Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    821 West State St Boise, ID 83702

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr ($5,877 /Mo)

    New retail space available in Q3 2026.

    Property size:
    2,821 SF
    Lot size:
    2,821 SF

    Property Features for 821 West State St

    General Information

    Size
    2,821 SF

    We can help!

    Listing Contact
    Mark Schlag, Cls
    Source: Cbre

    Listing Agent: Mark Schlag, Cls

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Retail Space on State

    Highlights, a new 31,006 square foot building, is scheduled to open in Q3 2026. Located on State Street, the property offers accessibility via multiple bus routes and is positioned in a walkable and bikeable area, within easy reach of the Capitol, YMCA, shopping, dining, and the downtown core. Amenities include a rooftop deck and conference facilities on the 4th floor. Ground floor retail space is available, with Suite 100 offering approximately 2,821 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Savor Idaho Event Venue Idaho Grain Producers ... Non-Profit Organization Coalition for Idaho Charter ... Non-Profit Organization Idaho Wheat Commission Non-Profit Organization Idaho Wine Commission State Government Office

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.2015073
    Latitude
    43.6190189

    Nearby Similar for Lease

    • $22 SF/Yr
      14,635 SF

      Downtown Boise Class A Office

      Class A office suites with concierge services and on-site parking.
      101 S Capitol Blvd, Boise, ID 83702
      View Details
    • Contact for pricing
      374,360 SF

      Expandable Cold Storage Facility For Rent

      Proposed cold storage facility with expansion potential on a 20-acre site.
      6101 S Pleasant Valley Rd, Boise, ID 83705
      View Details
    • Contact for pricing
      24,390 SF

      Prime Retail Space Available

      High-visibility retail space with drive-thru and flexible leasing options.
      1515 W State St, Boise, ID 83702
      View Details
    • $26 SF/Yr
      84,900 SF

      Downtown Boise Landmark Office Tower

      Iconic 14-story office building in the heart of Boise.
      999 W Main St, Boise, ID 83702
      View Details
    • Contact for pricing
      6,526 SF

      Downtown Boise Retail/Office Space

      Flexible commercial space in downtown Boise near popular amenities.
      1114 W Front St, Boise, ID 83702
      View Details
    • Contact for pricing
      1,040 SF

      Downtown Boise Retail Space

      Former Tropical Smoothie Café space in the heart of Grove Plaza.
      777-801 W Main St, Boise, ID 83702
      View Details
    • Contact for pricing
      8,822 SF

      Downtown Boise Retail Opportunity

      Retail space available in the luxurious Arthur building.
      120 N 12Th St, Boise, ID 83702
      View Details
    • $0.92 SF/Yr
      31,500 SF

      Industrial Warehouse Space Sublease

      13,125 SF warehouse space near I-84 available for sublease.
      Industrial Warehouse Space For Sublease, Boise, ID 83704
      View Details
    • $25 SF/Yr
      19,748 SF

      Class A Office Space Available

      Class A office space with golf course views and ample parking.
      7655-7669 W Riverside Dr, Boise, ID 83714
      View Details
    • $21 SF/Yr
      22,784 SF

      Move-in Ready Boise Research Center Suite

      Fully built-out suite in premier Boise Research Center Business Park.
      6225 N Meeker Pl, Boise, ID 83713
      View Details
    • Contact for pricing
      320,000 SF

      Class A Office Space Boise

      Class A office space in the heart of downtown Boise.
      1111 West Jefferson St, Boise, ID 83702
      View Details
    • $22 SF/Yr
      65,212 SF

      Boise Office Building for Lease

      65,212 SF office building in central Boise location.
      456 N Kimball Pl, Boise, ID 83704
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail space available in Q3 2026.
    Where is this retail space located?
    The property is located at 821 West State St Boise, ID.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Brand-new, state-of-the-art building debuting in Q3 2026.; - Prime State Street location with unparalleled visibility.; - Excellent accessibility via multiple bus routes in a Walker & Biker Paradise.
    (208) 850-8417
    Request Owner's contact information
    821 West State St Boise, ID 83702
    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.
    821 West State St
    Boise, ID 83702
    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
    821 West State St Boise, ID 83702
    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

    We can help!
    Listing Contact
    Mark Schlag, Cls
    (208) 850-8417
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.