Three-Bay Auto Repair
For Sale
$699,000
7 N Hwy 91, Downey, ID 83234
Commercial Sale, Downey, ID
Property Size2,880 SF
Lot Size3.32 Acres
Price / SF$242.71
Days on Market96
Property Features for 7 N Hwy 91
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Zoning: Commercial, Specific Zoning: Bannock-Commercial General
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
40
Parking features
Off Street, Parking Lot
Directions
Off Hwy 91 just heading into Downey.
Standard status
Active
APN
RPRDATD000100
Size
2,880 SF
Lot size
3.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S34-T11S-R37E LOT 3 2.70 AC (0.50 AC HWY) ACREAGE TRACTS IN DOWNEY
Tax Annual Amount
2837
Legal Description
S34-T11S-R37E LOT 3 2.70 AC (0.50 AC HWY) ACREAGE TRACTS IN DOWNEY
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Amenities
storage units
carport
Building Details
Year built
1956
Building materials
Block, Block
Roof type
Membrane
Listing Agency:
AMP Realty
Listed By:
Angela Palmer · License #DB41868
(208) 757-9538
Added: Jun 30
Changed: Sep 15
Last Checked: Oct 3 at 3:06PM
MLS# 2182250
Copyright © 2026 Snake River Regional MLS. 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 automotive property combines an established repair operation with towing and self-storage components. The 2,880-square-foot repair building measures 80'X36 and includes 3 Bays, lifts, tools, specialty Snap-on tools, parts inventory, and a bathroom. A separate 30x36 Shop contains 2 - 1994 tow trucks and has 2 - 10' garage doors. The sale also includes a flat bed truck, reefer, shed, and 1 carpot.
The property encompasses 3.32 acres at 7 N Hwy 91 in Downey, Idaho. Storage improvements include 14 Storage Units along with additional smaller storages on the west side of the storage unit building; most storage units are rented. The site has public water and public sewer, a parking lot, off-street parking, block construction, oil heat, and a membrane roof. Built in 1956, the property supports repair, towing, and storage uses in one location.
The property encompasses 3.32 acres at 7 N Hwy 91 in Downey, Idaho. Storage improvements include 14 Storage Units along with additional smaller storages on the west side of the storage unit building; most storage units are rented. The site has public water and public sewer, a parking lot, off-street parking, block construction, oil heat, and a membrane roof. Built in 1956, the property supports repair, towing, and storage uses in one location.
Key Highlights
- 3.32‑acre automotive property at 7 N Hwy 91, Downey, ID 83234
- 2,880 square feet with a 3‑bay repair shop measuring 80'X36
- 14 Storage Units plus additional smaller storages; most storage units are rented
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
$25,414
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
3.64%
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%
$508,280
$508.3K
Cap Rate 7%
$363,057
$363.1K
Cap Rate 9%
$282,378
$282.4K
Market Conditions
NOI Build-Up for 2,880 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
$38.0K $13.20/SF
− Vacancy
−$1.7K −$0.59/SF
EGI
$36.3K $12.61/SF
− OpEx
−$10.9K −$3.78/SF
NOI
$25.4K $8.82/SF
Area
Bannock County, ID
Vacancy
4.50%
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%
$508,280
Cap Rate 7%
$363,057
Cap Rate 9%
$282,378
Alternative Uses
Best Use
Retail
$363.1K
$317.7K – $423.6K
NOI $25,414 @ 7.0% cap · market cap 3.64%
Second Best
Self Storage
$341.1K
$298.5K – $398.0K
NOI $23,878 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$477.2K
$417.6K – $556.8K
NOI $33,406 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83234, ID
1,127
Population
556
Households
2
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
270.2 sq mi
ZIP Area
4
Density / Sq Mi
$66,154
Median Household Income
$30,025
Median Earnings
$927
Median Rent
$216,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Doug's Repair Service — 9 US-91, Downey, ID 83234
Frequently Asked Questions
What type of property is this?
Auto shop - Repair, towing, and storage operations share a commercially improved site with equipment, storage units, and public utilities.
Where is this auto shop located?
The property is located at 7 N Hwy 91 Downey, ID.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3.32‑acre automotive property at 7 N Hwy 91, Downey, ID 83234; 2,880 square feet with a 3‑bay repair shop measuring 80'X36; 14 Storage Units plus additional smaller storages; most storage units are rented
