TREASURE VALLEY TECH CENTER CT REAL ESTATE, LLC 1078 N. PLUMMER RD STAR, ID 83669 DEVELOPMENT LAND PENDING JOHN STARR 208 472 2838 john.starr@colliers.com JIMMY ROUMANIS 208 472 2840 jimmy.roumanis@colliers.com COLLIERS INTERNATIONAL P. 1
PROPERTY PROFILE Address 1078 N. Plummer Road Star, ID 83669 Size ±77.55 Acres Price $5,200,000 Zoning R-3 Annexed City of Star, Idaho Frontage 1,320 Floating Feather Road 2,640 Plummer Road ±2222 Pollard Road Directions Topography From State Highway 44/State Street in Star, proceed north ½ mile to property on east side of Plummer Road. Property lies at the southeast corner of Plummer and Floating Feather Roads. Level to sloping with live year-round stream Property Highlights Annexed and Zoned (R-3) to the City of Star Ready for preliminary plat application City Services and utilities available in adjacent streets Year-Round water way traverses property Access to downtown Star and major transportation corridors Convenient access to primary Treasure Valley employment Centers West Ada School District No apparent floodplain on FEMA maps COLLIERS INTERNATIONAL P. 2
Property Overview The 1078 North Plummer Road Property in Star, Idaho is a rare opportunity to purchase a prime residential development property in Ada County, Idaho. Level to sloping topography, year-round water ways, great county road frontage and access to State Highway 44 all add up to an attractive and accessible location and opportunity. The Property is currently annexed to the City of Star and is zoned R3, Medium Low Density Residential. The gross density is expected to be 3 dwelling units per acre. For example an 80 acre parcel would expect to have no more than 240 dwelling units. City Services are stubbed to, and adjacent to, the property in a number of locations. SEWER: Eight inch sewer is stubbed into the south portion of the property at 3 locations. Manholes in Plummer Road bordering the north portion of the Property can be accessed by saw cuts. WATER: Municipal Water is available both in Plummer and Floating Feather Roads bordering the property. Water is 950 stubbed to the property from the neighboring project to the south. GAS: Gas is stubbed to the property from the neighboring project to the south. Star is one of the most desirable locations in Ada County for accessible and well-priced homes with current new homes selling at the Ada County Median New Home Price. Star currently has about 8% of the Ada County market with 142 homes sold in the past twelve months at a median price of $302,450. Even with this growth, Star continues to enjoy a small-town atmosphere. Star continues to be a progressive area with the recent completion of the State Highway 16 Boise River Bridge Crossing providing better interconnection to the east-west US Highway 20/26 corridor in addition to the growing Northwest Meridian and North Nampa areas. Other regional developments include the new Ten Mile Road Exit from Interstate 84 and the on-going development at the Linder/US 20/26 intersection, both in Meridian; as well as the on-going development around the Idaho Center/College of Western Idaho in North Nampa and the Commercial Industrial Development on US 20/26 in East Caldwell. Star has plans in the works for a regional, river-front park just one mile from the property. River Birch (public) Golf Course is just one mile north of the property. The new West Ada District middle school site in Star is just ¾ mile north of the property. Star City Hall, Star Café, Star Merc, Star Library and the Star Senior Center are all nearby as well. COLLIERS INTERNATIONAL P. 3
Investment Summary 1078 N. Plummer Road is ±80 acres of undeveloped land annexed to the City of Star, in Ada County, Idaho. The property is zoned R-3 which should allow up to three dwelling units per gross acre. It is in an area of active and successful residential developments. The property is a clean canvas for a developer to execute his/her own vision and the City of Star looks forward to further submittal on the Property. In the meantime, the property is a well maintained, irrigated farm with a long term tenant occupying, maintaining, and operating the irrigation and farm fields. The asking price is $5,200,000. It is offered on an as-is, where-is basis. The owners of this Property have engaged Colliers International in Boise, Idaho to market and sell the entire property. A complete due diligence package can be obtained by contacting John Starr and Jimmy Roumanis. Offered Exclusively By John Starr Land Services 208 472 2838 john.starr@colliers.com Jimmy Roumanis Land Services 208 472 2840 jimmy.roumanis@colliers.com Colliers International 755 W. Front St. Suite 300 Boise, Idaho 83702 COLLIERS INTERNATIONAL P. 4
