Building Details

Number of units 2

Building materials Frame, Stucco

Listing Agency: Silvercreek Realty Group G***@SilvercreekRealty.com Show Phone

Listed By: Henry Miller · License #SP45218 Show Phone

Added: Feb 12 Changed: Sep 13 Last Checked: Sep 13 at 5:06PM

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MLS# 98974493

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 storefront property includes two separate commercial spaces totaling 2,250 square feet at 4 & 6 W Owyhee Ave. The space at 4 W Owyhee Ave is occupied by a tenant, while the second commercial space provides additional flexibility for an owner-user or separate commercial use. Building construction incorporates frame and stucco materials, with baseboard heating and window or wall/window cooling units.

The property is positioned in downtown Homedale, within a community supported by local agricultural activity and located near the Snake River. The asset combines an established commercial presence with a second space in a compact downtown setting.

Key Highlights

• Two separate commercial spaces totaling 2,250 square feet
• 4 W Owyhee Ave is currently occupied by a tenant
• Located at 4 & 6 W Owyhee Ave in downtown Homedale

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

$26,933

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

7.11%

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%

$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 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

$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 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%

$538,660

Cap Rate 7%

$384,757

Cap Rate 9%

$299,256

Alternative Uses

Best Use

Retail

$384.8K

$336.7K – $448.9K (±1% cap)

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 (±1% cap)

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

GORDOS CARNICERIA Y ... Restaurant

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Law Firm Grocery & Convenience Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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 commercial spaces offer a flexible footprint for retail users or an owner-user arrangement.

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 commercial spaces totaling 2,250 square feet; 4 W Owyhee Ave is currently occupied by a tenant; Located at 4 & 6 W Owyhee Ave in downtown Homedale