Corner Retail Condominium
For Sale
Contact for pricing
36 North Echohawk Lane Ste 103, Eagle, ID 83616
Occupied corner retail condominium in a maintained business complex with strong visibility and convenient access.
Property Size1,880 SF
Price / SF$398.94
Days on Market56
Property Features for 36 North Echohawk Lane Ste 103
General Information
Standard status
Active
Size
1,880 SF
Class
A
Property subtype
Retail
Zoning
MU
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$38,028
Additional Details
Business Included
Yes
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
Silvercreek Realty Group
Listed By:
Beck Forster · License #ID SP40146
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 3:27PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
Located within Hill Road Crossing, this commercial condominium unit offers a retail suite configured for an in-place occupant. The property is part of a well-maintained business complex and is positioned as a corner unit, designed to take advantage of surrounding traffic and storefront presence.
The suite sits at the intersection of Highway 55 and Hill Road, providing visibility to passing vehicles. It offers convenient access to downtown Eagle and the surrounding Treasure Valley, with the added benefit of being within an established commercial development.
For investors or owner-operators seeking a retail asset with immediate occupancy, the unit is currently leased to a longstanding tenant. The property’s location within the corridor and its traffic-generating setting support ongoing retail use, while the offering notes the possibility of future rent adjustments to better align with current market conditions.
The suite sits at the intersection of Highway 55 and Hill Road, providing visibility to passing vehicles. It offers convenient access to downtown Eagle and the surrounding Treasure Valley, with the added benefit of being within an established commercial development.
For investors or owner-operators seeking a retail asset with immediate occupancy, the unit is currently leased to a longstanding tenant. The property’s location within the corridor and its traffic-generating setting support ongoing retail use, while the offering notes the possibility of future rent adjustments to better align with current market conditions.
Key Highlights
- Commercial condominium unit built in 2020 within the Hill Road Crossing business complex
- Occupied corner retail unit located at the intersection of Highway 55 and Hill Road
- Currently leased by a longstanding tenant for immediate income
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
$23,829
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
3.18%
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%
$476,580
$476.6K
Cap Rate 7%
$340,414
$340.4K
Cap Rate 9%
$264,767
$264.8K
Market Conditions
NOI Build-Up for 1,880 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
$35.6K $18.96/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$34.0K $18.11/SF
− OpEx
−$10.2K −$5.43/SF
NOI
$23.8K $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
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%
$476,580
Cap Rate 7%
$340,414
Cap Rate 9%
$264,767
Alternative Uses
Best Use
Retail
$340.4K
$297.9K – $397.2K
NOI $23,829 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.2K
$454.3K – $605.7K
NOI $36,344 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 83616, ID
33,311
Population
13,756
Households
2.4
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
111.3 sq mi
ZIP Area
299
Density / Sq Mi
$118,013
Median Household Income
$58,728
Median Earnings
$1,752
Median Rent
$720,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Occupied corner retail condominium in a maintained business complex with strong visibility and convenient access.
Where is this retail space located?
The property is located at 36 North Echohawk Lane Ste 103 Eagle, ID.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Commercial condominium unit built in 2020 within the Hill Road Crossing business complex; Occupied corner retail unit located at the intersection of Highway 55 and Hill Road; Currently leased by a longstanding tenant for immediate income