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Demographics 1078 N Plummer Rd, Star, ID 1 Mile 3 Miles 5 Miles Population 2013 Estimated Population 3,173 11,049 28,541 2018 Projected Population 3,718 14,333 34,372 Households 2015 Total Households 1,089 3,771 8,930 2010-2015 Annual Rate 4.42% 6.06% 4.22% Income 2015 Average Household Income $79,535 $82,737 $97,810 2015 Median Household Income $65,174 $66,434 $70,576 Area Overview STAR, IDAHO The small, picturesque community of Star lies just 16 miles northwest of Boise. Its ideal location provides residents peaceful county living with easy access to big city amenities. Locals highlight Star s low cost of living, low crime rates and abundant outdoor recreation as reasons to fall in love with this little town. Fishing, hiking, skiing and countless other activities abound year-round. Cradled between the Boise foothills and the Owyhee mountain range, striking views of agricultural plains framed by rolling backdrops are constant reminders of the town s modest beginnings. And with a population that hovers around 6,000, Star maintains its rural charisma and friendly, close-knit charm. While Star remains an authentic farming community, numerous employment opportunities are readily available due to the diversity and growth of the surrounding Treasure Valley. Predictions by Sperling s data analyzation shows the trend will only continue, forecasting future job growth to rise 40.80% over the next ten years. COLLIERS INTERNATIONAL P. 6
New Construction Statistics Area Solds % of Market Median Price Months of Suppy SF Price per SF Ada County 1765 100% $304,900 5.9 2,347 $141 900, Eagle 297 16.8% $424,900 4.6 2,793 $160 1030, NW Meridian 281 15.9% $314,000 6.2 2,422 $132 1000, SE Meridian 178 10.1% $326,604 6.2 2,421 $135 550, SW Boise/Meridian 152 8.6% $247,700 8.4 2,122 $127 950, Star 142 8.0% $302,450 3.6 2,359 $130 1020, NE Meridian 128 7.3% $262,990 6.9 2,093 $136 200, NE Boise 110 6.2% $379,637 7.1 2,459 $165 800, NW Boise 99 5.6% $283,261 2.8 2,149 $142 300, SE Boise 89 5.0% $292,272 4.0 2,199 $137 1100, Kuna 69 3.9% $203,000 14.4 2,087 $106 600, West Boise 49 2.8% $172,000 1.7 1,507 $118 1010, SW Meridian 43 2.4% $327,764 6.7 2,707 $127 650, W Boise/Garden City 36 2.0% $195,013 3.7 1,886 $122 400, Bench 28 1.6% $218,750 3.0 1,855 $183 100, N Boise 24 1.4% $461,160 8.5 2,811 $186 500, S Boise 22 1.2% $285,000 7.1 2,048 $132 700, Garden City 18 1.0% $184,898 5.3 1,655 $145 Median Sale Price Per Area Ada County Median $304,900 900, Eagle $424,900 1030, NW Meridian $314,000 1000, SE Meridian $326,604 550, SW Boise/Meridian $247,700 950, Star $302,450 1020, NE Meridian $262,990 200, NE Boise $379,637 800, NW Boise $283,261 300, SE Boise $292,272 1100, Kuna $203,000 600, West Boise $172,000 1010, SW Meridian $327,764 650, W Boise/Garden City $195,013 400, Bench $218,750 100, N Boise $461,160 500, S Boise $285,000 700, Garden City $184,898 Source: Group One via Intermountain MLS Percentage of Ada County Market 4% 3% 2% 1%1% 1% 2% 2% 5% 6% 6% 7% 8% 17% 9% Source: Group One via Intermountain MLS 16% 900, Eagle 1030, NW Meridian 1000, SE Meridian 550, SW Boise/Meridian 950, Star 1020, NE Meridian 200, NE Boise 800, NW Boise 300, SE Boise 1100, Kuna 600, West Boise 1010, SW Meridian 650, W Boise/Garden City 10% 400, Bench 100, N Boise 500, S Boise 700, Garden City COLLIERS INTERNATIONAL P. 7
Colliers International Idaho John Starr Land Services 208 472 2838 john.starr@colliers.com Jimmy Roumanis Land Services 208 472 2840 jimmy.roumanis@colliers.com Colliers International Boise 755 W Front Street, Suite 300 Boise, Idaho 83702 208 345 9000 www.colliers.com/boise Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2015. All rights reserved subject to change or withdrawal without notice.