507 45th St Garden City, ID 83714-4818
- Commercial real estate
- 13,008 SF
- 1.29 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 507 45th St
- Year built
- 1960
- Lot size
- 1.29 lot acres
- Property size
- 13,008 SF
- Zone code
- C-2
- Property type
- Commercial real estate
- APN
- R2734522225
- APU
- R2734522225
Description
This exceptional 13,700-square-foot industrial building in Garden City, Idaho, presents a compelling investment opportunity. Located at 507 E 45th St., 83714, this single-story, multi-tenant property boasts a prime location and is currently 100% occupied, generating strong cash flow. The building features approximately 4,116 square feet of remodeled office space, divided into three individual suites, each with shared access to a large, updated kitchen/breakroom and modern bathrooms. The remaining 9,584 square feet comprises a clean warehouse space with multiple roll-up doors and small, built-out offices, all recently renovated. Significant upgrades in the last four years, exceeding $1 million, include a complete overhaul of the HVAC system (five units replaced or rebuilt), installation of new LED lighting (resulting in substantial energy savings), and a refreshed exterior with new landscaping, curbing, irrigation, and fencing. The property also includes a 30-space parking lot, a separately leased approximately 20,000 square foot contractor's yard, and a 232-square-foot outbuilding with a roll-up door, power, and a bathroom. The building is zoned C-2 and benefits from a full fire suppression system. This property is ideal for both owner-users and investors seeking a high-return asset in a rapidly developing area. The asking price is $3,600,000, representing a price per square foot of $262.77.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $475,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $867,000
Market price range: $584k - $2.36M
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Location Insight
- Map
- Local Demand
- City
- Garden City
- County
- Ada
- State
- Idaho
- Longitude
- -116.25
- Latitude
- 43.6391
- CBSA code
- 14260
- CBSA name
- BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA