Two-Tenant
215 Hannibal Street, Caldwell, ID 83605
For Sale
New
$850,000
Each suite combines warehouse space with a private office, restroom, and dedicated three-phase electrical service.
Property Size4,960 SF
Price / SF$171.37
Days on Market2
Property Features for 215 Hannibal Street
General Information
Standard status
Size
Zoning
Warehouse & Industrial
Clear Height
Clear Span
Three-Phase Power
Additional Details
Property Use
Amenities
Concrete
true
Square Feet
10000 SF - .49 Acre
City Service
Grade Level Door
0.23
6 - 10 Spaces
Paved
Paved Outside Area
4960
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Coldwell Banker Tomlinson
(208) 459-4326
Listed By:
Mike Grim
Source:
Silverhawkrealty
Added: Nov 8
Last Checked: Nov 8 at 4:27PM
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 4,960-square-foot warehouse is configured for two tenants, with a clear-span warehouse area and 20-foot center height. Each suite has an office, a restroom, a 12-by-12-foot grade-level roll-up door, and three-phase power served by a 200-amp panel. The building is listed with a 2024 year built and C-3 General Commercial zoning.
Key Highlights
- 4,960‑square‑foot industrial building configured for two tenants
- Clear‑span warehouse area with 20‑foot height at center
- One 12' x 12' roll‑up door in each space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,262
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,240
$1.0M
Cap Rate 7%
$732,314
$732.3K
Cap Rate 9%
$569,578
$569.6K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$62.5K $12.60/SF
− Vacancy
−$2.2K −$0.44/SF
EGI
$60.3K $12.16/SF
− OpEx
−$9.0K −$1.82/SF
NOI
$51.3K $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%
$1,025,240
Cap Rate 7%
$732,314
Cap Rate 9%
$569,578
Alternative Uses
Best Use
Warehouse
$732.3K
$640.8K – $854.4K
NOI $51,262 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,477 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
Multi-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
$300,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Canyon County, ID
Properties on Market for Warehouses in Canyon County
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 - Each suite combines warehouse space with a private office, restroom, and dedicated three-phase electrical service.
Where is this warehouse located?
The property is located at 215 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: 4,960‑square‑foot industrial building configured for two tenants; Clear‑span warehouse area with 20‑foot height at center; One 12' x 12' roll‑up door in each space
