Office Condo with Private
For Sale
$599,000
2-5513 N Glenwood St, Garden City, ID 83704
Flexible layout includes reception areas, storage, and cross-access parking.
Property Size1,937 SF
Price / SF$309.24
Days on Market58
Property Features for 2-5513 N Glenwood St
General Information
Standard status
Active
Size
1,937 SF
Additional Details
Office Units
1
Building Details
Construction
contemporary
Listing Agency:
Lofthus Group
Listed By:
Gerri Kelley
(208) 571-3360
Source:
Exprealty
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 26 at 4:39PM
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 Lofthus Group
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Investment Insights
Based on property information with market context.
This 1,937-square-foot office condominium at 2-5513 N Glenwood St in Garden City offers a flexible professional layout. The suite includes two entrances, six private offices that can also serve as treatment rooms, two bathrooms, and two sizable reception areas that may accommodate multiple workstations. Two storage rooms provide additional functional space.
Cross-access parking serves the property, and the tenant is responsible for all utilities. The combination of private rooms, reception areas, storage, and dual access supports a range of professional office configurations without relying on a single layout.
Cross-access parking serves the property, and the tenant is responsible for all utilities. The combination of private rooms, reception areas, storage, and dual access supports a range of professional office configurations without relying on a single layout.
Key Highlights
- 1,937‑square‑foot office condominium in Garden City
- Two entrances provide separate access points
- Six private offices or treatment rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,237
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,740
$524.7K
Cap Rate 7%
$374,814
$374.8K
Cap Rate 9%
$291,522
$291.5K
Market Conditions
NOI Build-Up for 1,937 SF
Gross rent
$40.7K $21.00/SF
− Vacancy
−$5.7K −$2.94/SF
EGI
$35.0K $18.06/SF
− OpEx
−$8.7K −$4.52/SF
NOI
$26.2K $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%
$524,740
Cap Rate 7%
$374,814
Cap Rate 9%
$291,522
Alternative Uses
Best Use
Office B
$374.8K
$328.0K – $437.3K
NOI $26,237 @ 7.0% cap · market cap 4.38%
Second Best
Healthcare Medical
$350.2K
$306.4K – $408.5K
NOI $24,511 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$534.9K
$468.1K – $624.1K
NOI $37,446 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
Business Placement
Demographics for 83704, ID
42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible layout includes reception areas, storage, and cross-access parking.
Where is this office unit located?
The property is located at 2-5513 N Glenwood St Garden City, ID.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,937‑square‑foot office condominium in Garden City; Two entrances provide separate access points; Six private offices or treatment rooms
