385 1 St, Notus, ID 83656
This exceptional commercial property, situated in the heart of Notus, Idaho, presents a unique investment opportunity. The 6,068 square foot building boasts a classic brick/stucco exterior and is strategically divided into three distinct commercial spaces currently occupied by the City Library, City Community Center, and the U.S. Post Office. This established tenancy provides immediate and consistent income streams. Adding to its versatility, the property also includes two residential apartments located at the rear, further enhancing its revenue-generating potential. The main building sits on a 0.28-acre lot, and an additional 0.103-acre lot directly adjacent to the south is included in the sale, offering expansion possibilities or additional parking. The property's prime downtown location ensures high visibility and accessibility, making it an ideal investment for a savvy buyer seeking a diversified income portfolio. The existing tenants provide a stable foundation, while the multiple uses and additional land offer significant room for growth and future development. All information should be independently verified by the buyer.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.