,500 SF

      Newly Built Industrial Building Sublease

      8,500 SF industrial building for sublease in Nampa, Idaho.
      Nampa, ID 83687, ID 83687
      View Details
    • Contact for pricing
      8,975 SF

      Renovated Industrial Property with Yard

      Industrial property featuring warehouse, office space, and paved yard.
      1208 Madison Avenue, Nampa, ID, 83687
      View Details
    • $1.10 SF/Yr
      8,032 SF

      Industrial Property with Drive-Thru Capability

      Industrial property featuring a secure yard, ample parking, and drive-thru.
      3654 E Comstock Avenue, Nampa, ID 83687
      View Details
    • $18 SF/Yr

      Retail Space in Nampa, Idaho

      Retail space available immediately at a signalized intersection.
      1320 2nd Street, Nampa, ID 83651
      View Details
    • $1.15 SF/Yr
      9,280 SF

      Warehouse Space Near Interstate

      Warehouse space with easy interstate access and signage opportunities.
      3615 E. Newby Street, Nampa, ID 83687
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial property with dock and grade level loading for rent.
    Where is this industrial property located?
    The property is located at 16240 Norco Way Nampa, ID.
    What are key features of this property?
    This property features: Excellent freeway accessibility for easy commutes and deliveries.; VOLT/3 PHASE power, ready to handle demanding operations.; Dock and grade level loading provides versatile options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Pearson
    Chris Pearson
    Real Estate License ID: ID SP31401
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16240 Norco Way, Nampa, ID 83687
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!