Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    203 Hannibal St Caldwell, ID 83605

    • Manufacturing properties
    • 4,624 SF
    • 0.23 lot acres
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US27-0098638
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 203 Hannibal St

    Year built
    2024
    Lot size
    0.23 lot acres
    Property size
    4,624 SF
    Property type
    Manufacturing properties
    Property subtype
    Distribution centers
    APN
    R0208101100

    Description

    This exceptional Class A industrial warehouse, located at 203 Hannibal Street in Caldwell, Idaho, presents a compelling investment opportunity. The 4,624-square-foot single-tenant building, constructed in 2024, boasts a 20-foot ceiling height and a clear span design, providing ample space for various industrial uses. Situated on a 0.23-acre lot, the property is zoned C-3, allowing for a range of commercial and industrial activities. The building features three-phase power, enhancing its suitability for a variety of manufacturing, distribution, or warehouse operations. With no loading docks or dock-high doors, the property's configuration offers flexibility for potential tenant improvements and customization. The asking price is $1,125,000, translating to $243.30 per square foot. Its convenient location in Caldwell, near I-84, major highways, and the Union Pacific Railroad, provides excellent access to transportation networks and the broader Boise Metropolitan area. This property offers a strong return on investment in a thriving business environment. The Canyon County location benefits from a motivated workforce and a lower cost of living compared to the national average, making it an attractive location for businesses seeking growth and success. The property's Asset Property Number (APN) is R0208101100.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Caldwell
    County
    Canyon
    State
    Idaho
    Longitude
    -116.6850165
    Latitude
    43.6761991

    Comparable in this City

    • $6,500,000
      59,252 SF

      Caldwell Industrial Property

      59,252 SF Warehouse, Owner-User
      1 Idea Way, Caldwell, ID 83605
      View Details
    • $1,200,000
      4,960 SF

      Caldwell Industrial Warehouse

      4,960 SF Warehouse, Vacant, $1.2M
      215 Hannibal St, Caldwell, ID 83605
      View Details
    • $3,399,000
      23,652 SF

      Iconic Caldwell Industrial Building

      Prime Downtown Location, 23,652 SF
      401 Main St, Caldwell, ID 83605
      View Details
    • Contact for pricing
      14,880 SF

      Sky Ranch Logistics Warehouse Space

      Modern Caldwell Warehouse, 14,880-59,520 SF
      4315 Skwy St, Caldwell, ID 83605
      View Details
    • Contact for pricing
      56,160 SF

      Sky Ranch Logistics Warehouse Space

      Modern Caldwell Warehouse, I-84 Access
      1220 Smeed Pkwy, Caldwell, ID 83605
      View Details
    • Contact for pricing
      42,940 SF

      Industrial Property Near I-84

      Industrial/distribution property with office, restroom, and freeway access.
      3902 Muller Dr, Caldwell, ID 83605
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4,960 SF

      Caldwell Industrial Warehouse

      4,960 SF Warehouse, Vacant, $1.2M
      215 Hannibal St, Caldwell, ID 83605
      View Details
    • $6,500,000
      59,252 SF

      Caldwell Industrial Property

      59,252 SF Warehouse, Owner-User
      1 Idea Way, Caldwell, ID 83605
      View Details
    • $3,399,000
      23,652 SF

      Iconic Caldwell Industrial Building

      Prime Downtown Location, 23,652 SF
      401 Main St, Caldwell, ID 83605
      View Details
    • Contact for pricing
      14,880 SF

      Sky Ranch Logistics Warehouse Space

      Modern Caldwell Warehouse, 14,880-59,520 SF
      4315 Skwy St, Caldwell, ID 83605
      View Details
    • Contact for pricing
      56,160 SF

      Sky Ranch Logistics Warehouse Space

      Modern Caldwell Warehouse, I-84 Access
      1220 Smeed Pkwy, Caldwell, ID 83605
      View Details
    • Contact for pricing
      42,940 SF

      Industrial Property Near I-84

      Industrial/distribution property with office, restroom, and freeway access.
      3902 Muller Dr, Caldwell, ID 83605
      View Details

    Similar Nearby for Lease

    • $1.25 SF/Yr
      42,940 SF

      North Ranch Industrial Warehouse Space

      Caldwell, ID: Modern warehouse units available.
      3902 Muller Dr, Caldwell, ID 83605
      View Details
    • Contact for pricing

      Modern Cross-Dock Facility Available

      State-of-the-art industrial space for sublease in Sky Ranch.
      1906 Smeed Pkwy, Caldwell, ID 83605
      View Details
    • Contact for pricing
      5,000 SF

      Sky Ranch Warehouse Space Available

      Modern Warehouse, 2,500-5,000 SF
      1322 Lauren Ln, Caldwell, ID 83605
      View Details
    • Contact for pricing
      336,960 SF

      Sky Ranch Logistics Warehouse

      Caldwell, ID: Modern Warehouse Space
      1220 Smeed Pkwy, Caldwell, ID 83605
      View Details
    • $1.20 SF/Yr
      14,366 SF

      New Caldwell Warehouse with Mezzanine

      Newly constructed warehouse with mezzanine, available for immediate lease.
      519 Millennium Park Ln, Caldwell, ID 83605
      View Details
    • $103,435
      7,183 SF

      New Industrial Building in Caldwell

      New industrial building with modern office and expansive shop area.
      412 Millenium Park Ln, Caldwell, ID 83605
      View Details
    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.
    203 Hannibal St
    Caldwell, ID 83605
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.