Highway-Frontage Warehouse
For Sale
$3,200,000
4914 Highway 20/26, Caldwell, ID 83605
Commercial Sale, Caldwell, ID
Property Size16,000 SF
Lot Size3.26 Acres
Price / SF$200
Days on Market201
Property Features for 4914 Highway 20/26
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Dock, Paved Outside Area
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Lot features
1 - 4.99 Acres
Standard status
Active
APN
352890110
Size
16,000 SF
Lot size
3.26 Acres
Taxes and HOA fees
Tax Description
25-4N-3W NE Tax 11 In Nene Ls Row
Legal Description
25-4N-3W NE Tax 11 In Nene Ls Row
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Hot Water(Heating)
Water source
Well
Amenities
break room
bathrooms
shower
Building Details
Flooring type
Concrete
Building materials
Concrete, Steel Siding, Metal Siding
Roof type
Metal, Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Michelle Bailey · License #AB33956
(208) 672-9111
Added: Feb 24
Changed: Sep 13
Last Checked: Sep 13 at 4:06PM
MLS# 98975838
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 16,000-square-foot warehouse property occupies 3.26 acres and includes three large warehouse buildings, newly constructed office areas, a break room, bathrooms, and a shower. A raised loading dock supports shipping and receiving, while concrete flooring, metal and composition roofing, and concrete, steel siding, and metal siding construction materials serve the improvements. The site is fully fenced and includes a paved outside area.
The property has 450 feet of frontage along Highway 20/26, where exposure exceeds 26,000 vehicles per day. Highway 84 is approximately one mile away, providing a direct connection to a broader transportation network. Located at 4914 Highway 20/26 in Caldwell, Idaho, the site sits between Kcid Rd and Smeed Pkwy. The acreage also provides room for future expansion or laydown-yard use, as supported by the existing site configuration.
The property has 450 feet of frontage along Highway 20/26, where exposure exceeds 26,000 vehicles per day. Highway 84 is approximately one mile away, providing a direct connection to a broader transportation network. Located at 4914 Highway 20/26 in Caldwell, Idaho, the site sits between Kcid Rd and Smeed Pkwy. The acreage also provides room for future expansion or laydown-yard use, as supported by the existing site configuration.
Key Highlights
- 3.26‑acre industrial property with 16,000 square feet of warehouse space
- Three large warehouses plus newly constructed office areas
- 450 feet of frontage on Highway 20/26
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
$165,362
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
5.17%
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%
$3,307,240
$3.3M
Cap Rate 7%
$2,362,314
$2.4M
Cap Rate 9%
$1,837,356
$1.8M
Market Conditions
NOI Build-Up for 16,000 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
$201.6K $12.60/SF
− Vacancy
−$7.1K −$0.44/SF
EGI
$194.5K $12.16/SF
− OpEx
−$29.2K −$1.82/SF
NOI
$165.4K $10.34/SF
Area
Canyon County, ID
Vacancy
3.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
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%
$3,307,240
Cap Rate 7%
$2,362,314
Cap Rate 9%
$1,837,356
Alternative Uses
Best Use
Warehouse
$2.36M
$2.07M – $2.76M
NOI $165,362 @ 7.0% cap · market cap 5.17%
Second Best
Industrial
$1.95M
$1.70M – $2.27M
NOI $136,181 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$4.26M
$3.73M – $4.97M
NOI $298,314 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 83605, ID
38,561
Population
14,197
Households
2.7
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
24.6 sq mi
ZIP Area
1,568
Density / Sq Mi
$60,657
Median Household Income
$31,806
Median Earnings
$973
Median Rent
$300,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Iron Mountain — 1701 Smeed Pkwy Suite 101, Caldwell, ID 83605
- Central Self Storage — 809 Kcid Rd, Caldwell, ID 83605
Frequently Asked Questions
What type of property is this?
Warehouse - Three-warehouse industrial site with office improvements, loading infrastructure, fencing, and access to major regional transportation routes.
Where is this warehouse located?
The property is located at 4914 Highway 20/26 Caldwell, ID.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 3.26‑acre industrial property with 16,000 square feet of warehouse space; Three large warehouses plus newly constructed office areas; 450 feet of frontage on Highway 20/26
