Downtown Retail
For Sale
$379,000
4 & 6 Owyhee Ave, Homedale, ID 83628
Two separate downtown retail spaces at 4 & 6 W Owyhee Ave, with one unit currently tenant-occupied.
Property Size2,250 SF
Price / SF$168.44
Days on Market82
Property Features for 4 & 6 Owyhee Ave
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Amenities
Garage: 6 - 10 Spaces
6 - 10 Spaces
Listing Agency:
Silvercreek Realty Group
Listed By:
Henry Miller · License #SP45218
(208) 377-0422
Source:
Clearwaterproperties
Added: Jul 17
Changed: Oct 6
Last Checked: Oct 5 at 6:58PM
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.
This for-sale property includes two separate commercial retail spaces located in downtown Homedale at 4 & 6 W Owyhee Ave. The unit at 4 W Owyhee Ave is currently tenant-occupied, providing immediate income, and lease details are available upon request.
Seller financing is available for qualified buyers. The property is positioned within Homedale, supported by a strong local agricultural economy and its proximity to the Snake River.
As configured, the asset offers two distinct retail spaces under one ownership, with the benefit of an income-producing tenant in one unit while the second space remains available within the same downtown setting.
Seller financing is available for qualified buyers. The property is positioned within Homedale, supported by a strong local agricultural economy and its proximity to the Snake River.
As configured, the asset offers two distinct retail spaces under one ownership, with the benefit of an income-producing tenant in one unit while the second space remains available within the same downtown setting.
Key Highlights
- Two separate downtown commercial retail spaces at 4 and 6 W Owyhee Ave in Homedale
- 4 W Owyhee Ave is currently tenant‑occupied, providing immediate income (lease details available upon request)
- Seller financing available for qualified buyers with flexible terms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,933
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,660
$538.7K
Cap Rate 7%
$384,757
$384.8K
Cap Rate 9%
$299,256
$299.3K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$40.5K $18.00/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$38.5K $17.10/SF
− OpEx
−$11.5K −$5.13/SF
NOI
$26.9K $11.97/SF
Area
Owyhee County, ID
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,660
Cap Rate 7%
$384,757
Cap Rate 9%
$299,256
Alternative Uses
Best Use
Retail
$384.8K
$336.7K – $448.9K
NOI $26,933 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.2K
$498.0K – $664.0K
NOI $39,841 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 41%
Dining 7%
Home Improvements & Furnishings 3%
Albertsons
Groceries
17,002 visits/mo
0.2 miles
Jacksons
Shops & Services
7,357 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,052 visits/mo
0.3 miles
U.S. Bank
Shops & Services
2,958 visits/mo
0.2 miles
SUBWAY
Dining
2,900 visits/mo
0.4 miles
Demographics for 83628, ID
4,996
Population
1,704
Households
2.9
Avg Household Size
37
Median Age
14%
College-Educated
85%
High-School Grad
63.1 sq mi
ZIP Area
79
Density / Sq Mi
$62,063
Median Household Income
$28,534
Median Earnings
$943
Median Rent
$233,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Albertsons Floral — 20 E Wyoming Ave, Homedale, ID 83628
Frequently Asked Questions
What type of property is this?
Storefront property - Two separate downtown retail spaces at 4 & 6 W Owyhee Ave, with one unit currently tenant-occupied.
Where is this storefront property located?
The property is located at 4 & 6 Owyhee Ave Homedale, ID.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two separate downtown commercial retail spaces at 4 and 6 W Owyhee Ave in Homedale; 4 W Owyhee Ave is currently tenant‑occupied, providing immediate income (lease details available upon request); Seller financing available for qualified buyers with flexible terms
