Property profile

10937 State St Star, ID 83669

OFF-MARKET
Commercial real estate
Property ID
US27-0193991
1,924 SF 0.12 ac lot Built 1936
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving bar and two attached apartments situated on a combined 0.16-acre lot in the desirable Star, Idaho location, at 10937 W State Street. The main property, offered at $590,000, includes a well-established bar and one convenient apartment, ideal for owner occupancy or rental income. This presents a strong foundation for immediate cash flow. A second apartment is available for an additional $100,000, providing further potential for rental income or expansion. The property is comprised of two separate parcels, offering flexibility for future development or individual sale. Purchasing both parcels together provides a significant discount, with a combined price of $675,000. This presents a unique chance to acquire a turnkey business with substantial upside potential in a growing market. The property's location offers excellent visibility and accessibility, ensuring strong customer traffic for the bar and high demand for the rental units. The square footage is not currently specified, but the property's size and configuration offer ample space for both the commercial and residential components. This is a rare opportunity to own a profitable business and rental properties in a single, convenient location. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Financial details and property specifics are available upon request.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1936
Total area 1,924 SF
Lot 0.12 ac (5,053 SF)
Zoning code CBD
APN R4239262510
UPID US27-0193991

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bar & Pub

Location

10937 State St Star, ID 83669-6179
Star metro Census 10228 BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

CBD · Star, ID
Zoning description

The purpose of zoning district is to provide for commercial, retail, civic, office, and entertainment uses. Residential uses, including higher densities may be allowed on the upper floors of multiple use buildings and ma…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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