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    New Retail/Office Buildings Available Title is generated by Realmo AI

    7 N 4th St W, Homedale, ID 83628

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    New retail/office buildings near Shady Lane RV Park.

    Type:Retail, Office, Restaurant
    Property size:
    5,407 SF
    Added:
    Apr 24, 2024
    Days on Market:
    775
    Last Refresh:
    May 12 at 10:20 pm

    Property Features for 7 N 4th St W

    General Information

    Standard status
    Active
    Size
    5,407 SF
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 7 N 4th St W Contact us

    South Building $17/Mo

    Size
    1,800 SF
    Type
    Office
    $17.00 SF/yr (NNN)nServing Shady Lane RV park and the town of Homedale. Great space...
    show more
    Contact us

    North Building $17/Mo

    Size
    1,800 SF
    Type
    Office
    $17.00 SF/yr (NNN)nServing Shady Lane RV park and the town of Homedale. Great space...
    show more
    Contact us

    We can help!

    Listing Contact
    Sean Edwards

    Listing agent Sean Edwards License #ID

    Listing office TOK Commercial

    Listing date Apr 24, 2024

    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

    • Two newly constructed retail/office buildings (5,407 SF each).
    • Restaurant‑ready space with grease interceptors, roll‑up doors, and large patios.
    • Ample parking and TI allowance available.
    • Convenient access near US‑95 with strong local visibility.
    • Adjacent to Shady Lane RV Park, benefiting from steady traffic.
    • Located near the Snake River and other community amenities.

    Overview

    Two newly constructed retail and office buildings, each totaling 5,407 square feet, are available for rent. These buildings are ideally positioned to serve the Shady Lane RV Park and the Homedale community. The property includes restaurant-ready spaces equipped with grease interceptors, roll-up doors, and large patios. Ample parking is available, and a tenant improvement allowance is offered. Located at 7 North 4th Street East in Homedale, Idaho, the property provides convenient access near US-95 and benefits from strong local visibility. Situated near the Snake River and adjacent to Shady Lane RV Park, the location benefits from consistent traffic from residents, visitors, and recreational users. Nearby attractions include the city park, bowling alley, and other community amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shady Lane RV ... Campground & RV Park Wishy Washy Laundromat ... (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Homedale
    County
    Owyhee
    State
    Idaho
    Longitude
    -116.941361
    Latitude
    43.618289

    Nearby Similar for Lease

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      View Details
    • $113,427 SF/Yr
      12,603 SF

      Flex and Warehouse Site with Yard

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      328 Hwy 95, Homedale, ID 83628
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    • $0.65 SF/Yr

      Industrial and Yard Space Available

      Industrial and yard space for lease with cooling storage.
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      View Details

    FAQs

    What type of property is this?
    Retail space - New retail/office buildings near Shady Lane RV Park.
    Where is this retail space located?
    The property is located at 7 N 4th St W Homedale, ID.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Two newly constructed retail/office buildings (5,407 SF each).; Restaurant‑ready space with grease interceptors, roll‑up doors, and large patios.; Ample parking and TI allowance available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sean Edwards
    Real Estate License ID: ID
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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.

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    7 N 4th St W, Homedale, ID 83628
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