Industrial Space in Thriving
For Sale
$850,000
203 Hannibal St, Caldwell, ID 83605
4,624 SF single-tenant industrial space for sale.
Property Size4,624 SF
Price / SF$183.82
Days on Market213
Property Features for 203 Hannibal St
General Information
Standard status
Active
Size
4,624 SF
Building Details
Year Built
2024
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Rick Mcgraw · License #AB17400
(208) 880-8889
Source:
Bktidaho
Added: Mar 26
Changed: Oct 9
Last Checked: Oct 7 at 1:57PM
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 Tomlinson
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Investment Insights
Based on property information with market context.
The North Building at 203 Hannibal Street offers 4,624 square feet of single-tenant space. This clear-span warehouse features 3-phase power with one 200 AMP panel, and a ceiling height of 20 feet. Access is provided by one 12’ x 14’ roll-up door. The property includes two restrooms. Zoned C-3 (General Commercial), this property is suitable for businesses seeking industrial space. It is located in Hannibal Industrial Park. The South Building at 215 Hannibal Street is also available for sale, presenting additional investment opportunities.
Key Highlights
- 4,624 SF Single‑Tenant Space ideal for industrial use.
- Zoned C‑3 (General Commercial) allowing for a wide range of business operations.
- Features a Clear Span Warehouse with a 20' Ceiling Height.
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
Industrial
$562.2K
$492.0K – $655.9K
NOI $39,356 @ 7.0% cap · market cap 4.63%
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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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - 4,624 SF single-tenant industrial space for sale.
Where is this warehouse located?
The property is located at 203 Hannibal St 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 Single‑Tenant Space ideal for industrial use.; Zoned C‑3 (General Commercial) allowing for a wide range of business operations.; Features a **Clear Span Warehouse with a 20' Ceiling Height.**
