Office Building with Flexible
New
For Sale
$575,000
1403 S Broadway Avenue, Boise, ID 83706
Commercial Sale, Boise, ID
Property Size2,000 SF
Lot Size0.14 Acres
Price / SF$283.95
Days on Market4
Property Features for 1403 S Broadway Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
MX-2 General use
Parking
4
Lot features
Standard Lot 6000-9999 S F, On City Bus Route
Directions
From I-84, North on Broadway, Building on West side just before McDonalds.
Standard status
Active
APN
R1955001000
Size
2,025 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
LOTS 4/5 BLK 16 DUNDEE 1ST SUB
Legal Description
LOTS 4/5 BLK 16 DUNDEE 1ST SUB
Utilities
Utilities
Propane
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1936
Floors in Building
1
Building materials
Concrete, Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Alison Blake · License #SP21058
(208) 409-7606
Added: Oct 12
Last Checked: Oct 15 at 3:06AM
MLS# 99003488
Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 2,025-square-foot office building was constructed in 1936 and is arranged across two levels. The main floor includes three shared work areas, two additional rooms, a private office, two bathrooms, and a kitchen and dining area. The lower level adds a large flexible room, a separate room with a fireplace, and storage space.
Located at 1403 S Broadway Avenue in Boise, the property sits near Boise State University. Construction combines concrete and frame materials. Building systems include forced-air, natural-gas heating and central air conditioning; propane is listed among the utilities.
Located at 1403 S Broadway Avenue in Boise, the property sits near Boise State University. Construction combines concrete and frame materials. Building systems include forced-air, natural-gas heating and central air conditioning; propane is listed among the utilities.
Key Highlights
- 2,025 square feet across two levels
- 0.14‑acre lot
- Main level has three shared work areas, two additional rooms, a private office, and two bathrooms
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.
How Realmo checks its estimates
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Current Use
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
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Market
Vacancy Rate% for Office in Boise, ID
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Frequently Asked Questions
What type of property is this?
Office building - Two levels provide a mix of shared work areas, private rooms, kitchen and dining space, and storage.
Where is this office building located?
The property is located at 1403 S 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 feet across two levels; 0.14‑acre lot; Main level has three shared work areas, two additional rooms, a private office, and two bathrooms
