Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    249 S 16Th St Boise, ID 83702

    For Sale
    $2,100,000

    Single-tenant NNN investment with redevelopment potential near downtown Boise.

    Property size:
    4,390 SF

    Property Features for 249 S 16Th St

    General Information

    Zoning
    MX-5
    Size
    4,390 SF

    Building Details

    Year built
    2001

    Source: Chase Erkins, SIOR Agent Chase Erkins, SIOR

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

    Overview

    Redevelopment Opportunity Near Downtown Boise

    This property presents a single-tenant NNN investment opportunity. The 0.684-acre parcel is strategically located just off I-184 and minutes from Downtown Boise. It is zoned MX-5, which is one of the city’s most flexible and urban-forward designations. Currently leased to Mavik Ventures through March 2027 with an annual rent of $91,144, the asset provides income during entitlement or design phases. The property is surrounded by new multifamily, office, and retail developments, and is poised to benefit from Boise’s ongoing urban expansion. The location is 5.3 miles from the airport and near major employers like Albertsons, Micron, and St. Luke’s. The property has a modern open-concept design, a large outdoor patio space, and ample on-site parking. It also features an abundance of natural light. The property, with a size of 4390 square feet, is suitable for a developer or investor seeking a strategic foothold in Boise’s dynamic urban core, offering income and redevelopment upside.
    Insight Report Location Intelligence

    Current Use by Public Records

    Republic Parking Parking Lot Organic.org Organic Shop

    Suggested Use

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

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

    Similar Places Nearby

    Boise Dream Flowers, Boise Florist & Flowers Delivery, Loral Gift, Albertsons Floral, Rust and Thistle

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.2143875
    Latitude
    43.6193224

    Nearby Similar for Sale

    • $870,000
      2,730 SF

      Remodeled Duplex with Expansion Potential

      Remodeled duplex with potential for a third unit, fully furnished.
      2513 N 31St St, Boise, ID 83703
      View Details
    • $760,000
      Pending

      New Duplex in Boise's North End

      New duplex in desirable Boise location, move-in ready.
      2312-2314 N 35Th St, Boise, ID 83704
      View Details
    • $2,950,000
      2,163 SF

      Boise Shooting Range and Home

      Established shooting range with home on 159+ acres near Boise.
      14000 E Double Tapp Ln, Boise, ID 83716
      View Details
    • $1,025,000
      3,656 SF

      Boise Fourplex Investment Opportunity

      Fourplex in Boise Bench area, close to amenities.
      33 S Mike St, Boise, ID 83706
      View Details
    • $664,900
      2,157 SF

      Remodeled Duplex in Downtown Boise

      Turn-key duplex near BSU, shopping, and downtown Boise.
      716 W Linden St, Boise, ID 83706
      View Details
    • $672,880
      1,821 SF

      Stylish Townhome Near Downtown Boise

      Modern townhome with stunning views, close to downtown Boise.
      1717 S Federal Way, Boise, ID 83705
      View Details

    FAQs

    What type of property is this?
    Storefront property - Single-tenant NNN investment with redevelopment potential near downtown Boise.
    Where is this storefront property located?
    The property is located at 249 S 16Th St 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: - Strategic location just off I-184 and minutes from Downtown Boise; - Zoned MX-5, one of Boise’s most flexible and urban-forward designations, allowing for redevelopment or repositioning; - Current lease to Mavik Ventures through March 2027 provides stable income of $91,144 annually
    (208) 789-4900
    Request Owner's contact information
    249 S 16Th 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.
    249 S 16Th 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 Estimation

    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.

    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.

    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
    249 S 16Th 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
    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.