Technical
Financial
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Property profile

16245 Norco Way Nampa, ID 83687

OFF-MARKET
Warehouses
Property ID
US27-0520157
75,000 SF 7.46 ac lot Built 2023
Entity Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional Class A industrial property in Nampa, Idaho, offers a compelling investment opportunity. The 75,000-square-foot warehouse and manufacturing facility, built in 2023, sits on a 7.46-acre lot and boasts 100% occupancy with two stable tenants: Irby Electric and Coast Aluminum, Inc. The building features 4,000 square feet of office space, 76 parking spaces, and 3 acres of fenced, compacted, and lit yard space. Loading is convenient with 3 dock-high doors and 3 grade-level doors, a 120-foot truck court depth, and 24-foot clear ceiling height. The property includes ESFR sprinklers and is zoned I-l, Light Industrial. Its strategic location just off I-84, with easy access to Exit 35, places it near major industrial users and provides excellent visibility. Current rents are approximately 10% below market, presenting significant upside potential for the investor. This premier-quality building, with its thoughtful design and prime location, represents a sound, long-term asset. The property's features include a 12' x 14' grade-level door (Irby) and two 24' x 16' grade-level doors (Coast). The building's proximity to Nampa's retail and service businesses further enhances its appeal. This is a rare opportunity to acquire a high-quality, fully occupied industrial asset with substantial future growth potential.

Property profile

Verified
Property type Warehouses
Year built 2023
Total area 75,000 SF
Lot 7.46 ac (324,958 SF)
UPID US27-0520157

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
  • Building Supply Electrical Service
  • Building Supply Mill

Location

16245 Norco Way Nampa, ID 83687
Nampa metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2018
3 recorded transactions
2023
Price N/A
2018
Price N/A
2018
Price N/A

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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