for sale & lease jerome commercial building...for sale & lease executive summary 201-299 1st...

Jerome Commercial Building 229 1st Avenue East, Jerome, Idaho 83338

Dave Winder, CCIMDirectorInvestment/Land Specialist +1 208 287 9498 [email protected]

Rhonda Garland, CCIMDirectorInvestment/Land Specialist +1 208 287 8905 [email protected]

398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com

Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

FOR SALE & LEASE

Listing Features

• Originally Built as a Safeway Grocery Store

• Converted to Office, Longtime Location of the Idaho

Department of Health & Welfare

• Fire Suppression System Throughout

• 68 On-Site Parking Stalls as well as Street Parking

• Building Includes 798 SF Mezzanine Area

• Multiple Entries Around Building

• Current Zoning Allows for a Variety of Business,

Public, Quasi-public, Cultural, Residential and Other

Related Uses

Property Highlights

Sale Price $750,000

Lease Rate $5,500/Month NNN

Available 12,500 SF

Lease Term 5 Year Minimum

Lot Size 0.86 Acres

Zoning Commercial Business District

Year Built 1952

Parcel Number RPJ1370078005A

Showing Instructions By Appointment Only

PRIME REDEVELOPMENT OPPORTUNITY

Matt Naumann, MBAAssociate Investment/Land Specialist +1 208 287 8437 [email protected]

SITE

EXIT44

EXIT165

84




FOR SALE & LEASE




FOR SALE & LEASE

Valley Country Store

La Ideal Bakery

Jerome Cheese Co

Supercenter

La Campesina Restaurante &

Market

JEROME COUNTY FAIRGROUNDS JEROME HIGH

SCHOOL

JEFFERSON ELEMENTARY

SCHOOL

84

84

EXIT44

EXIT165

EXIT44

EXIT168

79

79

25

LIBRARY

1st Ave E

LIBRARY

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FOR SALE & LEASE

Executive Summary201-299 1st Ave E, Jerome, Idaho, 83338 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 42.72511

Longitude: -114.51602

1 mile 3 miles 5 milesPopulation

2000 Population 7,175 9,620 12,4792010 Population 9,040 12,497 15,9752017 Population 9,376 13,068 16,5642022 Population 9,607 13,421 16,9572000-2010 Annual Rate 2.34% 2.65% 2.50%2010-2017 Annual Rate 0.50% 0.62% 0.50%2017-2022 Annual Rate 0.49% 0.53% 0.47%2017 Male Population 50.6% 50.7% 50.8%2017 Female Population 49.4% 49.3% 49.2%2017 Median Age 31.1 31.2 31.9

In the identified area, the current year population is 16,564. In 2010, the Census count in the area was 15,975. The rate of change since 2010 was 0.50% annually. The five-year projection for the population in the area is 16,957 representing a change of 0.47% annually from 2017 to 2022. Currently, the population is 50.8% male and 49.2% female.

Median Age

The median age in this area is 31.1, compared to U.S. median age of 38.2.Race and Ethnicity

2017 White Alone 73.8% 75.2% 75.7%2017 Black Alone 0.7% 0.6% 0.6%2017 American Indian/Alaska Native Alone 1.8% 1.6% 1.4%2017 Asian Alone 0.7% 0.7% 0.6%2017 Pacific Islander Alone 0.1% 0.1% 0.1%2017 Other Race 20.2% 19.1% 18.8%2017 Two or More Races 2.7% 2.7% 2.7%2017 Hispanic Origin (Any Race) 39.9% 38.8% 38.2%

Persons of Hispanic origin represent 38.2% of the population in the identified area compared to 18.1% of the U.S. population. Persons of Hispanic Origin may be of any race. The Diversity Index, which measures the probability that two people from the same area will be from different race/ethnic groups, is 69.7 in the identified area, compared to 64.0 for the U.S. as a whole.

Households2000 Households 2,562 3,405 4,3122010 Households 3,063 4,214 5,3092017 Total Households 3,156 4,378 5,4772022 Total Households 3,226 4,486 5,5962000-2010 Annual Rate 1.80% 2.15% 2.10%2010-2017 Annual Rate 0.41% 0.53% 0.43%2017-2022 Annual Rate 0.44% 0.49% 0.43%2017 Average Household Size 2.94 2.96 3.01

The household count in this area has changed from 5,309 in 2010 to 5,477 in the current year, a change of 0.43% annually. The five-year projection of households is 5,596, a change of 0.43% annually from the current year total. Average household size is currently 3.01, compared to 2.99 in the year 2010. The number of families in the current year is 4,036 in the specified area.

Data Note: Income is expressed in current dollarsSource: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.

