Downtown Retail
4 & 6 W Owyhee Ave Homedale, ID 83628
New
4 & 6 W Owyhee Ave, Homedale, ID, 83628
$379,000
For Sale
$379,000
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 Market6
Property Features for 4 & 6 W Owyhee Ave
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Commercial
Listing agency
Silvercreek Realty Group
(208) 377-0422
Listed by
Henry Miller · License #SP45218
Source
Clearwaterproperties
Added: Jul 17 Updated: Jul 21 at 1:08AM Checked: Jul 21 at 4:26AM
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
Local Financial Insights For 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 | $40.5k | $18.00 |
| − Vacancy | −$2.0k | −$0.90 |
| EGI | $38.5k | $17.10 |
| − OpEx | −$11.5k | −$5.13 |
| NOI | $26.9k | $11.97 |
2,250 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
GORDOS CARNICERIA Y ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Albertsons Floral — 20 E Wyoming Ave, Homedale, ID 83628
FAQs
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 W 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
