Multi-Unit Flex Warehouse
288 Main St. S Unit A B C Hansen, ID 83334
For Sale
$599,000
Flex/warehouse building split into three insulated, ADA-compliant suites with individual restrooms and separate metered gas HVAC.
Property Size5,000 SF
Price / SF$119.80
Days on Market72
Property Features for 288 Main St. S Unit A B C
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing Agency:
Gem State Realty Inc
(208) 316-8778
Listed By:
Shellien Gilliland · License #SP51133
(208) 316-8778
Source:
Thgboise
Added: May 14
Changed: Jul 23
Last Checked: Jul 23 at 4:03AM
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 Gem State Realty Inc
Investment Insights
Based on property information with market context.
A flex/warehouse building offering approximately 5,000 SF divided into three separate units (Suites A, B, and C). Each suite is insulated and separated with firewalls, with communicating doors between units. The property has been professionally updated over the past three years and each unit includes its own restrooms and separate, metered gas heating and cooling. Full ADA compliance is noted for the building.
The building is served by 400-amp electrical service (125 amps per unit). Suite A is currently producing $3,000 per month, and Suite C is producing $1,400 per month. Suite B is listed with an estimated rent of $1,400 per month.
This configuration can support an owner-occupant or investor strategy, with separate suite systems and utility metering across the three units.
The building is served by 400-amp electrical service (125 amps per unit). Suite A is currently producing $3,000 per month, and Suite C is producing $1,400 per month. Suite B is listed with an estimated rent of $1,400 per month.
This configuration can support an owner-occupant or investor strategy, with separate suite systems and utility metering across the three units.
Key Highlights
- 5,000 SF flex/warehouse building built in 1910, split into 3 insulated, ADA‑compliant suites.
- Each suite has individual restrooms and separate metered gas heating/cooling.
- Suites are separated with firewalls and include communicating doors between units.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $9.36 |
| − Vacancy | −$1.3k | −$0.25 |
| EGI | $45.5k | $9.11 |
| − OpEx | −$6.8k | −$1.37 |
| NOI | $38.7k | $7.74 |
5,000 SF · lease $9.36/SF/yr · vacancy 2.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$552.9K
$483.8K – $645.1K
NOI $38,706 @ 7.0% cap · market cap 6.46%
Second Best
Flex RnD
$445.2K
$389.5K – $519.4K
NOI $31,161 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,291 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flex/warehouse building split into three insulated, ADA-compliant suites with individual restrooms and separate metered gas HVAC.
Where is this flex space located?
The property is located at 288 Main St. S Unit A B C Hansen, ID.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5,000 SF flex/warehouse building built in 1910, split into 3 insulated, ADA‑compliant suites.; Each suite has individual restrooms and separate metered gas heating/cooling.; Suites are separated with firewalls and include communicating doors between units.
