Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    505 N Pond Boise, ID 83706

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

    LAND - Boise, ID

    Lot size:
    0.20 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    120
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 505 N Pond

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R4673000010
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Long Legal - See Exhibit A
    Tax Annual Amount
    1491

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Ken Merrill
    Ken Merrill

    Listing agent Ken Merrill License #31594

    Listing office Silvercreek Realty Group 1099 S. Wells, Meridian, ID

    Listing date Jan 7, 2026

    MLS# 98972244 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.

    HighLights

    • Duplex Lot: Existing duplex lot provides immediate development potential.
    • Adjacent to MX‑2 Zoning: Proximity to MX‑2 zoning offers potential development advantages.
    • Rezoning Potential: Possible rezoning to MX‑2 High‑Density Development for increased density.
    • Future Development Site: Attractive site for future residential or mixed‑use projects.
    • Electricity Available: Utilities are available on‑site.
    • Location: Situated at provided coordinates.

    Overview

    Boise Land Ready For Development

    This is a bare land duplex lot. It is adjacent to MX-2. There is a possible opportunity for rezoning to MX-2 High-Density Development, which could make this an attractive site for future density residential or mixed-use projects. Any change in zoning would be subject to local jurisdiction approval. The buyer and buyer's agent are solely responsible for conducting all due diligence to confirm zoning, allowable uses, and development feasibility. The lot size is 0.2 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.2412795
    Latitude
    43.6089637

    Nearby Similar for Sale

    • $899,900
      2,729 SF

      Foothills Multifamily Property with History

      Unique Boise property near downtown, Hyde Park, and the North End.
      4480 N Kitsap Way, Boise, ID 83703
      View Details
    • $775,000
      3,610 SF

      Boise Multifamily Property with Two Homes

      Two homes on one lot, flexible use for rental or occupancy.
      1159 E Wright St, Boise, ID 83706
      View Details
    • $735,000
      1,752 SF

      Boise Multifamily Investment Opportunity

      Two income-producing units on one lot in Boise, Idaho.
      625 & 627 E Pennsylvania St, Boise, ID 83706-4431
      View Details
    • $745,000
      4,216 SF

      Renovated Multi-Family Home with Views

      Recently renovated 9-bedroom home with income potential and large lot.
      410 S Bitteroot Drive, Boise, ID 83709
      View Details
    • $749,000
      2,500 SF

      Modern Townhomes Near Downtown Boise

      Luxury townhomes with rooftop patio, ideal for tenants.
      2055 S Makar Ln, Boise, ID 83706
      View Details
    • $935,000
      3,920 SF

      Boise Multifamily Property Near University

      Well-maintained Boise multifamily property near Boise State University.
      2541 W Malad St, Boise, ID 83705
      View Details
    • $949,500
      4,464 SF

      Boise Multifamily Investment Opportunity

      Remodeled four-unit property with shop and garage rentals.
      393-399 S White Cloud Dr, Boise, ID 83709
      View Details
    • $949,900
      2,327 SF

      Historic North End Triplex

      Charming triplex near Hyde Park, Boise. Great investment opportunity.
      1605 N 11th St, Boise, ID 83702
      View Details
    • $719,900
      2,200 SF

      West Boise Duplex Opportunity

      Well-maintained duplex in desirable Boise location with rental history.
      4507/4509 W Forsythia Drive, Boise, ID 83703
      View Details
    • $800,000
      4,140 SF

      Boise Fourplex in Prime Location

      Fully occupied fourplex near Boise Towne Square with long-term tenants.
      801 N Milwaukee St, Boise, ID 83704
      View Details
    • $1,200,000
      4,660 SF

      Income-Producing Fourplex on Large Lot

      Fourplex with expansion potential near Boise Greenbelt.
      3009 N Tamarack Dr, Boise, ID 83703
      View Details
    • $499,900
      1,050 SF

      Charming Westend Boise Duplex

      Duplex near downtown, Quinn's Pond, and Boise attractions.
      2815 W Moore, Boise, ID 83702
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Duplex lot with potential for high-density residential or mixed-use development.
    Where is this residential land & home lot located?
    The property is located at 505 N Pond Boise, ID.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Duplex Lot: Existing duplex lot provides immediate development potential.; Adjacent to MX‑2 Zoning: Proximity to MX‑2 zoning offers potential development advantages.; Rezoning Potential: Possible rezoning to MX‑2 High‑Density Development for increased density.
    (208) 713-4663
    We can help!
    Listing Contact
    Ken Merrill
    Ken Merrill
    Real Estate License ID: 31594
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    505 N Pond, Boise, ID 83706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!