Flexible Office
For Sale
$799,500
812 S 1st, Nampa, ID 83651
Commercial Sale, Nampa, ID
Property Size3,484 SF
Lot Size0.32 Acres
Price / SF$229.48
Days on Market421
Property Features for 812 S 1st
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
10000 S F - .49 Acre
Standard status
Active
APN
13183000 0
Size
3,484 SF
Lot size
0.32 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
7 private offices
2 spacious conference rooms
open flex space
break room
ample storage area
Building Details
Year built
1999
Floors in Building
1
Number of units
1
Listing Agency:
KW Commercial · Keller Williams Realty
(208) 475-1313
Listed By:
Jason Knorpp · License #SP41881
(208) 283-8121
Added: Jul 1, 2025
Changed: Aug 23
Last Checked: Aug 25 at 12:06PM
MLS# 98954032
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 office property at 812 S 1st in Nampa provides 3,484 square feet of finished workspace within a 1999-built building. The interior includes 7 private offices, 2 conference rooms, open flex space, a break room, and dedicated storage, creating a practical configuration for professional operations. Forced-air heating and central air conditioning serve the space.
The property is positioned in downtown Nampa, Idaho, within ZIP Code 83651. Its existing office buildout supports a range of professional workplace arrangements without requiring a new interior layout.
The property is positioned in downtown Nampa, Idaho, within ZIP Code 83651. Its existing office buildout supports a range of professional workplace arrangements without requiring a new interior layout.
Key Highlights
- 3,484 square feet of office space at 812 S 1st, Nampa, ID 83651
- 7 private offices and 2 conference rooms
- Open flex space, break room, and ample storage area
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
$44,996
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
5.63%
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%
$899,920
$899.9K
Cap Rate 7%
$642,800
$642.8K
Cap Rate 9%
$499,956
$500.0K
Market Conditions
NOI Build-Up for 3,484 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
$73.2K $21.00/SF
− Vacancy
−$13.2K −$3.78/SF
EGI
$60.0K $17.22/SF
− OpEx
−$15.0K −$4.31/SF
NOI
$45.0K $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%
$899,920
Cap Rate 7%
$642,800
Cap Rate 9%
$499,956
Alternative Uses
Best Use
Office B
$642.8K
$562.5K – $749.9K
NOI $44,996 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$881.3K
$771.2K – $1.03M
NOI $61,692 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready professional space with private offices, conference rooms, flex area, break room, and storage.
Where is this office units located?
The property is located at 812 S 1st Nampa, ID.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: 3,484 square feet of office space at 812 S 1st, Nampa, ID 83651; 7 private offices and 2 conference rooms; Open flex space, break room, and ample storage area
