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

    707 N 27Th St Boise, ID 83702

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office building with garages near downtown Boise and I-184.

    Property size:
    5,078 SF
    Lot size:
    0.42 Acres

    Property Features for 707 N 27Th St

    General Information

    Size
    5,078 SF
    Lot size
    0.42 Acres

    We can help!

    Listing Contact
    Bree Wells
    Bree Wells
    Source: Moodyscre

    Listing Agency: Cushman & Wakefield Listing Agent: Bree Wells

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

    Learn more

    Overview

    Corner Office Building with Garages

    This property features a total of 5,078 square feet, including a 2,015.31 square foot upper-level office and a 1,926.48 square foot lower-level office, totaling 3,942 square feet of office space. Additionally, there is a 782.06 square foot large garage and a 354.04 square foot small garage, totaling 1,136 square feet of garage space. The floor plan build-outs are customized for architecture users. Located on the corner of 27th and 28th Street, directly south of State Street and north of Main Street, the property is positioned towards downtown Boise. It offers convenient access to downtown Boise and the I-184 Connector, with Interstate 84 on/off ramp 3 accessible from Main Street. On-site parking is available around the front and back of the building. Fiber internet is available.
    Location Intelligence

    Current Use by Public Records

    TAIT & Associates Inc Architect

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.2241878
    Latitude
    43.6273892

    Nearby Similar for Sale

    • New
      $650,000
      Pending

      Versatile Income-Generating Boise Property

      Multifamily property with ADU potential for income or extended family.
      10093 W Mcmillan Rd, Boise, ID 83704
      View Details
    • New
      $860,000
      2,730 SF

      Remodeled Duplex with Expansion Potential

      Remodeled duplex on oversized lot, potential for a third unit.
      2513 N 31St St, Boise, ID 83703
      View Details
    • New
      $964,999
      3,744 SF

      Boise Triplex Investment Opportunity

      Three-unit property near downtown Boise with income potential.
      2228 E Roanoke Dr, Boise, ID 83712
      View Details
    • $598,000
      Pending

      North End Duplex Investment Opportunity

      Updated North End duplex, ideal for investors or owner-occupants.
      2103 W Bannock St, Boise, ID 83702
      View Details
    • $1,168,899
      3,871 SF

      New Triplex Near I-84

      New triplex near I-84, fully leased until April 2026.
      6726 W Overland Rd, Boise, ID 83709
      View Details
    • $1,025,000
      3,656 SF

      Boise Bench Fourplex Opportunity

      Fourplex in Boise Bench area, close to amenities.
      33 S Mike St, Boise, ID 83706
      View Details
    • $779,000
      3,091 SF

      ADA Accessible Home with ADU

      ADA home with ADU, modern finishes, and income potential.
      7125 W Ustick Rd, Boise, ID 83704
      View Details
    • $629,900
      2,157 SF

      Remodeled Boise Multifamily Investment Opportunity

      Fully remodeled multifamily property in downtown Boise with income potential.
      716 W Linden St, Boise, ID 83706
      View Details
    • New
      $494,880
      1,821 SF

      Stylish Townhome Near Boise Airport

      Move-in-ready townhome near the airport, freeway, and downtown.
      1709 S Rockview Ln, Boise, ID 83705
      View Details
    • $665,000
      Pending

      Well-Maintained Duplex in Boise

      Duplex with strong rental potential in a high-demand Boise location.
      9495-9497 W Edna St, Boise, ID 83704
      View Details
    • $1,075,000
      4,346 SF

      North End Boise 6-Plex

      Well-maintained 6-unit apartment building in desirable North End location.
      2209 W Idaho St, Boise, ID 83709
      View Details
    • $1,125,000
      2,638 SF

      New Duplex in Boise's East End

      New duplex in Boise's East End, fully leased.
      805/811 E Mckinley St, Boise, ID 83712
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with garages near downtown Boise and I-184.
    Where is this office building located?
    The property is located at 707 N 27Th St Boise, ID.
    What are key features of this property?
    This property features: - Prime location with easy access to downtown Boise and I-184/I-84 via Main Street.; - Substantial total space (5,078 SF) including office space (3,942 SF) and garage space (1,136 SF).; - Two garages: a large garage (782.06 SF) and a small garage (354.04 SF).
    (208) 287-9492 Call to check price and availability
    Request Owner's contact information
    707 N 27Th 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.
    707 N 27Th 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
    707 N 27Th 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bree Wells
    Bree Wells
    (208) 287-9492 (208) 287-9500
    Learn more
    Google sign-in failed. Please try again or use another login method.