Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Flex Space with Yard Title is generated by Realmo AI

    209 Phoenix Lane, Caldwell, ID 83607

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $0.08 SF/Yr

    Office flex space with yard and easy I-84 access.

    Type:Flex Industrial with Yard Space
    Added:
    Nov 21, 2025
    Days on Market:
    183
    Last Refresh:
    Nov 17 at 11:43 am

    Property Features for 209 Phoenix Lane

    General Information

    Standard status
    Active
    Property subtype
    Flex Industrial with Yard Space

    Spaces For Lease

    at 209 Phoenix Lane Contact us

    We can help!

    Listing Contact
    Nate Pepper

    Listing agent Nate Pepper License #CA 01993739

    Listing office CBRE | San Diego

    Listing date Nov 21, 2025

    Source Tokcommercial

    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 CBRE | San Diego

    HighLights

    • Expansive 12,000 SF yard space available for lease
    • Flexible square footage options for office flex space
    • Easy access to I‑84 (7 minutes away)
    • Close proximity to amenities and services on Cleveland Boulevard
    • Ample on‑site parking
    • Rare, recently constructed office flex space with clean finishes

    Overview

    Graye Canyon Industrial presents office flex space available for lease, featuring flexible square footage options and a sizable 12,000 square foot yard space. The property benefits from its location near amenities and services, ample on-site parking, and convenient access to I-84, approximately 7 minutes away. Situated one block from Cleveland Boulevard, the property offers recently constructed office flex space with clean finishes. Its location provides close proximity to a primary arterial and retail corridor.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Caldwell
    County
    Canyon
    State
    Idaho
    Longitude
    -116.696
    Latitude
    43.7708

    Nearby Similar for Lease

    • $14 SF/Yr
      7,213 SF

      Move-in Ready Retail/Office Space

      Versatile space with ample parking and excellent visibility.
      2805 Blaine St, Caldwell, ID 83605
      View Details
    • $9 SF/Yr
      4,749 SF

      Caldwell Office Building For Lease

      Well-appointed office building in prime Caldwell location, available February 2026.
      1803 Ellis Ave, Caldwell, ID 83605
      View Details
    • $0.85 SF/Yr
      70,000 SF

      Industrial Space with Ample Yard

      Versatile industrial property with 24' clear height and ESFR.
      3515 East Linden Street, Caldwell, ID, 83605
      View Details
    • $14 SF/Yr
      21,270 SF

      Move-in Ready Office/Retail Space

      Versatile commercial space with ample parking in a bustling location.
      2805 Blaine St, Caldwell, ID 83605
      View Details
    • $0.10 SF/Yr
      2,400 SF

      Industrial Space with Drive-Thru Access

      Convenient industrial space with fenced yard and excellent freeway access.
      5312 Cleveland Boulevard, Caldwell, ID 83607
      View Details
    • Contact for pricing
      9,900 SF

      Prime Corner Location with Drive-Thru

      High-visibility retail space with drive-thru in Caldwell, Idaho.
      2107 Blaine St | Caldwell, ID 83605
      View Details
    • $20 SF/Yr
      91,500 SF

      Medical Office & Restaurant Space

      Medical office and restaurant space available in West Valley Medical Center.
      1906 E. Fairview Ave., Caldwell, ID 83605,
      View Details
    • $40 SF/Yr

      Caldwell Retail Space For Lease

      Rare retail space with drive-thru, near Indian Creek Plaza.
      3110 Cleveland Boulevard, Caldwell, ID 83607
      View Details
    • Contact for pricing

      Retail Space in Growing City

      Retail space with drive-thru potential in a high-growth area.
      3110 Cleveland Blvd, Caldwell, ID 83605
      View Details
    • $103,435 SF/Yr
      7,183 SF

      New Industrial Building Near I-84

      New industrial building with modern office and expansive shop area.
      412 Millenium Park Lane, Caldwell, ID 83605
      View Details
    • $25 SF/Yr

      Renovated Retail Space in Caldwell

      Move-in ready retail space with Class A finishes and plaza frontage.
      712 Arthur St, Caldwell, ID 83605
      View Details
    • Contact for pricing
      59,252 SF

      Caldwell Industrial Property for Lease

      59,252 SF industrial space in Caldwell, Idaho.
      1 Idea Way, Caldwell, ID, 83605
      View Details

    FAQs

    What type of property is this?
    Flex space - Office flex space with yard and easy I-84 access.
    Where is this flex space located?
    The property is located at 209 Phoenix Lane Caldwell, ID.
    What is the lease rate?
    The lease rate is $0.08 SF/Yr.
    What are key features of this property?
    This property features: Expansive 12,000 SF yard space available for lease; Flexible square footage options for office flex space; Easy access to I‑84 (7 minutes away)
    (858) 546-2645
    We can help!
    Listing Contact
    Nate Pepper
    Real Estate License ID: CA 01993739
    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
    209 Phoenix Lane, Caldwell, ID 83607
    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!