Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Entitled Land in Nampa Title is generated by Realmo AI

    Locust Ln, Nampa, ID 83686

    View on Map
    Claim this Listing
    For Sale
    $5,800,000

    Approved land for storage units and restaurant in Nampa.

    Added:
    Jan 5, 2025
    Days on Market:
    517
    Last Refresh:
    May 13 at 8:16 pm

    Property Features for Locust Ln

    General Information

    Standard status
    Active
    Property subtype
    Other

    We can help!

    Listing Contact
    Coldwell Banker Tomlinson

    Listing agent Coldwell Banker Tomlinson

    Listing office

    Listing date Jan 5, 2025

    Source Xome

    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 Tomlinson

    HighLights

    • Entitled Land: Approved for development.
    • City of Nampa Approval: Approved storage units with restaurant.
    • Annexed into City of Nampa: Zoned BC - Business Commercial.
    • Development Agreement: See documents tab.
    • Guest Facilities: Includes 3 guest facilities.
    • No Reasonable Offer Refused

    Overview

    This entitled land, approved by the city of Nampa, is annexed into the city as BC - Business Commercial. The approved development includes storage units with a restaurant on the corner. The development agreement is available for review in the documents tab.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Nampa
    County
    Canyon
    State
    Idaho
    Longitude
    -116.582466
    Latitude
    43.532714

    Nearby Similar for Sale

    • $780,000
      3,340 SF

      Well-Kept 4-Plex Rental Property

      Well-kept four-unit property with covered and guest parking and in-unit appliances for straightforward residential income management.
      179 4th St. N, Nampa, ID 83687
      View Details
    • $3,265,000
      12,241 SF

      Modern Multifamily Community in Nampa

      Built in 2021, featuring modern one- and three-bedroom units.
      16090 N Merchant Way, Nampa, ID 83687
      View Details
    • $696,500
      3,842 SF

      Spacious Duplex in Prime Location

      Well-maintained duplex with strong rental income potential in Nampa, Idaho.
      1119 10th Ave So., Nampa, ID 83651
      View Details
    • $669,900
      4,320 SF

      Nampa Triplex with Income Potential

      Triplex in Nampa, Idaho, offering income potential and flexibility.
      524 Lake Lowell Ave, Nampa, ID 83686
      View Details
    • $575,000
      2,948 SF

      Two Homes on One Lot

      Two homes, flexibility, income, and long-term value in Nampa.
      219 24th Ave S, Nampa, ID 83651
      View Details
    • $1,325,000
      5,327 SF

      Nampa Multifamily Investment Opportunity

      Two renovated buildings near downtown Nampa with income-generating billboard.
      911 2nd Street S, Nampa, ID 83651
      View Details
    • $545,000
      2,764 SF

      Residential Income Property with ADU

      Remodeled main home plus a 1-bedroom, 1-bath ADU provides two separate living setups on one lot.
      7694 Birch Ln, Nampa, ID 83687
      View Details
    • $835,000
      3,720 SF

      Fourplex Residential Income Property

      Well-maintained fourplex with covered parking, upgraded interiors, and unit appliances including in-unit laundry.
      16953 N Pamela's Loop, Nampa, ID 83651
      View Details
    • $3,500,000
      7,950 SF

      Industrial Warehouse with I-84 Visibility

      Fully fenced industrial facility with prominent I-84 signage and strong access to Exit 38 and nearby Nampa demand.
      3828 E Flamingo, Nampa, ID 83687
      View Details
    • $479,980
      1,844 SF

      Turn-Key Duplex with Private Garages

      Meticulously maintained duplex with two 2-bedroom units, private laundry, and separate garage space on a corner lot.
      2110/2112 S Juniper St, Nampa, ID 83686
      View Details
    • $415,000
      2,320 SF

      Nampa Multifamily Investment Opportunity

      Multifamily property near university with recent improvements and detached garage.
      119 S Holly Street, Nampa, ID 83686
      View Details
    • $675,000
      2,928 SF

      Nampa Fourplex Near NNU

      Fourplex near Northwest Nazarene University with income potential.
      412 15th Ave S, Nampa, ID 83651
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approved land for storage units and restaurant in Nampa.
    Where is this commercial land located?
    The property is located at Locust Ln Nampa, ID.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: Entitled Land: Approved for development.; City of Nampa Approval: Approved storage units with restaurant.; Annexed into City of Nampa: Zoned BC - Business Commercial.
    (208) 336-3393
    We can help!
    Listing Contact
    Coldwell Banker Tomlinson
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Locust Ln, Nampa, ID 83686
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!