3402 Franklin RdCaldwell, ID 83605

Property Details for 3402 Franklin Rd

Year built

1998

Lot size

5.73 AC

Property size (Sq ft)

48,697 SF

Property type

Other 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.

• Alternative Use

  Use

  Valuation

  Residential

  $11,357,830

  Hospitality

  $10,403,711

  Educational

  $8,655,766

  Medical

  $8,953,451

  Retail

  $13,464,524

Location Insight

City

Caldwell

County

Canyon

State

Idaho

Latitude

43.6617

Longitude

-116.657

CBSA code

14260

CBSA name

BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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