Two-Building Flex
For Sale
$4,500,000
3721 & 3803 Newby, Nampa, ID 83687
Commercial Sale, Nampa, ID
Property Size18,360 SF
Lot Size0.94 Acres
Price / SF$245.10
Days on Market105
Property Features for 3721 & 3803 Newby
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Light Industrial
Lot features
1/2 - .99 Acre
Directions
Form I-84, take Garrity Exit, north on 39th west on Newby to property
Standard status
Active
APN
R1293953100 and R1293953000
Size
18,360 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Description
Lots 4 & 5 Block 2 Nampa Ind. Corp. 5th 02
Tax Annual Amount
26031
Legal Description
Lots 4 & 5 Block 2 Nampa Ind. Corp. 5th 02
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
2022
Floors in Building
1
Flooring type
Concrete
Building materials
Masonry
Roof type
Rolled Hot Mop
Listing Agency:
Coldwell Banker Tomlinson · Coldwell Banker Real Estate
(208) 336-3393
Listed By:
Rick Mcgraw · License #AB17400
(208) 880-8889
Added: Jun 1
Changed: Sep 13
Last Checked: Sep 13 at 12:06PM
MLS# 98988476
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.
Investment Insights
Based on property information with market context.
This flex-space offering includes two separate light-industrial buildings totaling 18,360 square feet. Each building contains 9,160 square feet on its own 0.47-acre parcel, providing a two-building, multi-tenant configuration. The properties were constructed in 2022 with masonry walls, concrete flooring, rolled hot-mop roofs, and natural gas availability. Cooling is provided by window and wall/window units.
Located at 3721 & 3803 Newby in Nampa, Idaho, the buildings are zoned Light Industrial. Each property is equipped with 1,000 amps of three-phase power, supporting a range of industrial and flex-space operations. The combined site encompasses 0.94 acres.
Located at 3721 & 3803 Newby in Nampa, Idaho, the buildings are zoned Light Industrial. Each property is equipped with 1,000 amps of three-phase power, supporting a range of industrial and flex-space operations. The combined site encompasses 0.94 acres.
Key Highlights
- Two 9,160 SF buildings totaling 18,360 square feet
- Each building sits on a separate 0.47‑acre parcel
- Light Industrial zoning with multi‑tenant configuration
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
$183,449
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
4.08%
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%
$3,668,980
$3.7M
Cap Rate 7%
$2,620,700
$2.6M
Cap Rate 9%
$2,038,322
$2.0M
Market Conditions
NOI Build-Up for 18,360 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
$308.4K $16.80/SF
− Vacancy
−$26.2K −$1.43/SF
EGI
$282.2K $15.37/SF
− OpEx
−$98.8K −$5.38/SF
NOI
$183.4K $9.99/SF
Area
Nampa, ID
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$3,668,980
Cap Rate 7%
$2,620,700
Cap Rate 9%
$2,038,322
Alternative Uses
Best Use
Flex RnD
$2.62M
$2.29M – $3.06M
NOI $183,449 @ 7.0% cap · market cap 4.08%
Second Best
Industrial
$2.25M
$1.97M – $2.63M
NOI $157,771 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,104 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83687, ID
37,254
Population
14,484
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
91%
High-School Grad
49.4 sq mi
ZIP Area
754
Density / Sq Mi
$72,294
Median Household Income
$40,328
Median Earnings
$1,416
Median Rent
$369,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light-industrial buildings offer multi-tenant configuration with masonry construction and three-phase electrical service.
Where is this flex space located?
The property is located at 3721 & 3803 Newby Nampa, ID.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two 9,160 SF buildings totaling 18,360 square feet; Each building sits on a separate 0.47‑acre parcel; Light Industrial zoning with multi‑tenant configuration
