Industrial Property with Excess
For Sale
Contact for pricing
Pending
1 Idea Way, Caldwell, ID 83605
Multi-functional industrial building suitable for manufacturing, warehousing, and office use.
Property Size59,252 SF
Lot Size5.21 Acres
Days on Market700
Property Features for 1 Idea Way
General Information
Standard status
Pending
Size
59,252 SF
Lot size
5.21 Acres
Property subtype
Industrial
Zoning
M-1 ( Light Industrial )
Investment Type
Owner/User
Building Details
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
CBRE - Boise
Listed By:
Harry Sawyer, MSRE · License #SP43291
Source:
Crexi
Added: Oct 1, 2024
Changed: Aug 14
Last Checked: Aug 14 at 5:59AM
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 CBRE - Boise
Investment Insights
Based on property information with market context.
This industrial property offers an expansive, multi-functional space suitable for manufacturing, warehousing, and office use. The building has a size of 59,252 square feet and is situated on a 5.21-acre site. The property is zoned M-1 (Light Industrial). The property is positioned with access to major highways and surrounding business hubs, making it suitable for operations requiring transport links. It is located at 1 Idea Way, Caldwell, ID 83605.
Key Highlights
- Rare owner‑user opportunity with excess land.
- Prime I‑84 visibility in the Caldwell Submarket.
- Expansive, multi‑functional +59,252 SF building suitable for manufacturing, warehousing, and office use.
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
$504,312
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
8.77%
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%
$10,086,240
$10.1M
Cap Rate 7%
$7,204,457
$7.2M
Cap Rate 9%
$5,603,467
$5.6M
Market Conditions
NOI Build-Up for 59,252 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
$746.6K $12.60/SF
− Vacancy
−$26.1K −$0.44/SF
EGI
$720.4K $12.16/SF
− OpEx
−$216.1K −$3.65/SF
NOI
$504.3K $8.51/SF
Area
Canyon County, ID
Vacancy
3.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
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%
$10,086,240
Cap Rate 7%
$7,204,457
Cap Rate 9%
$5,603,467
Alternative Uses
Best Use
Warehouse
$8.75M
$7.65M – $10.21M
NOI $612,378 @ 7.0% cap · market cap 10.65%
Second Best
Industrial
$7.20M
$6.30M – $8.41M
NOI $504,312 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$15.78M
$13.81M – $18.41M
NOI $1,104,732 @ 7.0% cap · market cap 19.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 83605, ID
38,561
Population
14,197
Households
2.7
Avg Household Size
32
Median Age
14%
College-Educated
80%
High-School Grad
24.6 sq mi
ZIP Area
1,568
Density / Sq Mi
$60,657
Median Household Income
$31,806
Median Earnings
$973
Median Rent
$300,900
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Manufacturing property - Multi-functional industrial building suitable for manufacturing, warehousing, and office use.
Where is this manufacturing property located?
The property is located at 1 Idea Way Caldwell, ID.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Rare owner‑user opportunity with excess land.; Prime I‑84 visibility in the Caldwell Submarket.; Expansive, multi‑functional +59,252 SF building suitable for manufacturing, warehousing, and office use.
