Office Building with Flexible
For Sale
$575,000
1403 Broadway Avenue, Boise, ID 83706
Near Boise State University, the property offers private offices, shared work areas, meeting space, and on-site kitchen and dining areas.
Property Size2,000 SF
Price / SF$283.95
Days on Market15
Property Features for 1403 Broadway Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Site & Location
Neighborhood
South Boise Village
Amenities
Garage: 1 - 5 Spaces
1 - 5 Spaces
Building Details
Year Built
1936
Buildings
1
Building Size
2,000 SF
Listing Agency:
Keller Williams Realty Boise
Listed By:
Alison Blake · License #SP21058
(208) 409-4606
Source:
Clearwaterproperties
Added: Oct 14
Changed: Oct 27
Last Checked: Oct 26 at 4:01PM
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 Keller Williams Realty Boise
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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.
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
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
NOI $39,147 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,097
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Boise, ID
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
