Renovated Class A Office
For Sale
$2,100,000
1110 N Five Mile Rd, Boise, ID 83713
Multi-tenant office asset with six occupants, long-term leases, and additional short-term suite flexibility.
Property Size8,290 SF
Price / SF$253.32
Days on Market261
Property Features for 1110 N Five Mile Rd
General Information
Standard status
Active
Size
8,290 SF
Class
Class A
Additional Details
Cap Rate
6.36%
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
exp realty, llc
(941) 462-3321
Listed By:
Enoch Worth
(208) 890-7776
Source:
Exprealty
Added: Jan 27
Changed: Oct 15
Last Checked: Oct 15 at 2:56AM
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 exp realty, llc
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Investment Insights
Based on property information with market context.
This 8,290-square-foot Class A office building in Boise underwent a comprehensive renovation completed in September. The property is occupied by six tenants and includes a primary occupant using most of the building. Two full office suites on the west side have newly executed long-term leases, while smaller offices in the main building are leased on month-to-month or six-month terms.
The anchor tenant carries significant CAM charges and has expressed interest in taking additional space if vacancies arise. The property has a reported 6.36% cap rate and combines established occupancy with a mix of lease durations across the building.
The anchor tenant carries significant CAM charges and has expressed interest in taking additional space if vacancies arise. The property has a reported 6.36% cap rate and combines established occupancy with a mix of lease durations across the building.
Key Highlights
- 8,290‑square‑foot Class A office building in Boise
- Renovation completed in September
- Six current tenants, including a primary occupant using most of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,288
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,760
$2.2M
Cap Rate 7%
$1,604,114
$1.6M
Cap Rate 9%
$1,247,644
$1.2M
Market Conditions
NOI Build-Up for 8,290 SF
Gross rent
$174.1K $21.00/SF
− Vacancy
−$24.4K −$2.94/SF
EGI
$149.7K $18.06/SF
− OpEx
−$37.4K −$4.52/SF
NOI
$112.3K $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 Rate 5%
$2,245,760
Cap Rate 7%
$1,604,114
Cap Rate 9%
$1,247,644
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,288 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,262 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 83713, ID
30,056
Population
12,019
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
4,554
Density / Sq Mi
$86,419
Median Household Income
$45,276
Median Earnings
$1,716
Median Rent
$421,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Boise, ID
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office asset with six occupants, long-term leases, and additional short-term suite flexibility.
Where is this office building located?
The property is located at 1110 N Five Mile Rd Boise, ID.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8,290‑square‑foot Class A office building in Boise; Renovation completed in September; Six current tenants, including a primary occupant using most of the building
