New Caldwell Industrial/Office
519 Millennium Park Lane Caldwell, ID
519 Millennium Park Lane, Caldwell, ID, 00000
Contact for pricing
For Sale
Contact for pricing
New construction industrial/office building with leaseback option.
Property Size14,366 SF
Lot Size0.43 Acres
Price / SF$250.24
Days on Market383
Property Features for 519 Millennium Park Lane
General Information
- Standard status
- Active
- Size
- 14,366 SF
- Lot size
- 0.43 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
NAI Select
(208) 229-6015
Listed by
Michael Erkmann, CCIM
(208) 229-6015
Source
Moodyscre
Added: Jul 1, 2025 Checked: Jul 17 at 3:01 am
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.
Located in Caldwell, the property at 519 Millennium Park Ln presents an investment opportunity. Completed in 2025, this new construction building offers approximately 14,366 square feet of space suitable for office or industrial use. Zoned Light Industrial, the property includes four 14'x14' roll-up doors and a clear height ranging from 22 to 24 feet. The layout features approximately 2,200 square feet of finished office space and approximately 12,166 square feet of warehouse area. The property is available for immediate occupancy. The seller is willing to sign a 5-year leaseback.
Key Highlights
- New construction completed in 2025, offering a modern space.
- Benefit from significant ±12,166 SF warehouse space combined with ±2,200 SF finished office space.
- High clear height (22'-24') suitable for various industrial or storage needs.
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 | $301.7k | $21.00 |
| − Vacancy | −$36.2k | −$2.52 |
| EGI | $265.5k | $18.48 |
| − OpEx | −$66.4k | −$4.62 |
| NOI | $199.1k | $13.86 |
14,366 SF · lease $21.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.32M
NOI $199,113 @ 7.0% cap · market cap 5.54%
Second Best
Warehouse
$2.12M
$1.86M – $2.47M
NOI $148,475 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$3.83M
$3.35M – $4.46M
NOI $267,849 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- Central Self Storage — 809 Kcid Rd, Caldwell, ID 83605
FAQs
What type of property is this?
Warehouse - New construction industrial/office building with leaseback option.
Where is this warehouse located?
The property is located at 519 Millennium Park Lane Caldwell, ID.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: New construction completed in 2025, offering a modern space.; Benefit from significant ±12,166 SF warehouse space combined with ±2,200 SF finished office space.; High clear height (22'-24') suitable for various industrial or storage needs.
