Two-Tenant Retail/Office
412 S King Ave. Middleton, ID 83644
412 S King Ave., Middleton, ID, 83644
$1,350,000
For Sale
$1,350,000
Two-tenant retail/office building with mixed-use zoning and convenient access to Highway 44.
Property Size6,000 SF
Price / SF$225
Days on Market65
Property Features for 412 S King Ave.
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail - Street Retail
Building Details
- Year Built
- 2006
Listing agency
NAI Select
Listed by
Mike Erkmann · License #SP36834
Source
Commercialcafe
Added: May 20 Updated: Jul 22 at 1:23PM Checked: Jul 22 at 1:23PM
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 NAI Select
Investment Insights
Based on property information with market context.
This 16,000 SF two-tenant retail/office building is located within Middleton Marketplace in Middleton. The property is configured to support separate tenant spaces, offering a mix of retail and office use in one building.
According to the remarks, the site is positioned in one of the Treasure Valley’s growing markets with convenient access to Highway 44 and proximity to established retailers and daily-needs businesses. The surrounding area includes dining, local specialty shops, and entertainment venues.
The property is described as being in a mixed-use zoning area, allowing for a variety of retail, office, and service-oriented uses, supported by nearby highway connections that provide access to Boise, Star, Caldwell, and the greater Treasure Valley.
According to the remarks, the site is positioned in one of the Treasure Valley’s growing markets with convenient access to Highway 44 and proximity to established retailers and daily-needs businesses. The surrounding area includes dining, local specialty shops, and entertainment venues.
The property is described as being in a mixed-use zoning area, allowing for a variety of retail, office, and service-oriented uses, supported by nearby highway connections that provide access to Boise, Star, Caldwell, and the greater Treasure Valley.
Key Highlights
- Two‑tenant retail/office building totaling 6,000 SF in Middleton Marketplace
- Convenient access to Highway 44 with nearby routes to Boise, Star, Caldwell, and the Treasure Valley
- Mixed‑use zoning allows a variety of retail, office, and service‑oriented uses
Local Financial Insights For Office B
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 | $126.0k | $21.00 |
| − Vacancy | −$15.1k | −$2.52 |
| EGI | $110.9k | $18.48 |
| − OpEx | −$27.7k | −$4.62 |
| NOI | $83.2k | $13.86 |
6,000 SF · lease $21.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 6.16%
Second Best
Retail
$1.08M
$940.7K – $1.25M
NOI $75,252 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,868 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Middleton Law, PLLC
Law Firm
Foundations Pediatric Therapy
Medical Clinic
Basin Appliance Repair
Home Appliance Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-tenant retail/office building with mixed-use zoning and convenient access to Highway 44.
Where is this retail space located?
The property is located at 412 S King Ave. Middleton, ID.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑tenant retail/office building totaling 6,000 SF in Middleton Marketplace; Convenient access to Highway 44 with nearby routes to Boise, Star, Caldwell, and the Treasure Valley; Mixed‑use zoning allows a variety of retail, office, and service‑oriented uses
