Garden City Freestanding Restaurant
For Sale
$1,750,000
8121 W Chinden Blvd, Garden City, ID 83714
Freestanding restaurant building in high-visibility Garden City location.
Property Size3,909 SF
Price / SF$447.68
Days on Market168
Property Features for 8121 W Chinden Blvd
General Information
Standard status
Active
Size
3,909 SF
Property subtype
Retail
Building Details
Year Built
1994
Listing Agency:
NAI Select
(208) 781-9524
Listed By:
Travis Dunn · License #ID #SP52954
(208) 781-9524
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 21 at 4:15AM
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 NAI Select
Investment Insights
Based on property information with market context.
Located at 8121 W Chinden Blvd in Garden City, ID, this commercial property offers a promising investment opportunity. Constructed in 1994, the building spans approximately 3,909 square feet and is zoned C-2. The property is suitable for restaurant ventures. The location offers high visibility and strategic positioning. The property features a high parking ratio of 15 spaces per 1,000 square feet, encompassing the building. It includes a large hood, two walk-in coolers, and a grease trap. An oversized street-front pylon sign enhances visibility. The property is designed for an owner-user. Two access points are available. Strong neighboring tenants include McDonalds and Taco Bell. The building features a prominent design. It benefits from high visibility from Chinden Blvd. The property is adjacent to the Fairgrounds and a new soccer facility. It is also in close proximity to Capital High School, parks, trails, and other public attractions.
Key Highlights
- Freestanding Restaurant along major thoroughfare (Chinden Blvd)
- Large Hood, Two Walk‑in Coolers, Grease Trap
- High parking ratio (15:1,000)
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
$53,757
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
3.07%
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%
$1,075,140
$1.1M
Cap Rate 7%
$767,957
$768.0K
Cap Rate 9%
$597,300
$597.3K
Market Conditions
NOI Build-Up for 3,909 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
$75.1K $19.20/SF
− Vacancy
−$3.4K −$0.86/SF
EGI
$71.7K $18.34/SF
− OpEx
−$17.9K −$4.58/SF
NOI
$53.8K $13.75/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$19.20 /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%
$1,075,140
Cap Rate 7%
$767,957
Cap Rate 9%
$597,300
Alternative Uses
Best Use
Specialty Retail
$768.0K
$672.0K – $896.0K
NOI $53,757 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$944.6K – $1.26M
NOI $75,569 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
145k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 34%
Shops & Services 18%
Fred Meyer
Groceries
49,186 visits/mo
0.4 miles
McDonald's
Dining
30,345 visits/mo
0.1 miles
Fred Meyer Gas Station
Shops & Services
14,225 visits/mo
0.4 miles
Taco Bell
Dining
14,217 visits/mo
0.1 miles
Starbucks
Dining
12,029 visits/mo
0.1 miles
Demographics for 83714, ID
26,181
Population
11,672
Households
2.2
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
483
Density / Sq Mi
$86,114
Median Household Income
$43,867
Median Earnings
$1,384
Median Rent
$468,100
Median Home Value
Market
Vacancy Rate% for Retail 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?
Conventional restaurant - Freestanding restaurant building in high-visibility Garden City location.
Where is this conventional restaurant located?
The property is located at 8121 W Chinden Blvd Garden City, ID.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Freestanding Restaurant along major thoroughfare (Chinden Blvd); Large Hood, Two Walk‑in Coolers, Grease Trap; High parking ratio (15:1,000)
