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507 S Main St 4,740 SF 100% Leased Office Building Hailey, ID 83333 $2,995,000 ($631.86/SF) 6.20% Cap Rate
Executive Summary
Well located Main Street commercial property with great visibility and a long-term tenant. Six years left on current lease with Sterling Urgent Care. One 5-year option to extend. 6.2% CAP. Annual rent: $187,884 with annual increases. Building totally remodeled in 2018. The building has surface parking and sits on Main Street with car counts averaging well over 10,000/day.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
4,740 SF
Building Class
C
Year Built/Renovated
1991/2018
Price
$2,995,000
Price Per SF
$631.86
Cap Rate
6.20%
NOI
$185,690
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,740 SF
Building FAR
0.44
Lot Size
0.25 AC
Zoning
Business
Amenities
- Signage
1 1
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | RPH0000-008-003A | Improvements Assessment | $1,021,459 |
| Land Assessment | $632,484 | Total Assessment | $1,653,943 |
Property Taxes
Parcel Number
RPH0000-008-003A
Land Assessment
$632,484
Improvements Assessment
$1,021,459
Total Assessment
$1,653,943
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507 S Main St
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