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    Property profile & analytics

    594 Star Rd Star, ID 83669

    • Commercial real estate
    • 9,250 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0007585
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Valley Learning Center / Preschool / Day Care Center

    Property Details for 594 Star Rd

    Lot size
    1.07 lot acres
    Property size
    9,250 SF
    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity in Star, Idaho, featuring a newly constructed, 9,250 square foot building situated on a 1.07-acre lot. This property boasts a 6.00% capitalization rate and is currently occupied by a tenant under a 10-year triple net (NNN) lease, providing immediate and consistent cash flow. The tenant, The Valley Learning Center, took possession in August 2023. The building is fully sprinklered and includes a fenced yard and paved parking. Its convenient location is within walking distance of Star Elementary School, making it an attractive and accessible property. The asking price is $3,700,000. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable location with a strong tenant and long-term lease in place. The building's size is 9,250 square feet, offering significant potential for future appreciation. This property is ideal for investors seeking a stable, long-term investment with a strong return. The property is located at 594 N Star Road, Star, ID 83669.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Star
    County
    Ada
    State
    Idaho
    Longitude
    -116.4926241
    Latitude
    43.6973476

    Comparable in this City

    • $3,213,000
      3,940 SF

      New Retail Property in Star

      New construction retail property with high growth potential in Star.
      51 N Union St, Star, ID 83669
      View Details
    • $1,399,900
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      Star, ID Investment Opportunity

      High-end model home with 4.5% NNN lease in Star.
      7051 Saddle Bred Way, Star, ID 83669
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    • $425,000
      0.41 Acres

      Residential Land in Star, Idaho

      Homesite in Star River Ranch with community amenities and river access.
      21531 Rabbit Crk Pl, Star, ID 83669
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    • $525,000
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      Star, ID Land Opportunity

      Prime commercial land near Boise River and city amenities.
      309 S Main St, Star, ID 83669
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    • $525,000
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      Star, ID Commercial Development Opportunity

      Prime mixed-use/commercial land near Boise River, Star, ID.
      309 S Main St, Star, ID 83669
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    • $515,000
      0.49 Acres

      Star, ID Unimproved Land

      Expansive .49 acre building lot in Star River Ranch!
      6271 Salmon Falls Ln, Star, ID 83669
      View Details

    Similar Nearby for Sale

    • $3,213,000
      3,940 SF

      New Retail Property in Star

      New construction retail property with high growth potential in Star.
      51 N Union St, Star, ID 83669
      View Details
    • $1,399,900
      0.24 Acres

      Star, ID Investment Opportunity

      High-end model home with 4.5% NNN lease in Star.
      7051 Saddle Bred Way, Star, ID 83669
      View Details
    • $2,140,000
      9 SF

      Star, Idaho Development Land

      9.89 acres of development land in Star, Idaho.
      2055 N Brandon Rd, Star, ID 83669
      View Details
    • $379,185

      Development Land in Star, ID

      6.04 acres of development land in Star, Idaho.
      10122 W State St, Star, ID 83669
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    • $350,000
      0.41 Acres

      Star, ID Land Opportunity

      Homesite in Star River Ranch with community amenities.
      21565 River Ranch Ln, Star, ID 83669
      View Details
    • $525,000
      0.71 Acres

      Star, ID Commercial Development Opportunity

      Prime mixed-use/commercial land near Boise River, Star, ID.
      309 S Main St, Star, ID 83669
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      496,148 SF

      Star, ID Commercial Land

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    • Contact for pricing
      12,500 SF

      Star Retail Development Opportunity

      New retail development in Star with pad sites available.
      8874 State St, Star, ID 83669
      View Details
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    594 Star Rd
    Star, ID 83669
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    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
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