Downtown Flex Office/Retail
424 S 3rd Street Nampa, ID 83651
424 S 3rd Street, Nampa, ID, 83651
$732,000
For Sale
$732,000
GB1-zoned building across from Nampa City Hall, currently built out with seven studio apartments and multiple kitchens and baths.
Property Size3,700 SF
Price / SF$197.84
Days on Market57
Property Features for 424 S 3rd Street
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1924
Listing agency
Mark Bottles Real Estate Serv.
(208) 230-3309
Listed by
David Bohecker · License #ID 22560
(208) 230-3309
Source
Thgboise
Added: May 26 Updated: Jul 21 at 2:33AM Checked: Jul 21 at 3:01AM
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 Mark Bottles Real Estate Serv.
Investment Insights
Based on property information with market context.
This downtown building offers flexible GB1 zoning that can accommodate a range of office, retail, creative, and professional uses. The property is currently built out as seven studio apartments, which the seller notes is not a permitted use in GB-1 zoning. The building includes multiple kitchens and bathrooms, supporting a variety of potential reconfiguration options for an owner-user or investor.
Located at 424 3rd St. South in Nampa, the building sits directly across the street from Nampa City Hall and is surrounded by established downtown businesses. The positioning provides street-level access for prospective tenants.
Also available for lease, the seller says all offers will be considered.
Located at 424 3rd St. South in Nampa, the building sits directly across the street from Nampa City Hall and is surrounded by established downtown businesses. The positioning provides street-level access for prospective tenants.
Also available for lease, the seller says all offers will be considered.
Key Highlights
- 3,700 SF commercial building at 424 3rd St. South in downtown Nampa
- GB1 zoning allows flexible office, retail, creative, and professional uses
- Across the street from Nampa City Hall
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 | $77.7k | $21.00 |
| − Vacancy | −$14.0k | −$3.78 |
| EGI | $63.7k | $17.22 |
| − OpEx | −$15.9k | −$4.31 |
| NOI | $47.8k | $12.92 |
3,700 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$682.7K
$597.3K – $796.4K
NOI $47,786 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$520.9K
$455.8K – $607.7K
NOI $36,462 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$936.0K
$819.0K – $1.09M
NOI $65,517 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Apartment building - GB1-zoned building across from Nampa City Hall, currently built out with seven studio apartments and multiple kitchens and baths.
Where is this apartment building located?
The property is located at 424 S 3rd Street Nampa, ID.
What is the asking price?
The asking price for this property is $732,000.
What are key features of this property?
This property features: 3,700 SF commercial building at 424 3rd St. South in downtown Nampa; GB1 zoning allows flexible office, retail, creative, and professional uses; Across the street from Nampa City Hall
