Parcel 4 Gallup St., Star, ID 83646
- Added:
- May 14, 2025
- Days on Market:
- 416
- Last Refresh:
- Jul 3 at 12:06 am
Property Features for Parcel 4 Gallup St.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- a portion of R6206450240
- Lot size
- 1.73 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- See attached Exhibit A
Utilities
- Utilities
- Electricity Available
Listing agent Shawn Endicott License #AB27574 (208) 860-9595
Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID (208) 377-0422
Listing date May 14, 2025
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.
HighLights
- Waterfront lot on a common area pond in a high‑traffic, fast‑growing area.
- Mixed‑use zoning with pre‑approved uses (Shopping/Retail, Professional Office, Restaurant Drive‑Thru) requiring only Zoning Certificate and Design Review.
- Build‑ready lot with paved road, common area landscaping, and parking already completed.
- Surrounded by new construction residential subdivisions.
- Existing construction underway for an Orthodontist, Oral Surgeon, and scheduled drive‑through pharmacy.
- 1.73‑acre lot with an allowable 5,000 sq. ft. building; portion of pond included in acreage.
Overview
The site is located on the southwest corner of Star Rd and Joplin Rd in Star, Idaho. The property is described as being in a high-traffic area within the Treasure Valley, surrounded by new residential subdivisions. The lot is under construction for an orthodontist and oral surgeon, and a drive-through pharmacy is also scheduled.
The development is under mixed use zoning, with approved uses identified through an annexation development agreement. The listed approvals include shopping/retail, professional office, and restaurant drive-through. The seller notes that it would only require a zoning certificate and design review for the approved uses, and that no CUP approval is required. The parcel is described as allowing a 5,000-square-foot building, and CAM fees are identified as TBD, including common area maintenance, trash, snow removal, management fees, and reserves.
Local Financial Insights For Specialty Retail
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 | $96.0k | $19.20 |
| − Vacancy | −$4.3k | −$0.86 |
| EGI | $91.7k | $18.34 |
| − OpEx | −$22.9k | −$4.58 |
| NOI | $68.8k | $13.75 |
Alternative Uses
Current Use by Public Records
Map
- City
- Star
- County
- Ada
- State
- Idaho
- Longitude
- -116.4942306
- Latitude
- 43.6758419
