Warehouse Space with High
For Sale
Contact for pricing
215 Hannibal St, Caldwell, ID 83605
Two-tenant warehouse space with 20' ceilings for sale.
Property Size4,960 SF
Price / SF$171.37
Days on Market757
Property Features for 215 Hannibal St
General Information
Standard status
Active
Size
4,960 SF
Class
A
Property subtype
Industrial
Zoning
C-3
Building Details
Year Built
2025
Buildings
1
Stories
1
Units
1
Listing Agency:
Coldwell Banker Commercial Tomlinson Associated Brokers Eagle
Listed By:
Rick McGraw · License #ID
(208) 672-0447
Source:
Crexi
Added: Aug 13, 2024
Changed: Sep 7
Last Checked: Sep 8 at 8:48AM
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 Coldwell Banker Commercial Tomlinson Associated Brokers Eagle
Investment Insights
Based on property information with market context.
The South Building at 215 Hannibal Street offers 4,960 square feet of two-tenant space featuring a clear span warehouse with a 20-foot ceiling height. Each tenant space includes an office, a restroom, and a 12-foot by 14-foot roll-up door. The building is equipped with 300 phase power and two 200 AMP panels. Zoned C-3 (General Commercial), the property is suitable for businesses seeking space in a developing location. The building is available for sale.
Key Highlights
- 4,960 SF Two‑Tenant Space
- Clear Span Warehouse with 20' Ceiling Height
- Zoned C‑3 (General Commercial)
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
$51,262
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
6.03%
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%
$1,025,240
$1.0M
Cap Rate 7%
$732,314
$732.3K
Cap Rate 9%
$569,578
$569.6K
Market Conditions
NOI Build-Up for 4,960 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
$62.5K $12.60/SF
− Vacancy
−$2.2K −$0.44/SF
EGI
$60.3K $12.16/SF
− OpEx
−$9.0K −$1.82/SF
NOI
$51.3K $10.34/SF
Area
Canyon County, ID
Vacancy
3.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,025,240
Cap Rate 7%
$732,314
Cap Rate 9%
$569,578
Alternative Uses
Best Use
Warehouse
$732.3K
$640.8K – $854.4K
NOI $51,262 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$603.1K
$527.7K – $703.6K
NOI $42,216 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,477 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Balanced
Demand for This Use
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
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Similar Off Market Nearby
- Classic Storage — Evans St, Caldwell, ID 83605
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Frequently Asked Questions
What type of property is this?
Warehouse - Two-tenant warehouse space with 20' ceilings for sale.
Where is this warehouse located?
The property is located at 215 Hannibal St Caldwell, ID.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,960 SF Two‑Tenant Space; Clear Span Warehouse with **20' Ceiling Height**; Zoned C‑3 (General Commercial)
