Building Details

Year Built 1936

Buildings 1

Building Size 2,000 SF

Listing Agency: Keller Williams Realty Boise

Listed By: Alison Blake · License #SP21058 Show Phone

Source: Clearwaterproperties

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 14 at 11:18PM

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Investment Insights

Based on property information with market context.

This 2,025-square-foot office building, constructed in 1936, has a varied work and meeting layout across its main and lower levels. The main floor includes three shared work areas, one set up with eight workstations, along with two additional rooms suited to meeting or work use. A private office, two bathrooms, kitchen, and dining area are also on this level.

The lower level adds storage, a large adaptable area, and a separate room with a fireplace. The building is located on S Broadway Avenue near Boise State University.

Key Highlights

• 2,025‑square‑foot office building built in 1936
• Main level includes three shared work areas, one configured with eight workstations
• Two additional main‑floor rooms, a private office, two bathrooms, kitchen, and dining area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,429

Cap Rate

4.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$548,580 $548.6K

Cap Rate 7%

$391,843 $391.8K

Cap Rate 9%

$304,767 $304.8K

Market Conditions

NOI Build-Up for 2,025 SF

Gross rent

$42.5K $21.00/SF

− Vacancy

−$6.0K −$2.94/SF

EGI

$36.6K $18.06/SF

− OpEx

−$9.1K −$4.52/SF

NOI

$27.4K $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%

$548,580

Cap Rate 7%

$391,843

Cap Rate 9%

$304,767

Alternative Uses

Best Use

Office B

$391.8K

$342.9K – $457.2K (±1% cap)

NOI $27,429 @ 7.0% cap · market cap 4.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$559.2K

$489.3K – $652.5K (±1% cap)

NOI $39,147 @ 7.0% cap · market cap 6.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Harkla Corporate Office Bowen Parker Day Financial Advisor Johnson Jannica L Accounting Firm

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Auto Parts Store Home Appliance Store HVAC Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,097

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Office in Boise, ID

7.5% 2020

5.8% 2021

8.8% 2022

11.1% 2023

10.6% 2024

11.5% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Near Boise State University, the property offers private offices, shared work areas, meeting space, and on-site kitchen and dining areas.

Where is this office building located?

The property is located at 1403 Broadway Avenue Boise, ID.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 2,025‑square‑foot office building built in 1936; Main level includes three shared work areas, one configured with eight workstations; Two additional main‑floor rooms, a private office, two bathrooms, kitchen, and dining area