May 03, 2018

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1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $36,276 $37,899 $39,1202022 Median Household Income $37,335 $39,310 $40,9242017-2022 Annual Rate 0.58% 0.73% 0.91%

Average Household Income

2017 Average Household Income $47,507 $49,733 $51,4632022 Average Household Income $52,740 $55,450 $57,5842017-2022 Annual Rate 2.11% 2.20% 2.27%

Per Capita Income2017 Per Capita Income $16,371 $16,780 $17,2172022 Per Capita Income $18,119 $18,653 $19,2182017-2022 Annual Rate 2.05% 2.14% 2.22%

Households by IncomeCurrent median household income is $39,120 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $40,924 in five years, compared to $62,316 for all U.S. households

Current average household income is $51,463 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $57,584 in five years, compared to $91,585 for all U.S. households

Current per capita income is $17,217 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $19,218 in five years, compared to $34,828 for all U.S. households Housing

2000 Total Housing Units 2,725 3,613 4,5722000 Owner Occupied Housing Units 1,706 2,391 3,0712000 Renter Occupied Housing Units 856 1,014 1,2402000 Vacant Housing Units 163 208 261

2010 Total Housing Units 3,311 4,540 5,7002010 Owner Occupied Housing Units 1,855 2,696 3,4822010 Renter Occupied Housing Units 1,208 1,518 1,8272010 Vacant Housing Units 248 326 391



Currently, 59.5% of the 5,902 housing units in the area are owner occupied; 33.3%, renter occupied; and 7.2% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 5,700 housing units in the area - 61.1% owner occupied, 32.1% renter occupied, and 6.9% vacant. The annual rate of change in housing units since 2010 is 1.56%. Median home value in the area is $144,301, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 4.16% annually to $176,899.


May 03, 2018




1 mile 3 miles 5 milesMedian Household Income

2017 Median Household Income $36,276 $37,899 $39,1202022 Median Household Income $37,335 $39,310 $40,9242017-2022 Annual Rate 0.58% 0.73% 0.91%

Average Household Income

2017 Average Household Income $47,507 $49,733 $51,4632022 Average Household Income $52,740 $55,450 $57,5842017-2022 Annual Rate 2.11% 2.20% 2.27%

Per Capita Income2017 Per Capita Income $16,371 $16,780 $17,2172022 Per Capita Income $18,119 $18,653 $19,2182017-2022 Annual Rate 2.05% 2.14% 2.22%

Households by IncomeCurrent median household income is $39,120 in the area, compared to $56,124 for all U.S. households. Median household income is projected to be $40,924 in five years, compared to $62,316 for all U.S. households

Current average household income is $51,463 in this area, compared to $80,675 for all U.S. households. Average household income is projected to be $57,584 in five years, compared to $91,585 for all U.S. households

Current per capita income is $17,217 in the area, compared to the U.S. per capita income of $30,820. The per capita income is projected to be $19,218 in five years, compared to $34,828 for all U.S. households Housing

2000 Total Housing Units 2,725 3,613 4,5722000 Owner Occupied Housing Units 1,706 2,391 3,0712000 Renter Occupied Housing Units 856 1,014 1,2402000 Vacant Housing Units 163 208 261




Currently, 59.5% of the 5,902 housing units in the area are owner occupied; 33.3%, renter occupied; and 7.2% are vacant. Currently, in the U.S., 55.6% of the housing units in the area are owner occupied; 33.1% are renter occupied; and 11.3% are vacant. In 2010, there were 5,700 housing units in the area - 61.1% owner occupied, 32.1% renter occupied, and 6.9% vacant. The annual rate of change in housing units since 2010 is 1.56%. Median home value in the area is $144,301, compared to a median home value of $207,344 for the U.S. In five years, median value is projected to change by 4.16% annually to $176,899.


May 03, 2018


Business Summary201-299 1st Ave E, Jerome, Idaho, 83338 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 42.72511

Longitude: -114.51602Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 296 519 592Total Employees: 3,452 6,503 7,345Total Residential Population: 9,376 13,068 16,564Employee/Residential Population Ratio (per 100 Residents) 37 50 44

Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 7 2.4% 57 1.7% 26 5.0% 305 4.7% 37 6.2% 523 7.1%Construction 12 4.1% 52 1.5% 25 4.8% 120 1.8% 33 5.6% 166 2.3%Manufacturing 7 2.4% 276 8.0% 23 4.4% 937 14.4% 28 4.7% 1,048 14.3%Transportation 11 3.7% 211 6.1% 26 5.0% 503 7.7% 31 5.2% 554 7.5%Communication 1 0.3% 6 0.2% 3 0.6% 19 0.3% 3 0.5% 23 0.3%Utility 3 1.0% 74 2.1% 5 1.0% 112 1.7% 6 1.0% 127 1.7%Wholesale Trade 11 3.7% 94 2.7% 34 6.6% 454 7.0% 44 7.4% 556 7.6%

