Office Condo with Private
For Sale
$599,000
5513 Glenwood, Garden City, ID 83714
Professional suite with flexible reception, treatment, workspace, and storage configurations.
Property Size1,937 SF
Price / SF$309.24
Days on Market35
Property Features for 5513 Glenwood
General Information
Standard status
Active
Size
1,937 SF
Property subtype
Commercial
Amenities
Garage: 6 - 10 Spaces
6 - 10 Spaces
Building Details
Year Built
2003
Listing Agency:
Lofthus Group
Listed By:
Gerri Kelley
(208) 571-3360
Source:
Clearwaterproperties
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 5 at 6:06PM
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 Lofthus Group
Investment Insights
Based on property information with market context.
This 1,937-square-foot office condominium, built in 2003, provides a practical layout for professional or treatment-oriented operations. The suite has two entrances, six private offices that can also function as treatment rooms, two bathrooms, two reception areas, and two storage rooms. The reception areas may also accommodate multiple desks, allowing the interior to support different office arrangements.
Located in Garden City, the property includes cross-access parking. The existing configuration combines private rooms, shared customer-facing areas, and dedicated storage within a single office unit. Tenants are responsible for all utilities.
Located in Garden City, the property includes cross-access parking. The existing configuration combines private rooms, shared customer-facing areas, and dedicated storage within a single office unit. Tenants are responsible for all utilities.
Key Highlights
- 1,937‑square‑foot office condo built in 2003
- Six private offices or treatment rooms
- Two entrances and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,237
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,740
$524.7K
Cap Rate 7%
$374,814
$374.8K
Cap Rate 9%
$291,522
$291.5K
Market Conditions
NOI Build-Up for 1,937 SF
Gross rent
$40.7K $21.00/SF
− Vacancy
−$5.7K −$2.94/SF
EGI
$35.0K $18.06/SF
− OpEx
−$8.7K −$4.52/SF
NOI
$26.2K $13.54/SF
Area
Ada County, ID
Vacancy
14.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,740
Cap Rate 7%
$374,814
Cap Rate 9%
$291,522
Alternative Uses
Best Use
Office B
$374.8K
$328.0K – $437.3K
NOI $26,237 @ 7.0% cap · market cap 4.38%
Second Best
Healthcare Medical
$350.2K
$306.4K – $408.5K
NOI $24,511 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$534.9K
$468.1K – $624.1K
NOI $37,446 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Demographics for 83714, ID
26,181
Population
11,672
Households
2.2
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
483
Density / Sq Mi
$86,114
Median Household Income
$43,867
Median Earnings
$1,384
Median Rent
$468,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional suite with flexible reception, treatment, workspace, and storage configurations.
Where is this office units located?
The property is located at 5513 Glenwood Garden City, ID.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,937‑square‑foot office condo built in 2003; Six private offices or treatment rooms; Two entrances and two bathrooms
