Retail Building with Ample
For Sale
$1,950,000
8958 W Ardene St., Boise, ID 83709
Contemporary 8,200 SF retail building with a versatile interior layout, ample parking, and high visibility in the Boise area.
Property Size8,200 SF
Price / SF$237.80
Days on Market114
Property Features for 8958 W Ardene St.
General Information
Standard status
Active
Size
8,200 SF
Property subtype
Retail - Street Retail
Listing Agency:
NAI Select
Listed By:
Mike Erkmann · License #SP36834
Source:
Commercialcafe
Added: Apr 8
Changed: Jul 21
Last Checked: Jul 24 at 5:03AM
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 NAI Select
Investment Insights
Based on property information with market context.
This contemporary retail building offers a versatile interior layout designed to support retail or street retail uses. The property includes a spacious interior and approximately 8,200 square feet of building area, with ample parking and high visibility intended to serve active street-facing commerce.
Located at 8958 W. Ardene St. in Boise, the surrounding area is described as a mix of urban conveniences and natural beauty. Boise Towne Square is noted as a short drive away, and the Village at Meridian is also nearby, offering additional retail, dining, and entertainment options.
Located at 8958 W. Ardene St. in Boise, the surrounding area is described as a mix of urban conveniences and natural beauty. Boise Towne Square is noted as a short drive away, and the Village at Meridian is also nearby, offering additional retail, dining, and entertainment options.
Key Highlights
- 8,200 SF contemporary retail building with a versatile interior layout
- Positioned for retail or street retail investors in the Boise area
- Ample parking available on the property
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $18.96 |
| − Vacancy | −$7.0k | −$0.85 |
| EGI | $148.5k | $18.11 |
| − OpEx | −$44.5k | −$5.43 |
| NOI | $103.9k | $12.67 |
8,200 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,933 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,522 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
151k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 19%
Apparel 9%
Dutch Bros. Coffee
Dining
18,750 visits/mo
0.3 miles
Starbucks
Dining
17,316 visits/mo
0.5 miles
SONIC Drive In
Dining
16,605 visits/mo
0.2 miles
Burger King
Dining
16,317 visits/mo
0.5 miles
Goodwill
Apparel
12,925 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Boise, ID
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Contemporary 8,200 SF retail building with a versatile interior layout, ample parking, and high visibility in the Boise area.
Where is this retail space located?
The property is located at 8958 W Ardene St. Boise, ID.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 8,200 SF contemporary retail building with a versatile interior layout; Positioned for retail or street retail investors in the Boise area; Ample parking available on the property
