Multi-Tenant Flex
For Sale
$4,500,000
3721 & 3803 Newby, Nampa, ID 83687
Each building offers Light Industrial zoning and 1,000-amp, three-phase power.
Property Size18,360 SF
Lot Size0.94 Acres
Price / SF$245.10
Days on Market14
Property Features for 3721 & 3803 Newby
General Information
Standard status
Active
Size
18,360 SF
Lot size
0.94 Acres
Zoning
Light Industrial
Additional Details
Three-Phase Power
Yes
Building Details
Year Built
2022
Buildings
2
Construction
block
Tenancy
Multi
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Rick Mcgraw · License #AB17400
(208) 672-0447
Source:
208doors
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 7 at 1:09PM
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 Coldwell Banker Tomlinson
Investment Insights
Based on property information with market context.
The offering comprises two multi-tenant flex buildings completed in 2022, each with 9,160 square feet of block construction. The buildings sit on separate 0.47-acre parcels and are zoned Light Industrial. Each property is served by 1,000-amp, three-phase power.
Together, the buildings contain 18,360 square feet across the two parcels. Their separate sites and multi-tenant configuration are defining features of the property.
Together, the buildings contain 18,360 square feet across the two parcels. Their separate sites and multi-tenant configuration are defining features of the property.
Key Highlights
- Two flex buildings totaling 18,360 square feet
- Each building contains 9,160 SF on a separate 0.47‑acre parcel
- Completed in 2022 with block construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,449
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Each building offers Light Industrial zoning and 1,000-amp, three-phase power.
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 flex buildings totaling 18,360 square feet; Each building contains 9,160 SF on a separate 0.47‑acre parcel; Completed in 2022 with block construction
