Office Building with Private
1203-1205 S Five Mile Road, Boise, ID 83709
For Sale
Contact for pricing
The property offers parking and convenient access from Five Mile Road.
Property Size4,200 SF
Price / SF$273.81
Days on Market28
Property Features for 1203-1205 S Five Mile Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Lawrence Ross Commercial Real Estate LLC
Listed By:
Lawrence Ross · License ID #15564
(208) 861-9909
Source:
Crexi
Added: Oct 14
Changed: Nov 8
Last Checked: Nov 8 at 2:46PM
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 Lawrence Ross Commercial Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available for sale or lease, this Boise office building contains approximately 4,200 square feet and was constructed in 2001. Private restrooms and parking are among its building features.
The property occupies the northwest corner of Five Mile Road and Smoke Ranch, with access from Five Mile Road. Dining and shopping options are within walking distance.
The property occupies the northwest corner of Five Mile Road and Smoke Ranch, with access from Five Mile Road. Dining and shopping options are within walking distance.
Key Highlights
- Approximately 4,200 square feet of office space
- Built in 2001
- Private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,889
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,780
$1.1M
Cap Rate 7%
$812,700
$812.7K
Cap Rate 9%
$632,100
$632.1K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$88.2K $21.00/SF
− Vacancy
−$12.3K −$2.94/SF
EGI
$75.9K $18.06/SF
− OpEx
−$19.0K −$4.52/SF
NOI
$56.9K $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%
$1,137,780
Cap Rate 7%
$812,700
Cap Rate 9%
$632,100
Alternative Uses
Best Use
Office B
$812.7K
$711.1K – $948.2K
NOI $56,889 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,194 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 83709, ID
59,461
Population
22,262
Households
2.7
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
33.7 sq mi
ZIP Area
1,764
Density / Sq Mi
$88,893
Median Household Income
$48,981
Median Earnings
$1,743
Median Rent
$440,700
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Boise, ID
Properties on Market for Office buildings in Boise
Vacancy Rate% for Office in Boise, ID
Frequently Asked Questions
What type of property is this?
Office building - The property offers parking and convenient access from Five Mile Road.
Where is this office building located?
The property is located at 1203-1205 S Five Mile Road Boise, ID.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 4,200 square feet of office space; Built in 2001; Private restrooms
