Former Rite Aid Storefront with
5005 W Overland Rd Boise, ID 83705
For Sale
Contact for pricing
Built in 1998, this former Rite Aid includes drive-through service, on-site parking, and a large retail sales floor.
Property Size14,457 SF
Price / SF$242.10
Days on Market796
Property Features for 5005 W Overland Rd
General Information
- Standard status
- Active
- Size
- 14,457 SF
- Property subtype
- RETAIL
Listing Agency:
Summit Commercial Real Estate
(208) 890-1089
Listed By:
LeAnn Hume · License #SP39275
(208) 890-1089
Source:
Moodyscre
Added: May 23, 2024
Changed: Jul 26
Last Checked: Jul 26 at 4:38AM
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 Summit Commercial Real Estate
Investment Insights
Based on property information with market context.
This former Rite Aid storefront is a low-maintenance, build-in 1998 retail building offered for sale (with potential lease terms) and positioned for redevelopment or continued retail use. The property includes a large sales floor area with a manager’s office and restrooms, along with a shipping/receiving area featuring an overhead roll-up door. Additional on-site amenities include on-site parking, multiple curb-cuts and access points, and drive-through capability. Signage features include two pylon signs and multiple building signage areas, and the offering may include freezer-coolers and other equipment, subject to details shared by agents.
Located at the busy signalized intersection of Overland Road and Orchard Street, the site benefits from visibility along two major thoroughfares serving the Treasure Valley. The surrounding retail environment includes multiple local, regional, and national tenants and professional service providers, with nearby shopping developments such as the Century Landmark Shopping Center and Costco.
Sale is still pending and the asset is being marketed prior to close. Contact agents for walk-through scheduling and to review negotiable lease rate, terms, and potential uses.
Located at the busy signalized intersection of Overland Road and Orchard Street, the site benefits from visibility along two major thoroughfares serving the Treasure Valley. The surrounding retail environment includes multiple local, regional, and national tenants and professional service providers, with nearby shopping developments such as the Century Landmark Shopping Center and Costco.
Sale is still pending and the asset is being marketed prior to close. Contact agents for walk-through scheduling and to review negotiable lease rate, terms, and potential uses.
Key Highlights
- Former Rite Aid retail building built in 1998
- Busy signalized intersection location at Overland Road and Orchard Street, with access from multiple curb‑cuts and points
- Drive‑through service plus shipping/receiving area with overhead roll‑up door
Financial Insights For Specialty 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 | $277.6k | $19.20 |
| − Vacancy | −$12.5k | −$0.86 |
| EGI | $265.1k | $18.34 |
| − OpEx | −$66.3k | −$4.58 |
| NOI | $198.8k | $13.75 |
14,457 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.84M
$2.49M – $3.31M
NOI $198,813 @ 7.0% cap · market cap 5.68%
Second Best
Retail
$2.62M
$2.29M – $3.05M
NOI $183,239 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$3.99M
$3.49M – $4.66M
NOI $279,483 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rite Aid Photo
(Bike/Boat/Book/etc) Store
Glacier Water
General Contractor
Fatima Walizada
Pharmacy
Western Union
Bank
higi
Physician
Similar Off Market Nearby
- Walgreens Pharmacy — 4924 W Overland Rd, Boise, ID 83705
- Lori A. Hockenberry, PharmD — 4924 W Overland Rd, Boise, ID 83705
- Fatima Walizada — 5005 W Overland Rd, Boise, ID 837052633
- Valerie Murray, RPH — 4924 W Overland Rd, Boise, ID 83705
- Stephanie Worden — 4924 W Overland Rd, Boise, ID 837052821
FAQs
What type of property is this?
Drug store - Built in 1998, this former Rite Aid includes drive-through service, on-site parking, and a large retail sales floor.
Where is this drug store located?
The property is located at 5005 W Overland Rd Boise, ID.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Former Rite Aid retail building built in 1998; Busy signalized intersection location at Overland Road and Orchard Street, with access from multiple curb‑cuts and points; Drive‑through service plus shipping/receiving area with overhead roll‑up door
