Office Building at Greenbelt Business
New
For Sale
$875,000
1017 E Park Blvd, Boise, ID 83712
For sale office building in Greenbelt Business Plaza at the SE corner of Parkcenter Blvd and Park Blvd.
Days on Market5
Property Features for 1017 E Park Blvd
General Information
Standard status
Active
Property subtype
Office - General Office
Building Details
Building Size
2,225 SF
Year Built
2005
Listing Agency:
Rallens Realty Consultants
(208) 870-7091
Listed By:
Joshua Hadder
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rallens Realty Consultants
Investment Insights
Based on property information with market context.
Greenbelt Business Plaza office building offered for sale at 1017 E Park Blvd, Boise, ID 83712. The property sits on the southeast corner of Parkcenter Blvd and Park Blvd.
The location is described as steps to the MK Nature Center. It is also reported to be approximately 10.5 miles from Boise State University and Albertsons Stadium, and about 1.5 miles (5 minutes) to Downtown Boise, Julia Davis Park, and BoDo dining and entertainment.
The location is described as steps to the MK Nature Center. It is also reported to be approximately 10.5 miles from Boise State University and Albertsons Stadium, and about 1.5 miles (5 minutes) to Downtown Boise, Julia Davis Park, and BoDo dining and entertainment.
Key Highlights
- Office building in Greenbelt Business Plaza at the SE corner of Parkcenter Blvd and Park Blvd
- Built in 2005
- About 0.5 mile to the MK Nature Center
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 | $46.7k | $21.00 |
| − Vacancy | −$6.5k | −$2.94 |
| EGI | $40.2k | $18.06 |
| − OpEx | −$10.0k | −$4.52 |
| NOI | $30.1k | $13.54 |
2,225 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$430.5K
$376.7K – $502.3K
NOI $30,138 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.5K
$537.7K – $716.9K
NOI $43,014 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
Explore this area
Business Placement
Demographics for 83712, ID
8,908
Population
4,606
Households
1.9
Avg Household Size
42
Median Age
62%
College-Educated
97%
High-School Grad
22.9 sq mi
ZIP Area
389
Density / Sq Mi
$105,764
Median Household Income
$56,280
Median Earnings
$1,368
Median Rent
$757,700
Median Home Value
Market
Vacancy Rate% for Office in Boise, ID
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - For sale office building in Greenbelt Business Plaza at the SE corner of Parkcenter Blvd and Park Blvd.
Where is this office building located?
The property is located at 1017 E Park Blvd Boise, ID.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Office building in Greenbelt Business Plaza at the SE corner of Parkcenter Blvd and Park Blvd; Built in 2005; About 0.5 mile to the MK Nature Center
