Flex Space with Storage
For Sale
$189,900
Pending
64 Messick Ln, Garden Valley, ID 83622
Commercial Sale, Garden Valley, ID
Property Size2,000 SF
Lot Size0.28 Acres
Days on Market141
Property Features for 64 Messick Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial
Lot features
10000 S F - .49 Acre
Standard status
Pending
APN
RPC00040154561
Size
2,000 SF
Lot size
0.28 Acres
Building Details
Year built
1985
Flooring type
Concrete
Building materials
Concrete, Frame
Roof type
Metal
Listing Agency:
208 Real Estate
(208) 322-7653
Listed By:
Raelynn Moroney · License #SP45559
(208) 830-2823
Added: Apr 17
Changed: Sep 3
Last Checked: Sep 4 at 4:06AM
MLS# 98982703
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 2,000-square-foot flex property on 0.28 acres includes an 18-by-30-foot shop and five separate storage units. The layout can accommodate shop, retail, or event-center use, with concrete flooring and concrete-and-frame construction beneath a metal roof. Built in 1985, the property offers a compact commercial configuration with several functional components.
The property is in downtown Crouch, near local restaurants, shopping, the Payette River, and Weilmunster Park. Its combination of enclosed work area and storage spaces supports a range of small-business operating formats within a single commercial property.
The property is in downtown Crouch, near local restaurants, shopping, the Payette River, and Weilmunster Park. Its combination of enclosed work area and storage spaces supports a range of small-business operating formats within a single commercial property.
Key Highlights
- 2,000‑square‑foot flex property on 0.28 acres
- 18X30 shop space included
- Five storage units: 2‑units 20x18 and 3‑units 10x18
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
$17,186
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
9.05%
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%
$343,720
$343.7K
Cap Rate 7%
$245,514
$245.5K
Cap Rate 9%
$190,956
$191.0K
Market Conditions
NOI Build-Up for 2,000 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
$26.4K $13.20/SF
− Vacancy
−$1.8K −$0.92/SF
EGI
$24.6K $12.28/SF
− OpEx
−$7.4K −$3.68/SF
NOI
$17.2K $8.59/SF
Area
Boise County, ID
Vacancy
7.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$343,720
Cap Rate 7%
$245,514
Cap Rate 9%
$190,956
Alternative Uses
Best Use
Warehouse
$298.1K
$260.9K – $347.8K
NOI $20,869 @ 7.0% cap · market cap 10.99%
Second Best
Flex RnD
$285.5K
$249.8K – $333.1K
NOI $19,984 @ 7.0% cap · market cap 10.52%
Theoretical Best
Office A
$505.9K
$442.7K – $590.2K
NOI $35,414 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83622, ID
2,076
Population
1,785
Households
1.2
Avg Household Size
58
Median Age
32%
College-Educated
94%
High-School Grad
278.2 sq mi
ZIP Area
7
Density / Sq Mi
$75,461
Median Household Income
$29,834
Median Earnings
$959
Median Rent
$503,800
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.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building combines shop space, retail potential, and multiple storage units.
Where is this flex space located?
The property is located at 64 Messick Ln Garden Valley, ID.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,000‑square‑foot flex property on 0.28 acres; 18X30 shop space included; Five storage units: 2‑units 20x18 and 3‑units 10x18
