Mixed-Use Property with
New
For Sale
$299,000
411 Caldwell Blvd, Nampa, ID 83651
Flexible commercial space combines retail, warehouse storage, parking, and a second-story apartment for live-work use.
Property Size2,277 SF
Price / SF$131.31
Days on Market2
Property Features for 411 Caldwell Blvd
General Information
Standard status
Active
Size
2,277 SF
Total Parking Spaces
12
Property subtype
Commercial
Additional Details
Asking Price
$299,000
Warehouse Space
1,035 SF
Building Details
Stories
2
Listing Agency:
Homes of Idaho
Listed By:
Kent Corbett · License #10276
(208) 941-1868
Source:
Exploreidahorealty
Added: Sep 15
Last Checked: Sep 15 at 2:15PM
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 Homes of Idaho
Investment Insights
Based on property information with market context.
This mixed-use property includes approximately 2,227 square feet of first-floor commercial space, divided between 1,192 square feet of showroom or retail area and 1,035 square feet of flex or warehouse space. An additional approximately 4,000 square feet of storage is served by 9 roll-up doors, including one measuring 10 feet. The second floor contains an approximately 1,200-square-foot apartment with 2 bedrooms and 1 bathroom.
Located at 411 Caldwell Blvd in Nampa, the property includes 12 improved parking spaces, with room on the site for additional parking and storage. The combination of commercial improvements, accessible storage, and residential space supports a live-work configuration or separate commercial and apartment uses.
Located at 411 Caldwell Blvd in Nampa, the property includes 12 improved parking spaces, with room on the site for additional parking and storage. The combination of commercial improvements, accessible storage, and residential space supports a live-work configuration or separate commercial and apartment uses.
Key Highlights
- Approximately 2,227 SF of first‑floor commercial space
- Approximately 4,000 SF of additional storage
- 9 roll‑up doors, including one 10‑foot door
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
$27,256
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
9.12%
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%
$545,120
$545.1K
Cap Rate 7%
$389,371
$389.4K
Cap Rate 9%
$302,844
$302.8K
Market Conditions
NOI Build-Up for 2,277 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
$41.0K $18.00/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$38.9K $17.10/SF
− OpEx
−$11.7K −$5.13/SF
NOI
$27.3K $11.97/SF
Area
Nampa, 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%
$545,120
Cap Rate 7%
$389,371
Cap Rate 9%
$302,844
Alternative Uses
Best Use
Mixed Use
$404.0K
$353.5K – $471.3K
NOI $28,280 @ 7.0% cap · market cap 9.46%
Second Best
Retail
$389.4K
$340.7K – $454.3K
NOI $27,256 @ 7.0% cap · market cap 9.12%
Theoretical Best
Office A
$576.0K
$504.0K – $672.0K
NOI $40,319 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial space combines retail, warehouse storage, parking, and a second-story apartment for live-work use.
Where is this mixed-use property located?
The property is located at 411 Caldwell Blvd Nampa, ID.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 2,227 SF of first‑floor commercial space; Approximately 4,000 SF of additional storage; 9 roll‑up doors, including one 10‑foot door
