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412 S King Ave 6,000 SF 100% Leased Retail Building Middleton, ID 83644 $1,856,196 CAD ($309.37 CAD/SF) 6.02% Cap Rate
Investment Highlights
- Below market rents allow for investment growth at lease renewal
- Located in the growing Middleton market with strong surrounding residential growth
- Mixed-Use zoning allows for a variety of retail, office, and service-oriented uses
- ±6,000 SF two-tenant retail/office building in Middleton Marketplace
- Frontage along S King Avenue with convenient access to Highway 44
- Positioned near established retailers and daily-needs businesses within Middleton Marketplace
Executive Summary
This ±6,000 SF two-tenant retail/office building within Middleton Marketplace in Middleton presents an investment opportunity with below-market rental rates. Located in one of the Treasure Valley’s growing markets, the property benefits from strong visibility, convenient access to Highway 44, and proximity to established retailers and daily-needs businesses. Mixed-Use zoning allows for a variety of retail, office, and service-oriented uses, while nearby highway connections provide easy access to Boise, Star, Caldwell, and the greater Treasure Valley.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,000 SF
Building Class
C
Year Built
2006
Price
$1,856,196 CAD
Price Per SF
$309.37 CAD
Cap Rate
6.02%
NOI
$111,770 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.20 AC
Zoning
MU-Mixed Use
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
460’ on S King Ave
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1849910400 | Improvements Assessment | $1,245,920 CAD |
| Land Assessment | $179,089 CAD | Total Assessment | $1,425,008 CAD |
Property Taxes
Parcel Number
1849910400
Land Assessment
$179,089 CAD
Improvements Assessment
$1,245,920 CAD
Total Assessment
$1,425,008 CAD
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412 S King Ave
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