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

    3082 S Bown Way Boise, ID 83706

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime office space in desirable Bown Crossing location.

    Property size:
    2,823 SF
    Lot size:
    0.27 Acres

    Property Features for 3082 S Bown Way

    General Information

    Size
    2,823 SF
    Lot size
    0.27 Acres

    We can help!

    Listing Contact
    Darin Burrell
    Darin Burrell
    Source: Moodyscre

    Listing Agent: Darin Burrell

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

    Learn more

    Property Insight Report

    Overview

    Bown Crossing Office Space

    This Class A office space, built in 2008, offers 2,823 square feet and is situated in a desirable southeast Boise location within the Bown Crossing area. The property benefits from great exposure and street front parking. It is located in a quickly growing area with close proximity to the Greenbelt. The zoning is MX-1. Other tenants in the area include The Tavern at Bown Crossing, Boise Fry Company, Ti Amo Italian Ristorante, Cravin’s Candy Company, Barber Town Eye Care, and Boise Public Library. The space is available 10/31/26, with the possibility of earlier possession. The property is located at the cross streets of S Bown Way, E Boise Avenue & E Parkcenter Blvd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elements Massage - Boise Massage Therapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.154768
    Latitude
    43.574263

    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?
    Office space - Prime office space in desirable Bown Crossing location.
    Where is this office space located?
    The property is located at 3082 S Bown Way Boise, ID.
    What are key features of this property?
    This property features: - Desirable SE Boise Location in Bown Crossing; - High-Exposure Location; - Close proximity to Greenbelt
    (208) 286-2260
    Request Owner's contact information
    3082 S Bown Way Boise, ID 83706
    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.
    3082 S Bown Way
    Boise, ID 83706
    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
    3082 S Bown Way Boise, ID 83706
    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
    Darin Burrell
    Darin Burrell
    Real Estate License ID: AB35757
    (208) 286-2260
    Learn more
    Google sign-in failed. Please try again or use another login method.