Restored Victorian Office
For Sale
$898,888
Pending
1517 W Jefferson, Boise, ID 83702
Commercial Sale, Boise, ID
Property Size1,992 SF
Lot Size0.14 Acres
Days on Market88
Property Features for 1517 W Jefferson
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
City of Boise-MX-5
Parking
5
Exterior features
Paved Outside Area
Accessibility
Accessible Approach with Ramp
Lot features
Standard Lot 6000-9999 S F, Lawn Sprinklers, On City Bus Route
Directions
From State St & 16th St, S on 16th St, E on Jefferson to property (on the right)
Standard status
Pending
APN
R1013008066
Size
1,992 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
LOT 8 BLK 121 B C O T
Tax Annual Amount
5301
Legal Description
LOT 8 BLK 121 B C O T
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
covered front porch
mature landscaping
fenced yard
flagstone back patio
ADA-accessible ramp
kitchenette
Building Details
Year built
1905
Floors in Building
2
Flooring type
Wood
Building materials
Frame, Wood Siding
Roof type
Composition
Listing Agency:
Keller Williams Realty Boise
(208) 672-9000
Listed By:
Jill Giese · License #SP32228
(208) 327-2127
Added: Aug 3
Changed: Oct 19
Last Checked: Oct 29 at 12:06PM
MLS# 98996194
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.
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Investment Insights
Based on property information with market context.
Built in 1905, this restored frame office property combines original architectural character with a practical professional layout. The 1,992-square-foot building includes five private offices, a reception area, two waiting areas, a conference room, kitchenette, two restrooms, and substantial storage. Wood flooring, large windows, wood siding, natural-gas forced-air heat, and central air support the interior environment. An accessible ramp serves the primary entry and conference room.
Exterior features include a covered front porch, mature landscaping, a fenced yard, and a flagstone rear patio. Five off-street parking spaces sit behind the building with alley access. The property is currently fully occupied by Jefferson Street Counseling & Consulting, which has operated there since 2003; leases are month-to-month, and the tenants are willing to remain. MX-5 zoning applies.
Exterior features include a covered front porch, mature landscaping, a fenced yard, and a flagstone rear patio. Five off-street parking spaces sit behind the building with alley access. The property is currently fully occupied by Jefferson Street Counseling & Consulting, which has operated there since 2003; leases are month-to-month, and the tenants are willing to remain. MX-5 zoning applies.
Key Highlights
- 1,992‑square‑foot office building constructed in 1905
- Five private offices plus reception, two waiting areas, conference room, kitchenette, two restrooms, and storage
- Currently 100%-occupied by Jefferson Street Counseling & Consulting, operating at the property since 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,982
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,640
$539.6K
Cap Rate 7%
$385,457
$385.5K
Cap Rate 9%
$299,800
$299.8K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$41.8K $21.00/SF
− Vacancy
−$5.9K −$2.94/SF
EGI
$36.0K $18.06/SF
− OpEx
−$9.0K −$4.52/SF
NOI
$27.0K $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%
$539,640
Cap Rate 7%
$385,457
Cap Rate 9%
$299,800
Alternative Uses
Best Use
Office B
$385.5K
$337.3K – $449.7K
NOI $26,982 @ 7.0% cap · market cap 3.00%
Second Best
Healthcare Medical
$360.1K
$315.1K – $420.1K
NOI $25,207 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$550.1K
$481.4K – $641.8K
NOI $38,509 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,917
Businesses Nearby
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Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Boise, ID
Frequently Asked Questions
What type of property is this?
Office building - Historic professional office setting with private rooms, client areas, original details, and accessible main-level entry.
Where is this office building located?
The property is located at 1517 W Jefferson Boise, ID.
What is the asking price?
The asking price for this property is $898,888.
What are key features of this property?
This property features: 1,992‑square‑foot office building constructed in 1905; Five private offices plus reception, two waiting areas, conference room, kitchenette, two restrooms, and storage; Currently 100%-occupied by Jefferson Street Counseling & Consulting, operating at the property since 2003
