Building Details

Year Built 1990

Buildings 1

Listing Agency: Lee & Associates - Boise

Listed By: Trey Thomas · License #SP51767 Show Phone

Source: Crexi

Added: Jun 29 Changed: Oct 4 Last Checked: Oct 14 at 9:47PM

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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 Lee & Associates - Boise

Investment Insights

Based on property information with market context.

This flex-space property includes a well-maintained commercial building with dedicated office space and a warehouse/shop area. The building contains approximately 4,000 square feet and was constructed in 1990, providing a practical combination of administrative and operational space.

The site occupies a corner lot and includes a secured yard. Multiple utility upgrades and industrial-grade power capabilities support a range of commercial operations. C-2 zoning adds a defined commercial land-use designation to the property.

Key Highlights

• Approximately 4,000‑square‑foot flex‑space building
• Dedicated office space plus warehouse/shop area
• Secured yard on a corner lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,180

Cap Rate

4.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,083,600 $1.1M

Cap Rate 7%

$774,000 $774.0K

Cap Rate 9%

$602,000 $602.0K

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$84.0K $21.00/SF

− Vacancy

−$11.8K −$2.94/SF

EGI

$72.2K $18.06/SF

− OpEx

−$18.1K −$4.52/SF

NOI

$54.2K $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%

$1,083,600

Cap Rate 7%

$774,000

Cap Rate 9%

$602,000

Alternative Uses

Best Use

Office B

$774.0K

$677.3K – $903.0K (±1% cap)

NOI $54,180 @ 7.0% cap · market cap 4.01%

Second Best

Warehouse

$610.6K

$534.3K – $712.4K (±1% cap)

NOI $42,744 @ 7.0% cap · market cap 3.17%

Theoretical Best

Office A

$1.10M

$966.6K – $1.29M (±1% cap)

NOI $77,328 @ 7.0% cap · market cap 5.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Gem Electric Electrical Service

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Law Firm Restaurant Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

784

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 83714, ID

26,181

Population

11,672

Households

2.2

Avg Household Size

43

Median Age

45%

College-Educated

94%

High-School Grad

54.2 sq mi

ZIP Area

483

Density / Sq Mi

$86,114

Median Household Income

$43,867

Median Earnings

$1,384

Median Rent

$468,100

Median Home Value

Market

Vacancy Rate% for Office in Boise, ID

7.5% 2020

5.8% 2021

8.8% 2022

11.1% 2023

10.6% 2024

11.5% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - C-2-zoned property combines office space, warehouse/shop area, and a secured yard.

Where is this flex space located?

The property is located at 112 East 45th Street Boise, ID.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Approximately 4,000‑square‑foot flex‑space building; Dedicated office space plus warehouse/shop area; Secured yard on a corner lot