For Sale
$995,000
3795 N 33rd St, Boise, ID 83703
Commercial Sale, Boise, ID
Property Size3,256 SF
Lot Size0.22 Acres
Price / SF$305.59
Days on Market10
Property Features for 3795 N 33rd St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R-1C
Bedrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
Parking
5
Lot features
Standard Lot 6000-9999 S F
Directions
From 36th & Hill Rd, E on Hill, N on 33rd to property at corner of Scenic & 33rd
Standard status
Active
APN
R7724000020
Size
3,256 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Lot 5 Blk 1 Scenic Cove Sub
Legal Description
Lot 5 Blk 1 Scenic Cove Sub
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1965
Flooring type
Wood
Building materials
Brick
Roof type
Composition
Listing Agency:
Fathom Realty
(208) 576-4717
Listed By:
Misty Rose · License #28445
(208) 867-6245
Added: Aug 19
Changed: Aug 25
Last Checked: Aug 28 at 10:06PM
MLS# 98997959
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,103
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,060
$882.1K
Cap Rate 7%
$630,043
$630.0K
Cap Rate 9%
$490,033
$490.0K
Market Conditions
NOI Build-Up for 3,256 SF
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.
Gross rent
$68.4K $21.00/SF
− Vacancy
−$9.6K −$2.94/SF
EGI
$58.8K $18.06/SF
− OpEx
−$14.7K −$4.52/SF
NOI
$44.1K $13.54/SF
Area
Ada County, ID
Vacancy
14.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,060
Cap Rate 7%
$630,043
Cap Rate 9%
$490,033
Alternative Uses
Best Use
Office B
$630.0K
$551.3K – $735.1K
NOI $44,103 @ 7.0% cap · market cap 4.43%
Second Best
Mixed Use
$577.7K
$505.5K – $674.0K
NOI $40,440 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$899.2K
$786.8K – $1.05M
NOI $62,945 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 83703, ID
18,163
Population
7,971
Households
2.3
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
8.1 sq mi
ZIP Area
2,242
Density / Sq Mi
$74,415
Median Household Income
$41,938
Median Earnings
$1,336
Median Rent
$477,000
Median Home Value
Market
Vacancy Rate% for Office in Boise, ID
Questions? Ask Rey
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Frequently Asked Questions
Where is this live-work space located?
The property is located at 3795 N 33rd St Boise, ID.
What is the asking price?
The asking price for this property is $995,000.
