Two-Tenant Flex
For Sale
$850,000
215 Hannibal Street, Caldwell, ID 83605
Commercial Sale, Caldwell, ID
Property Size4,960 SF
Lot Size0.23 Acres
Price / SF$171.37
Days on Market799
Property Features for 215 Hannibal Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
C-3 General Commercial
Exterior features
Paved Outside Area
Accessibility
Accessible Approach with Ramp
Lot features
10000 S F - .49 Acre
Directions
From Boise, west on I-84, take Exit 28 (Caldwell City Center) north on Illinois Ave, west on Hannibal to property.
Standard status
Active
APN
R0208101100
Size
4,960 SF
Lot size
0.23 Acres
Utilities
Utilities
Propane
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Coldwell Banker Tomlinson · Coldwell Banker Real Estate
(208) 336-3393
Listed By:
Rick Mcgraw · License #AB17400
(208) 880-8889
Added: Aug 13, 2024
Changed: Oct 17
Last Checked: Oct 20 at 4:06PM
MLS# 98920481
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.
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Investment Insights
Based on property information with market context.
This 4,960-square-foot flex building is under construction with an October 2024 completion date. The two-tenant layout provides a clear-span warehouse area in each space, with 20-foot center height, one 12' x 12' roll-up door, one office, and one restroom per suite. Each space is also designed with 3-Phase Power and a 200 AMP panel. Concrete flooring, a metal roof, steel siding, forced-air natural gas heating, and central air complete the building improvements.
The property occupies 0.23 acres at 215 Hannibal Street in Caldwell, Idaho. Exterior features include a paved outside area, while an accessible approach with ramp provides site access. Propane is listed among the property utilities.
The property occupies 0.23 acres at 215 Hannibal Street in Caldwell, Idaho. Exterior features include a paved outside area, while an accessible approach with ramp provides site access. Propane is listed among the property utilities.
Key Highlights
- 4,960SF two‑tenant industrial building under construction
- October 2024 completion date; year built 2024
- Each space includes one 12' x 12' roll‑up door, office, and restroom
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
Flex RnD
$708.0K
$619.5K – $826.0K
NOI $49,559 @ 7.0% cap · market cap 5.83%
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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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
2
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Steel-sided commercial building with clear-span warehouse areas, dedicated offices, restrooms, and separate utility infrastructure.
Where is this flex space 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: 4,960SF two‑tenant industrial building under construction; October 2024 completion date; year built 2024; Each space includes one 12' x 12' roll‑up door, office, and restroom
