Auto Repair Shop with Storage
For Sale
$699,000
7 N Hwy 91, Downey, ID 83234
Operating repair and towing business with equipment, storage units, and multiple established income sources.
Property Size2,880 SF
Lot Size3.32 Acres
Price / SF$242.71
Days on Market39
Property Features for 7 N Hwy 91
General Information
Standard status
Active
Size
2,880 SF
Lot size
3.32 Acres
Additional Details
Business Included
Yes
Drive-In Doors
2
Service Bays
3
Amenities
storage units
carport
shed
reefer
Building Details
Year Built
1956
Listing Agency:
AMP Realty
(208) 757-9538
Listed By:
Angela Palmer · License #DB41868
Source:
Noplacelikeidaho
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 29 at 10:26AM
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 AMP Realty
Investment Insights
Based on property information with market context.
The property includes an established automotive repair and towing operation on 3.32 acres. The primary repair building measures 80' x 36' and has three service bays, lifts, specialty tools, general equipment, and parts inventory. A separate 30' x 36' shop contains two 1994 tow trucks and has two 10' garage doors. The sale also includes a flatbed truck, reefer, shed, and one carport.
Storage components include 14 storage units along with additional smaller units on the west side of the storage building; most of the units are rented. The operation also includes towing, vehicle repairs, sales, storage rentals, and distribution activities involving Interstate batteries and Air Gas oxygen and acetylene. Battery inventory is not owned. The property is located at 7 N Hwy 91 in Downey, Idaho, and was built in 1956.
Storage components include 14 storage units along with additional smaller units on the west side of the storage building; most of the units are rented. The operation also includes towing, vehicle repairs, sales, storage rentals, and distribution activities involving Interstate batteries and Air Gas oxygen and acetylene. Battery inventory is not owned. The property is located at 7 N Hwy 91 in Downey, Idaho, and was built in 1956.
Key Highlights
- 3.32‑acre property at 7 N Hwy 91, Downey, ID 83234
- 80' x 36' repair shop with 3 service bays
- 14 storage units plus additional smaller storage spaces
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
Property Profile
Current Use
Lease Details
2
Drive-in doors
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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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 - Operating repair and towing business with equipment, storage units, and multiple established income sources.
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 property at 7 N Hwy 91, Downey, ID 83234; 80' x 36' repair shop with 3 service bays; 14 storage units plus additional smaller storage spaces
