Storefront Property with
For Sale
Contact for pricing
703 2nd St S, Nampa, ID 83651
GB2-zoned property along Nampa-Caldwell Boulevard with on-site parking and flexibility for retail or office use.
Property Size4,028 SF
Price / SF$181.23
Days on Market158
Property Features for 703 2nd St S
General Information
Standard status
Active
Size
4,028 SF
Class
B
Property subtype
Retail, Office
Zoning
GB2
Building Details
Year Built
1900
Listing Agency:
TOK Commercial
(425) 555-5555
Listed By:
Ashli Rummp · License #ID4071196
Source:
Crexi
Added: Mar 27
Changed: Aug 30
Last Checked: Aug 30 at 2:03PM
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 TOK Commercial
Investment Insights
Based on property information with market context.
This storefront property offers 4,028 square feet of commercial space with a layout suited to retail or office occupancy. On-site parking supports day-to-day customer and employee access, while the existing storefront format provides a recognizable commercial presence along the corridor.
The property is located at 703 2nd St S in Nampa, within the Downtown Nampa redevelopment area and near the downtown core. It fronts Nampa-Caldwell Boulevard and carries GB2 zoning. Built in 1900, the property provides an established commercial building setting for users seeking a retail or office location.
The property is located at 703 2nd St S in Nampa, within the Downtown Nampa redevelopment area and near the downtown core. It fronts Nampa-Caldwell Boulevard and carries GB2 zoning. Built in 1900, the property provides an established commercial building setting for users seeking a retail or office location.
Key Highlights
- 4,028 square feet of commercial space
- GB2 zoning
- On‑site parking
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
$52,022
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
7.13%
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%
$1,040,440
$1.0M
Cap Rate 7%
$743,171
$743.2K
Cap Rate 9%
$578,022
$578.0K
Market Conditions
NOI Build-Up for 4,028 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
$84.6K $21.00/SF
− Vacancy
−$15.2K −$3.78/SF
EGI
$69.4K $17.22/SF
− OpEx
−$17.3K −$4.31/SF
NOI
$52.0K $12.92/SF
Area
Nampa, ID
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,040,440
Cap Rate 7%
$743,171
Cap Rate 9%
$578,022
Alternative Uses
Best Use
Office B
$743.2K
$650.3K – $867.0K
NOI $52,022 @ 7.0% cap · market cap 7.13%
Second Best
Retail
$688.8K
$602.7K – $803.6K
NOI $48,215 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.02M
$891.6K – $1.19M
NOI $71,325 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83651, ID
34,509
Population
14,031
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
86%
High-School Grad
15.9 sq mi
ZIP Area
2,170
Density / Sq Mi
$66,895
Median Household Income
$34,770
Median Earnings
$1,334
Median Rent
$312,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - GB2-zoned property along Nampa-Caldwell Boulevard with on-site parking and flexibility for retail or office use.
Where is this storefront property located?
The property is located at 703 2nd St S Nampa, ID.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 4,028 square feet of commercial space; GB2 zoning; On‑site parking