Retail Trade Summary 48 16.2% 321 9.3% 98 18.9% 875 13.5% 110 18.6% 1,008 13.7%Home Improvement 2 0.7% 6 0.2% 5 1.0% 23 0.4% 7 1.2% 29 0.4%General Merchandise Stores 2 0.7% 14 0.4% 6 1.2% 72 1.1% 7 1.2% 81 1.1%Food Stores 4 1.4% 33 1.0% 7 1.3% 60 0.9% 8 1.4% 63 0.9%Auto Dealers, Gas Stations, Auto Aftermarket 11 3.7% 83 2.4% 28 5.4% 292 4.5% 32 5.4% 369 5.0%Apparel & Accessory Stores 0 0.0% 1 0.0% 2 0.4% 5 0.1% 2 0.3% 5 0.1%Furniture & Home Furnishings 4 1.4% 18 0.5% 7 1.3% 29 0.4% 8 1.4% 32 0.4%Eating & Drinking Places 13 4.4% 113 3.3% 21 4.0% 247 3.8% 23 3.9% 267 3.6%Miscellaneous Retail 12 4.1% 54 1.6% 22 4.2% 148 2.3% 24 4.1% 161 2.2%

Finance, Insurance, Real Estate Summary 22 7.4% 155 4.5% 38 7.3% 313 4.8% 40 6.8% 334 4.5%Banks, Savings & Lending Institutions 5 1.7% 42 1.2% 11 2.1% 64 1.0% 11 1.9% 67 0.9%Securities Brokers 2 0.7% 6 0.2% 3 0.6% 8 0.1% 3 0.5% 8 0.1%Insurance Carriers & Agents 6 2.0% 16 0.5% 11 2.1% 34 0.5% 11 1.9% 37 0.5%Real Estate, Holding, Other Investment Offices 9 3.0% 91 2.6% 14 2.7% 207 3.2% 14 2.4% 223 3.0%

Services Summary 133 44.9% 1,869 54.1% 188 36.2% 2,440 37.5% 201 34.0% 2,555 34.8%Hotels & Lodging 4 1.4% 12 0.3% 6 1.2% 36 0.6% 7 1.2% 54 0.7%Automotive Services 11 3.7% 162 4.7% 20 3.9% 201 3.1% 21 3.5% 219 3.0%Motion Pictures & Amusements 15 5.1% 222 6.4% 23 4.4% 344 5.3% 24 4.1% 356 4.8%Health Services 23 7.8% 692 20.0% 27 5.2% 771 11.9% 28 4.7% 776 10.6%Legal Services 3 1.0% 15 0.4% 3 0.6% 15 0.2% 3 0.5% 15 0.2%Education Institutions & Libraries 9 3.0% 391 11.3% 12 2.3% 521 8.0% 13 2.2% 537 7.3%Other Services 68 23.0% 374 10.8% 98 18.9% 552 8.5% 105 17.7% 599 8.2%

Government 33 11.1% 339 9.8% 43 8.3% 425 6.5% 45 7.6% 450 6.1%

Unclassified Establishments 8 2.7% 0 0.0% 12 2.3% 0 0.0% 14 2.4% 0 0.0%

Totals 296 100.0% 3,452 100.0% 519 100.0% 6,503 100.0% 592 100.0% 7,345 100.0%

Source: Copyright 2017 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2017.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.

May 03, 2018








Government 33 11.1% 339 9.8% 43 8.3% 425 6.5% 45 7.6% 450 6.1%


Totals 296 100.0% 3,452 100.0% 519 100.0% 6,503 100.0% 592 100.0% 7,345 100.0%


May 03, 2018








Government 33 11.1% 339 9.8% 43 8.3% 425 6.5% 45 7.6% 450 6.1%


Totals 296 100.0% 3,452 100.0% 519 100.0% 6,503 100.0% 592 100.0% 7,345 100.0%


May 03, 2018








Government 33 11.1% 339 9.8% 43 8.3% 425 6.5% 45 7.6% 450 6.1%


Totals 296 100.0% 3,452 100.0% 519 100.0% 6,503 100.0% 592 100.0% 7,345 100.0%


May 03, 2018


- LOCATED IN A DEVELOPED AREA IN JEROME -In the identified area, the current year population is 16,564. In 2010, the Census count in the area was 15,975. The rate of change since 2010 was 0.50% annually. The five-year projection for the population in the area is 16,957 representing a change of 0.47% annually from 2017 to 2022.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022. Esri converted Census 2000 data into 2010 geography.



Dave Winder, CCIMDirectorInvestment/Land Specialist +1 208 287 9498 [email protected]

Rhonda Garland, CCIMDirectorInvestment/Land Specialist +1 208 287 8905 [email protected]

Matt Naumann, MBAAssociate Investment/Land Specialist +1 208 287 8437 [email protected]

398 South 9th Street, Ste 260 Boise, Idaho 83702Main +1 208 287 9500 Fax +1 208 287 9501paccra.com

Site Map201-299 1st Ave E, Jerome, Idaho, 83338 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 42.72511


May 03, 2018


for sale & lease jerome commercial building...for sale & lease executive summary 201-299 1st...

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