Flexible Office Suite with Bonus
1010 W Hays St Boise, ID 83702
1010 W Hays St, Boise, ID, 83702
$725,000
For Sale
$725,000
MULTI_FAMILY - Boise, ID
Property Size1,720 SF
Lot Size0.14 Acres
Price / SF$421.51
Days on Market261
Property Features for 1010 W Hays St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
- Parking
- 3
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- R1013005420
- Size
- 1,720 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See Exhibit A
- Tax Annual Amount
- 5369
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Zoned, Central Air, Ductless
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Frame, Stucco
- Roof type
- Composition
Listing Agency
Ralston Group Properties, LLC
(208) 850-7638
420 W Main Street Ste 102, Boise, ID
Listed by
Amy Berryhill · License #SP23329
(208) 890-2069
Added: Oct 29, 2025 Checked: Jul 16 at 11:06 pm
MLS# 98966053
Listing URL
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office suite is laid out with four individual office rooms, 1.5 bathrooms, a lobby area, and a kitchen, plus a bonus room upstairs. The seller has finished the extra room upstairs, creating additional usable space within the existing layout. The space is described as flexible, with possibilities that may include continued office use or conversion to other uses, subject to questions about conversion and historical district requirements with the city.
The property is located in Boise near the edge of downtown and the North End, positioned for convenient access to the city’s downtown and surrounding lifestyle.
As configured, the suite offers dedicated private rooms alongside shared common areas, with an upstairs room that can support expanded operations within the same footprint.
The property is located in Boise near the edge of downtown and the North End, positioned for convenient access to the city’s downtown and surrounding lifestyle.
As configured, the suite offers dedicated private rooms alongside shared common areas, with an upstairs room that can support expanded operations within the same footprint.
Key Highlights
- 4‑room office setup with a flexible floor plan plus a bonus room upstairs
- Includes 1.5 bathrooms and a lobby area, with a kitchen on site
- Heating includes forced air with natural gas; cooling includes central air, ductless, and zoned cooling
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.1k | $21.00 |
| − Vacancy | −$5.1k | −$2.94 |
| EGI | $31.1k | $18.06 |
| − OpEx | −$7.8k | −$4.52 |
| NOI | $23.3k | $13.54 |
1,720 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$332.8K
$291.2K – $388.3K
NOI $23,297 @ 7.0% cap · market cap 3.21%
Second Best
Multifamily LT 5
$296.2K
$259.2K – $345.5K
NOI $20,732 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$475.0K
$415.6K – $554.2K
NOI $33,251 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Avalon Derlacki
Counselor
Restorative Connections Counseling ...
Counselor
Silver Lining Counseling
Crisis Center
Mariella Hogan
Physician
Hays Street Counseling
Counselor
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FAQs
What type of property is this?
Office units - Office suite featuring four rooms, lobby, kitchen, 1.5 bathrooms, and a finished bonus room upstairs.
Where is this office units located?
The property is located at 1010 W Hays St Boise, ID.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 4‑room office setup with a flexible floor plan plus a bonus room upstairs; Includes 1.5 bathrooms and a lobby area, with a kitchen on site; Heating includes forced air with natural gas; cooling includes central air, ductless, and zoned cooling
