Storefront Property with Monument
1402 S Broadway Ave, Boise, ID 83706
For Sale
Contact for pricing
Flexible commercial property with a vacant portion, off-street parking, and access to I-84 from Broadway.
Property Size3,632 SF
Price / SF$357.93
Days on Market102
Property Features for 1402 S Broadway Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Traffic Count
Highway Access
Amenities
monument signage
overhead door with separate storage area
Building Details
Tenancy
Listing Agency:
Lawrence Ross Commercial Real Estate LLC
Listed By:
Lawrence Ross · License ID #15564
(208) 861-9909
Source:
Moodyscre
Added: Aug 3
Changed: Nov 1
Last Checked: Nov 12 at 7:03AM
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 Lawrence Ross Commercial Real Estate LLC
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Investment Insights
Based on property information with market context.
This storefront property contains 3,632 square feet, including a vacant 1,800-square-foot portion that may accommodate shop, storage, showroom, additional office space, or an additional apartment. An overhead door and separate storage area add functional flexibility. Existing commercial tenants occupy the remaining space on short-term leases.
The property offers retail exposure on Broadway with monument signage and off-street parking for 17 cars. Traffic counts were 27,247 cars per day in 2023, and Broadway provides access to I-84. The site is zoned MX-2 by Boise City and sits 1 block south of Albertson’s and 4 blocks south of Boise State University.
The property offers retail exposure on Broadway with monument signage and off-street parking for 17 cars. Traffic counts were 27,247 cars per day in 2023, and Broadway provides access to I-84. The site is zoned MX-2 by Boise City and sits 1 block south of Albertson’s and 4 blocks south of Boise State University.
Key Highlights
- 3,632‑square‑foot storefront property with a vacant 1,800‑square‑foot portion
- Vacant area may support shop, storage, showroom, office, or an additional apartment
- Retail exposure on Broadway with monument signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,035
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,700
$920.7K
Cap Rate 7%
$657,643
$657.6K
Cap Rate 9%
$511,500
$511.5K
Market Conditions
NOI Build-Up for 3,632 SF
Gross rent
$68.9K $18.96/SF
− Vacancy
−$3.1K −$0.85/SF
EGI
$65.8K $18.11/SF
− OpEx
−$19.7K −$5.43/SF
NOI
$46.0K $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,700
Cap Rate 7%
$657,643
Cap Rate 9%
$511,500
Alternative Uses
Best Use
Retail
$657.6K
$575.4K – $767.3K
NOI $46,035 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.7K – $1.17M
NOI $70,214 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
27,247 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
260k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 27%
Shops & Services 21%
Apparel 1%
Albertsons
Groceries
61,252 visits/mo
0.2 miles
McDonald's
Dining
29,252 visits/mo
0.1 miles
Taco Bell
Dining
17,977 visits/mo
0.1 miles
Starbucks
Dining
14,184 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
13,015 visits/mo
0.5 miles
Demographics for 83706, ID
34,446
Population
15,992
Households
2.2
Avg Household Size
31
Median Age
57%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
4,655
Density / Sq Mi
$81,101
Median Household Income
$33,331
Median Earnings
$1,378
Median Rent
$488,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Ada County
Vacancy Rate% for Retail in Boise, ID
Similar Off Market Nearby
- House Of Poppy — 1011 W Williams St, Boise, ID 83706
- Albertsons Broadway Floral — 1219 S Broadway Ave Albertsons, Boise, ID 83706
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial property with a vacant portion, off-street parking, and access to I-84 from Broadway.
Where is this storefront property located?
The property is located at 1402 S Broadway Ave Boise, ID.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,632‑square‑foot storefront property with a vacant 1,800‑square‑foot portion; Vacant area may support shop, storage, showroom, office, or an additional apartment; Retail exposure on Broadway with monument signage
