Flex Space with Drive-In Shop
For Sale
$299,900
412 3rd Street S, Nampa, ID 83651
Commercial Sale, Nampa, ID
Property Size1,990 SF
Lot Size0.07 Acres
Price / SF$150.70
Days on Market17
Property Features for 412 3rd Street S
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Sm Lot 5999 S F
Directions
From exit 36 for N. Franklin Blvd, sharp left onto N. Franklin Blvd, Take Northside Blvd to 3rd St S/Nampa-Caldwell Blvd.
Standard status
Active
APN
144350000
Size
1,990 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
22-3N-2W SW Pleasant's Add Serly 65' of Lot 1 BLK 4
Legal Description
22-3N-2W SW Pleasant's Add Serly 65' of Lot 1 BLK 4
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Building Details
Flooring type
Concrete
Building materials
Frame, Stucco
Roof type
Flat
Listing Agency:
LPT Realty
(360) 298-4624
Listed By:
Tim Smith · License #sp44114
(208) 810-8182
Added: Aug 5
Changed: Aug 20
Last Checked: Aug 21 at 2:06PM
MLS# 98996349
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 1,990-square-foot flex property combines customer-facing office space with a distinct rear shop or work area. A drive-in door accommodates vehicles or equipment, while concrete flooring, central air, natural-gas heating, a flat roof, and frame-and-stucco construction are in place.
The building is located at 412 3rd Street S in downtown Nampa, directly across from Nampa City Hall. Large storefront windows face the street, and a freestanding billboard is positioned in front of the property. The layout provides two functional areas within the building, supporting office and work-related operations in one location.
The building is located at 412 3rd Street S in downtown Nampa, directly across from Nampa City Hall. Large storefront windows face the street, and a freestanding billboard is positioned in front of the property. The layout provides two functional areas within the building, supporting office and work-related operations in one location.
Key Highlights
- 1,990 square feet configured as front office and rear shop/work areas
- Drive‑in shop door provides vehicle and equipment access
- Across from Nampa City Hall in downtown Nampa
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
$25,701
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
8.57%
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%
$514,020
$514.0K
Cap Rate 7%
$367,157
$367.2K
Cap Rate 9%
$285,567
$285.6K
Market Conditions
NOI Build-Up for 1,990 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
$41.8K $21.00/SF
− Vacancy
−$7.5K −$3.78/SF
EGI
$34.3K $17.22/SF
− OpEx
−$8.6K −$4.31/SF
NOI
$25.7K $12.92/SF
Area
Nampa, ID
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$514,020
Cap Rate 7%
$367,157
Cap Rate 9%
$285,567
Alternative Uses
Best Use
Office B
$367.2K
$321.3K – $428.4K
NOI $25,701 @ 7.0% cap · market cap 8.57%
Second Best
Flex RnD
$284.1K
$248.6K – $331.4K
NOI $19,884 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$503.4K
$440.5K – $587.3K
NOI $35,237 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Horsewood Catering — 422 Caldwell Blvd, Nampa, ID 83651
- H&M BBQ — 215 14th Ave S, Nampa, ID 83651
Frequently Asked Questions
What type of property is this?
Flex space - Front office space is paired with a separate rear work area offering vehicle access.
Where is this flex space located?
The property is located at 412 3rd Street S Nampa, ID.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,990 square feet configured as front office and rear shop/work areas; Drive‑in shop door provides vehicle and equipment access; Across from Nampa City Hall in downtown Nampa
