Add Listing
    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

    928 W Main St Boise, ID 83702

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr

    Retail or office space in the heart of Boise.

    We can help!

    Listing Contact
    Galen Miller
    Source: Tokcommercial

    Listing Agent: Galen Miller

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

    Learn more

    Overview

    Downtown Boise Retail/Office Space

    Located in the heart of Downtown Boise, this property offers flexibility for use as either retail or office space. The space benefits from abundant natural light and high foot traffic. Its location provides walking distance access to numerous restaurants, shops, and amenities. Current first-floor retail tenants include Guru Donuts, Bombay Grill, Mullet Proof, and Eight Five One Jewelry.
    Location Intelligence

    Current Use by Public Records

    Bombay Grill Indian ... Restaurant Idanha Apartments Apartment Building Mullet Proof Hair Salon Alter Ego Tattoo Tattoo & Piercing Shop Justin W John ... Artist

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.2054985
    Latitude
    43.6168144

    Nearby Similar for Lease

    • $94,400
      5,900 SF

      High-Traffic Retail Suite in Boise

      900 SF commercial suite in high-traffic Boise retail center.
      3506 W State St, Boise, ID 83703
      View Details
    • $269,468
      17,385 SF

      Adaptable Single-Story Office Suite

      Efficient single-story office suite with open areas and private offices.
      391 N Ancestor Pl Unit, Boise, ID 83704
      View Details
    • $120,000
      2,770 SF

      Prime Commercial Space in Boise

      High-visibility commercial property with flexible zoning and dual access.
      2304-2314 W Main St, Boise, ID 83702
      View Details
    • Contact for pricing

      Boise Downtown

      Discover many ways to work your way in Boise Downtown
      950 Bannock St, Boise, ID 83702
      View Details
    • Sponsored
      Contact for pricing

      ID, Boise - W Elder St

      Discover many ways to work your way in Highland Pointe
      3295 Elder St, Boise, ID 83705
      View Details
    • $8,000 /Mo
      24,361 SF

      Retail Center Near Residential Development

      Retail spaces in North Boise near residential development for lease.
      7403 W Saxton Dr, Boise, ID 83714
      View Details
    • $19 SF/Yr
      4,580 SF

      Furnished Office Space in Boise

      Fully furnished office suite with ample parking in West Boise.
      12594 West Explorer Dr, Boise, ID 83713
      View Details
    • $16 SF/Yr
      21,647 SF

      Retail Space with Pylon Signage

      Retail space with high visibility and full access on Overland.
      6555 W Overland Rd, Boise, ID 83709
      View Details
    • $28 SF/Yr
      24,708 SF

      Prime Downtown Retail/Restaurant Space

      High-visibility retail/restaurant space in Boise's vibrant downtown district.
      777 West Main St, Boise, ID 83702
      View Details
    • $20 SF/Yr

      Professional Office Suites For Lease

      Centrally located office suites with remodeled interiors and freeway access.
      3320 N Milwaukee St, Boise, ID 83704
      View Details
    • $2,648 /Mo
      4,032 SF

      Move-in Ready Office Space

      Well-maintained office space in a convenient, visible Boise location.
      1433 N Cole Rd, Boise, ID 83704
      View Details
    • $3,500 /Mo
      4,848 SF

      Downtown Boise Office Building

      Charming office building in downtown Boise with versatile layout.
      506 S 5Th St, Boise, ID 83702
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail or office space in the heart of Boise.
    Where is this retail space located?
    The property is located at 928 W Main St Boise, ID.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of Downtown Boise; - Flexibility to be utilized as retail or office space; - Abundant natural light
    (503) 384-8545
    Request Owner's contact information
    928 W Main 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.
    928 W Main 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
    928 W Main 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
    Galen Miller
    (503) 384-8545
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!