New Industrial Warehouse with
For Sale
$1,450,000
3232 Black Butte Ct., Nampa, ID 83352
Modern industrial warehouse with I-84 visibility and yard space.
Property Size4,992 SF
Price / SF$290.46
Days on Market268
Property Features for 3232 Black Butte Ct.
General Information
Standard status
Active
Size
4,992 SF
Property subtype
Industrial
Zoning
IL
Building Details
Building Size
4,992 SF
Listing Agency:
Lee & Associates Idaho, LLC
(208) 573-4978
Listed By:
Brian Forde
(208) 573-4978
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 9
Last Checked: Aug 21 at 5:04AM
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 Lee & Associates Idaho, LLC
Investment Insights
Based on property information with market context.
This brand-new industrial warehouse features a fully insulated warehouse equipped with dual gas heaters. The property includes a professionally finished, climate-controlled office and reception area, a break room, and two restrooms. Located in the Black Butte Industrial corridor, the property benefits from I-84 frontage and visibility, with traffic exceeding 67,000 vehicles per day. It also offers approximately 0.25 acres of yard space. The building is equipped with a fully sprinklered fire suppression system. Additional features include a drive-through bay and 86 square feet of mezzanine storage, supplementing the listed 4,992 square feet. Four dedicated parking spaces are allocated to the property. The property is suitable for distribution, light manufacturing, service contractors, or businesses seeking a modern, high-exposure facility in the Treasure Valley’s fast-growing industrial area.
Key Highlights
- Brand‑new industrial warehouse in a fast‑growing industrial area.
- Excellent I‑84 frontage and visibility with high traffic count (67,000 VPD).
- Fully insulated warehouse with dual gas heaters.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,800
$1.0M
Cap Rate 7%
$744,143
$744.1K
Cap Rate 9%
$578,778
$578.8K
Market Conditions
NOI Build-Up for 4,992 SF
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.
Gross rent
$65.9K $13.20/SF
− Vacancy
−$4.6K −$0.92/SF
EGI
$61.3K $12.28/SF
− OpEx
−$9.2K −$1.84/SF
NOI
$52.1K $10.43/SF
Area
Nampa, ID
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,041,800
Cap Rate 7%
$744,143
Cap Rate 9%
$578,778
Alternative Uses
Best Use
Warehouse
$744.1K
$651.1K – $868.2K
NOI $52,090 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$612.8K
$536.2K – $715.0K
NOI $42,897 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,394 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83352, ID
3,516
Population
1,300
Households
2.7
Avg Household Size
37
Median Age
10%
College-Educated
84%
High-School Grad
217.6 sq mi
ZIP Area
16
Density / Sq Mi
$63,276
Median Household Income
$32,134
Median Earnings
$928
Median Rent
$202,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Modern industrial warehouse with I-84 visibility and yard space.
Where is this warehouse located?
The property is located at 3232 Black Butte Ct. Nampa, ID.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Brand‑new industrial warehouse in a fast‑growing industrial area.; Excellent I‑84 frontage and visibility with high traffic count (67,000 VPD).; Fully insulated warehouse with dual gas heaters.
