Single-Tenant Industrial
For Sale
$850,000
203 Hannibal Street, Caldwell, ID 83605
Commercial Sale, Caldwell, ID
Property Size4,624 SF
Lot Size0.23 Acres
Price / SF$183.82
Days on Market805
Property Features for 203 Hannibal Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
C-3 General Commercial
Exterior features
Paved Outside Area
Accessibility
Accessible Approach with Ramp
Lot features
10000 S F - .49 Acre
Directions
From Boise, west on I-84, take Exit 28 (Caldwell City Center) north on Illinois Ave. , west on Hannibal to property.
Standard status
Active
APN
R0208101100
Size
4,624 SF
Lot size
0.23 Acres
Utilities
Utilities
Propane
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Steel Siding
Roof type
Metal
Buildings
1
Listing Agency:
Coldwell Banker Tomlinson · Coldwell Banker Real Estate
(208) 336-3393
Listed By:
Rick Mcgraw · License #AB17400
(208) 880-8889
Added: Aug 13, 2024
Changed: Oct 25
Last Checked: Oct 26 at 11:06PM
MLS# 98920479
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Under construction in Caldwell, this 4,624-square-foot industrial warehouse is designed for single-tenant occupancy. The clear-span warehouse area provides 20 feet of height at the center, with a 12-foot by 12-foot roll-up door for loading access. The floor plan includes one office and one restroom, while concrete flooring, steel siding, and a metal roof provide durable commercial construction. Forced-air natural gas heating and central air conditioning are specified, along with 3-phase power and 200 AMP service.
The property occupies 0.23 acres at 203 Hannibal Street in Caldwell, Canyon County. Completion is scheduled for October 2024, and the building is identified as a 2024 construction project. A paved outside area and an accessible approach with ramp are also included.
The property occupies 0.23 acres at 203 Hannibal Street in Caldwell, Canyon County. Completion is scheduled for October 2024, and the building is identified as a 2024 construction project. A paved outside area and an accessible approach with ramp are also included.
Key Highlights
- 4,624 SF industrial warehouse on 0.23 acres
- Clear‑span warehouse with 20' center height
- One 12' x 12' roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,790
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,800
$955.8K
Cap Rate 7%
$682,714
$682.7K
Cap Rate 9%
$531,000
$531.0K
Market Conditions
NOI Build-Up for 4,624 SF
Gross rent
$58.3K $12.60/SF
− Vacancy
−$2.0K −$0.44/SF
EGI
$56.2K $12.16/SF
− OpEx
−$8.4K −$1.82/SF
NOI
$47.8K $10.34/SF
Area
Canyon County, ID
Vacancy
3.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,800
Cap Rate 7%
$682,714
Cap Rate 9%
$531,000
Alternative Uses
Best Use
Warehouse
$682.7K
$597.4K – $796.5K
NOI $47,790 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,213 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 83605, ID
38,561
Population
14,197
Households
2.7
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
24.6 sq mi
ZIP Area
1,568
Density / Sq Mi
$60,657
Median Household Income
$31,806
Median Earnings
$973
Median Rent
$300,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Classic Storage — Evans St, Caldwell, ID 83605
- At Your Site Storage Idaho — 122 Riverwood Dr, Caldwell, ID 83604
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-framed facility with a clear-span layout, office, restroom, and dedicated loading access.
Where is this warehouse located?
The property is located at 203 Hannibal Street Caldwell, ID.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,624 SF industrial warehouse on 0.23 acres; Clear‑span warehouse with 20' center height; One 12' x 12' roll‑up door
