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    Established Gallery in Downtown Moscow Title is generated by Realmo AI

    203 S Main, Moscow, ID 83843

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    For Lease
    $40,000 SF/Yr $3,500,000/Mo (calc)

    COMMERCIAL - Moscow, ID

    Property size:
    1,050 SF
    Added:
    Nov 12, 2025
    Days on Market:
    191
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 203 S Main

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    RPM0680002015AA
    Size
    1,050 SF

    Taxes and HOA fees

    Tax Description
    WEST PART ADD BLK 2 S 1/2 OF LOT 15

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Floors in Building
    1
    Flooring type
    Wood
    Building materials
    Brick, Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Misty Curry
    Misty Curry

    Listing agent Misty Curry License #SP42690

    Listing office Latah Realty, LLC 128 E 3rd, Moscow, ID

    Listing date Nov 12, 2025

    MLS# 98967332

    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.

    HighLights

    • Established business with over 16 years of proven success and a dedicated regional clientele.
    • Voted 'Moscow's Favorite Shop' with a strong brand reputation.
    • Turnkey operation with professional display cases, custom lighting, office, restroom, and storage.
    • Multiple revenue streams from owned inventory and consignment offerings.
    • Curated selection of fine art from renowned U.S. & Canadian artists, complemented by artisan chocolates.
    • Retiring owners offering training and operational guidance for a smooth transition.

    Overview

    This is an opportunity to acquire a well-established business in downtown Moscow, Idaho, with over 16 years of proven success and a dedicated regional clientele. Voted "Moscow's Favorite Shop," this gallery showcases a curated selection of fine art from renowned U.S. and Canadian artists, complemented by artisan chocolates and an inviting retail atmosphere. The business includes both owned inventory and consignment offerings, providing multiple revenue streams. The 1,050 square-foot space features professional display cases, custom lighting, an office, restroom, and storage area, all thoughtfully arranged to enhance flow and presentation. The retiring owners are committed to a smooth transition and are offering training and operational guidance to ensure continued success and a lasting presence within the community. This is an opportunity to step into a fully operational gallery with an established brand, loyal following, and endless potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    BAMCIS Legal PLLC Law Firm Essential Art Gallery ... (Bike/Boat/Book/etc) Store Bitterroot Tattoo Tattoo & Piercing Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Moscow
    County
    Latah
    State
    Idaho
    Longitude
    -117.001822
    Latitude
    46.733048

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    FAQs

    What type of property is this?
    Retail space - Turnkey art gallery with proven success and dedicated clientele.
    Where is this retail space located?
    The property is located at 203 S Main Moscow, ID.
    What is the lease rate?
    The lease rate is $40,000.
    What are key features of this property?
    This property features: Established business with over 16 years of proven success and a dedicated regional clientele.; Voted 'Moscow's Favorite Shop' with a strong brand reputation.; Turnkey operation with professional display cases, custom lighting, office, restroom, and storage.
    (208) 596-9330
    We can help!
    Listing Contact
    Misty Curry
    Misty Curry
    Real Estate License ID: SP42690
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    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.

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