Property profile

300 Orch St Boise, ID 83706

OFF-MARKET
Commercial real estate
Property ID
US27-1089941
5,652 SF 1.35 ac lot Built 1959
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.35-acre parcel presents a unique investment opportunity in the heart of Boise, Idaho. Situated just minutes from downtown, this land offers unparalleled access to Boise's vibrant city center, encompassing a diverse range of dining, shopping, entertainment, and cultural attractions. The property is ideally positioned to capitalize on the strong demand for multi-family housing in this thriving urban area. City of Boise approvals are already in place for a proposed 78-unit multi-family development, streamlining the development process and minimizing potential delays. This pre-approved plan provides a solid foundation for a swift and efficient project launch, allowing for immediate commencement of construction upon acquisition. The substantial lot size allows for ample space to create a high-quality residential community, catering to a wide range of residents. This is a rare chance to acquire a fully permitted development site in a highly sought-after location, promising significant returns on investment. The convenience of the downtown proximity, coupled with the streamlined development process, makes this an exceptional opportunity for experienced developers seeking a prime location for a lucrative multi-family project. The existing approvals significantly reduce risk and expedite the timeline to completion, making this a compelling investment proposition. This offering is for the land only

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1959
Total area 5,652 SF
Lot 1.35 ac (58,806 SF)
Zoning code C-2D
APN R7777803212
UPID US27-1089941

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Holding Company

Location

300 Orch St Boise, ID 83706-1627
Boise metro Census 1001 BOISE CITY-NAMPA, ID METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2011
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2D · Boise, ID

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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