3402 Franklin Rd Caldwell, ID 83605-6932
Property Lookup
Property profile & analytics
3402 Franklin Rd Caldwell, ID 83605-6932
- Commercial real estate
- 48,697 SF
- 5.73 lot acres
Property ID
US27-0202953
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.
Location Intelligence
Current Use by Public Records
- Idaho Department of Health and Welfare / State Government Office / Social Services Organization
- Region 3 Mental Health Center / Public Health Department
- Developmental Disabilities / Association / Organization
- Food Stamps Department / Social Service Agency / Charitable Organization
Property Details for 3402 Franklin Rd
- Year built
- 1998
- Lot size
- 5.73 lot acres
- Property size
- 48,697 SF
- Property type
- Commercial real estate
- APN
- 35308302 0
- APU
- 353083020
Description
This single-tenant, 47,626 square-foot Class B medical office building in Caldwell, Idaho presents a compelling investment opportunity. Located at 3402 Franklin Road, this property boasts a 100% occupancy rate with a long-term lease to the Idaho Department of Health and Welfare, providing exceptional stability and a strong 7.38% cap rate. Built in 2001 and renovated in 2018, the building sits on a 5.73-acre lot and generates a substantial net operating income (NOI) of $492,366. The property's strategic location in the rapidly growing Boise metropolitan area, coupled with the strength of its tenant and the high demand for medical office space, ensures a secure and potentially lucrative investment. The asking price is $6,675,000, translating to $140.15 per square foot. The land value is estimated at $28-$30 per square foot. The property features a gross lease, single tenancy, and is zoned for commercial use. This is a rare opportunity to acquire a high-performing asset in a thriving market. The property includes over 250 parking spaces.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,080,000
- 6.5%
- $9,305,000
- 7%
- $8,640,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,785,000
Market price range: $2.10M - $7.78M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Caldwell
- County
- Canyon
- State
- Idaho
- Longitude
- -116.657
- Latitude
- 43.6617
- CBSA code
- 14260
- CBSA name
- BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$66,949
$3,008,650
$5,861,800
$8,870,450
-
$3,008,650
$5,861,800
$8,870,450
