Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Dense Area Title is generated by Realmo AI

    7470 W State St, Garden City, ID 83714

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a high-visibility, densely populated area.

    Type:Retail
    Added:
    Sep 6, 2023
    Days on Market:
    991
    Last Refresh:
    May 12 at 8:27 pm

    Property Features for 7470 W State St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 7470 W State St Contact us

    Suite 7476 $16/Mo

    Size
    1,870 SF
    Type
    Retail
    EST. NNN: $8.27 SF/ NNN
    Contact us

    We can help!

    Listing Contact
    Moses Mukengezi
    Moses Mukengezi

    Listing agent Moses Mukengezi License #ID 57246

    Listing office TOK Commercial

    Listing date Sep 6, 2023

    Source Crexi

    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

    HighLights

    • Excellent visibility for your business.
    • Prime retail space available.
    • Located in a dense retail area.

    Overview

    This retail space is located in a dense retail area and offers excellent visibility. The property is suitable for retail use.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garden City
    County
    Ada
    State
    Idaho
    Longitude
    -116.280775
    Latitude
    43.6698418

    Nearby Similar for Lease

    • $6,330/Mo
      17,517 SF

      Retail Space on Boise Greenbelt

      Exceptional retail space with direct exposure on the Boise River Greenbelt.
      521 E 41st St, Garden City, ID 83714
      View Details
    • $1.50 SF/Yr
      12,420 SF

      Remodeled Flex Space with Upgrades

      Modern, fully remodeled flex space with high-tech upgrades and ample power.
      113 W 43rd St, Garden City, ID 83714
      View Details
    • $1,000/Mo
      2,425 SF

      Turn-Key Office or Retail Space

      Prime location, abundant natural light, ideal for small business.
      5997 West State Street, Garden City, ID 83703
      View Details
    • $5,363/Mo

      Office/Warehouse Flex Space Available

      Move-in ready office and warehouse space in Garden City.
      106 W 32nd Street, Garden City, ID 83714
      View Details
    • $1.40 SF/Yr
      6,636 SF

      Garden City Industrial/Flex Spaces

      Industrial/flex spaces available for lease in Garden City, Idaho.
      4854 Fenton St., Garden City, ID 83714
      View Details
    • $17 SF/Yr
      113,207 SF

      Garden City Retail Center Space

      Retail center with high visibility and multiple access points.
      4977-5181 N. Glenwood St, Garden City, ID 83714
      View Details
    • $4,032/Mo
      3,360 SF

      Industrial Space on Chinden Boulevard

      Versatile industrial space with high visibility and unique features.
      5286 Chinden Boulevard, Garden City, ID 83714
      View Details
    • Contact for pricing

      Freestanding Restaurant on Chinden Blvd

      Prime restaurant space with high visibility and ample parking.
      8121 W Chinden Blvd, Garden City, ID 83714
      View Details
    • Contact for pricing
      3,768 SF

      Medical/Retail Space with Drive-Thru

      High-visibility medical/retail space with drive-thru potential in Garden City.
      6965 North Glenwood Street, Garden City, ID, 83714
      View Details
    • Contact for pricing

      Turn-Key Office or Retail Space

      Prime location, ample parking, ideal for small business.
      5997 West State Street | Garden City, ID 83703
      View Details
    • $8 SF/Yr
      13,456 SF

      Retail/Office Space in Garden City

      Retail or office space with excellent visibility and on-site parking.
      3602 W Chinden Blvd, GARDEN CITY, ID
      View Details
    • $22 SF/Yr

      New Mixed-Use Retail Space

      Restaurant/retail space in high-growth area with parking.
      4220 N Adams St, Garden City, ID 83714
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a high-visibility, densely populated area.
    Where is this retail space located?
    The property is located at 7470 W State St Garden City, ID.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility for your business.; Prime retail space available.; Located in a dense retail area.
    (208) 914-3625 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Moses Mukengezi
    Moses Mukengezi
    Real Estate License ID: ID 57246
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7470 W State St, Garden City, ID 83714
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!