Nampa Commercial Property For
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207 10th Ave S, Nampa, ID 83651
Multi-building commercial property near downtown Nampa, ideal for owner-user.
Property Size11,320 SF
Price / SF$176.59
Days on Market174
Property Features for 207 10th Ave S
General Information
Standard status
Active
Size
11,320 SF
Property subtype
Industrial, Office
Zoning
DV
Building Details
Year Built
1955
Year Renovated
2020
Listing Agency:
Colliers - Nampa, Idaho
(208) 850-2695
Listed By:
Lincoln Hagood, J.D. · License #ID 31196
Source:
Crexi
Added: Mar 4
Changed: Aug 19
Last Checked: Aug 23 at 9:25PM
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 Colliers - Nampa, Idaho
Investment Insights
Based on property information with market context.
This commercial property is located near the downtown core of Nampa. It presents an opportunity for automotive or machining-related businesses. The property consists of three buildings, offering potential for an owner-user or an investor seeking a multi-tenant property. Renovations were completed in 2020, including upgrades to the heating system, bathrooms, and roof. The property includes 700 square feet of currently rented office space. The total property size is 11320 square feet.
Key Highlights
- Located right off Downtown core in Nampa
- Good opportunity for owner‑user or investor looking for multi‑tenant property
- Excellent opportunity for automotive or machining‑related businesses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,107
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,262,140
$2.3M
Cap Rate 7%
$1,615,814
$1.6M
Cap Rate 9%
$1,256,744
$1.3M
Market Conditions
NOI Build-Up for 11,320 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$190.2K $16.80/SF
− Vacancy
−$16.2K −$1.43/SF
EGI
$174.0K $15.37/SF
− OpEx
−$60.9K −$5.38/SF
NOI
$113.1K $9.99/SF
Area
Nampa, ID
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,262,140
Cap Rate 7%
$1,615,814
Cap Rate 9%
$1,256,744
Alternative Uses
Best Use
Flex RnD
$1.62M
$1.41M – $1.89M
NOI $113,107 @ 7.0% cap · market cap 5.66%
Second Best
Industrial
$1.39M
$1.22M – $1.62M
NOI $97,275 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,446 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- H&M BBQ — 215 14th Ave S, Nampa, ID 83651
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building commercial property near downtown Nampa, ideal for owner-user.
Where is this flex space located?
The property is located at 207 10th Ave S Nampa, ID.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Located right off Downtown core in Nampa; Good opportunity for owner‑user or investor looking for multi‑tenant property; Excellent opportunity for automotive or machining‑related businesses
