Cleveland Blvd Mixed-Use
For Sale
Contact for pricing
2502 Cleveland Blvd, Caldwell, ID 83605
Property on Cleveland Blvd near College of Idaho.
Property Size6,728 SF
Lot Size0.33 Acres
Price / SF$162.01
Days on Market218
Property Features for 2502 Cleveland Blvd
General Information
Standard status
Active
Size
6,728 SF
Lot size
0.33 Acres
Property subtype
Mixed Use, Multifamily, Retail
Zoning
C-2 Community Commercial
Building Details
Buildings
1
Stories
2
Listing Agency:
KW Commercial Boise
Listed By:
Chris Novak · License #ID SP44612
(208) 869-4713
Source:
Crexi
Added: Mar 2
Changed: Oct 3
Last Checked: Oct 5 at 7:27PM
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 KW Commercial Boise
Investment Insights
Based on property information with market context.
This property is located on Cleveland Boulevard, steps away from the College of Idaho and directly across from Albertson's and Simplot Stadium. It offers visibility and strong traffic counts. The property is suitable for retail, mixed-use, or multifamily development. The adjacent bakery property is also for sale. The property size is 6,728 square feet.
Key Highlights
- Irreplaceable location directly across from Albertson's and Simplot Stadium.
- Exceptional visibility on Cleveland Blvd.
- Steps away from the College of Idaho.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,562
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,240
$1.7M
Cap Rate 7%
$1,193,743
$1.2M
Cap Rate 9%
$928,467
$928.5K
Market Conditions
NOI Build-Up for 6,728 SF
Gross rent
$145.3K $21.60/SF
− Vacancy
−$11.6K −$1.73/SF
EGI
$133.7K $19.87/SF
− OpEx
−$50.1K −$7.45/SF
NOI
$83.6K $12.42/SF
Area
Canyon County, ID
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,671,240
Cap Rate 7%
$1,193,743
Cap Rate 9%
$928,467
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,562 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,441 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Property on Cleveland Blvd near College of Idaho.
Where is this mixed-use property located?
The property is located at 2502 Cleveland Blvd Caldwell, ID.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Irreplaceable location directly across from Albertson's and Simplot Stadium.; Exceptional visibility on Cleveland Blvd.; Steps away from the College of Idaho.
