9858 State St Star, ID 83669-5210
- Commercial real estate
- 1,151 SF
- 0.03 lot acres
Current Use by Public Records
- Owyhee Family Medicine / Family Practice Physician
Property Details for 9858 State St
- Year built
- 2004
- Lot size
- 0.03 lot acres
- Property size
- 1,151 SF
- Zone code
- MU
- Property type
- Commercial real estate
- APN
- R2518730070
- APU
- R2518730070
Description
This exceptional Class A retail condo in Star, Idaho presents a compelling investment opportunity. Located at 9858 W State St, this 2,500 square foot storefront boasts a strong 6.47% cap rate, generating a net operating income (NOI) of $38,800. Currently 100% occupied under a single, three-year lease commencing April 1, 2024, and expiring March 31, 2027, this property offers immediate cash flow. The building, constructed in 2006 and renovated in 2018, features clean and high-quality finishes, suitable for a variety of retail uses. The property includes 10 parking spaces and sits on a 2,500 square foot lot zoned C-2. The lease includes a 3% annual rent bump, ensuring future income growth. This stabilized investment, offered as a condo sale with a leaseback, provides a secure and attractive return. The property's prime location in Ada County, Idaho, further enhances its investment potential. This is a rare opportunity to acquire a high-performing retail property with a proven track record.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Star
- County
- Ada
- State
- Idaho
- Longitude
- -116.476
- Latitude
- 43.692
- CBSA code
- 14260
- CBSA name
- BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA
