Prime Boise Development
132 & 140 West Main Street Boise, ID 83702
For Sale
$2,900,000
Two parcels in Boise's vibrant core with development potential.
Property Size10,500 SF
Price / SF$276.19
Days on Market128
Property Features for 132 & 140 West Main Street
General Information
Standard status
Active
Size
10,500 SF
Property subtype
SpecialPurpose
Properties For Sale
at 132 & 140 West Main Street Contact us
Listing Agency:
CBRE Boise
(208) 850-5001
Listed By:
Tim Reid · License #SP22042
(208) 850-5001
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 30 at 2:58AM
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 CBRE Boise
Investment Insights
Based on property information with market context.
Located in downtown Boise, the properties at 132 W. Main St. and 140 W. Main St. offer development potential. The Eoff-Brady-Hon House, a historic building, includes 10 rental units and over 10,500 sqft of living space. The adjacent vacant land at 132 W. Main St. is zoned MX-3 - Mixed Use by the City of Boise. The location is near new developments, St. Luke’s main campus, and various businesses and amenities. It is located two blocks from St. Luke's main campus, under a mile to Boise's central business district and BSU, and 1.5 miles to I-184. The location is five blocks from Boise’s Central Business District.
Key Highlights
- Rare development opportunity with MX‑3 zoning in downtown Boise.
- Prime location near St. Luke's main campus, Boise's central business district, and numerous amenities.
- Historic Eoff‑Brady‑Hon House with 10 rental units and over 10,500 sqft of living space.
Financial Insights For Mixed Use
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 | $226.8k | $21.60 |
| − Vacancy | −$18.1k | −$1.73 |
| EGI | $208.7k | $19.87 |
| − OpEx | −$78.2k | −$7.45 |
| NOI | $130.4k | $12.42 |
10,500 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $202,986 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two parcels in Boise's vibrant core with development potential.
Where is this mixed-use property located?
The property is located at 132 & 140 West Main Street Boise, ID.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Rare development opportunity with MX‑3 zoning in downtown Boise.; Prime location near St. Luke's main campus, Boise's central business district, and numerous amenities.; Historic Eoff‑Brady‑Hon House with 10 rental units and over 10,500 sqft of living space.
