Modern Small-Bay Industrial
2137 S Saturn Way Boise, ID 83709
New
2137 S Saturn Way, Boise, ID, 83709
$2,600,000
For Sale
$2,600,000
New construction small-bay industrial suites with private offices, restrooms, and insulated overhead doors in a light industrial park.
Property Size10,000 SF
Price / SF$260
Days on Market3
Property Features for 2137 S Saturn Way
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Industrial
Listing Agency
Lee & Associates - Boise
(208) 602-4500
Listed by
Shane Jimenez · License #AB26555
(208) 602-4500
Source
Lee-associates
Added: Jul 19 Updated: Jul 20 at 2:32 am Checked: Jul 20 at 2:32 am
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 Lee & Associates - Boise
Investment Insights
Based on property information with market context.
Building 4 at Skyway Industrial Park is a newly constructed small-bay industrial development offering approximately 10,000 square feet of modern industrial space. Suites are designed for a range of contractor and service-oriented uses, with a modern storefront office entrance, five private offices and restrooms per suite, and an open warehouse or shop area. The building includes 16’ W x 14’ H insulated overhead doors and an NFPA 13 fire sprinkler system, with energy-efficient insulated metal construction.
The property is located in the City of Boise and zoned I-1 (Light Industrial). It is situated within a professionally planned industrial park setting with ample on-site parking and 200 Amp 3-phase power. The location provides access to Interstate 84, Boise Airport, Downtown Boise, and the greater Treasure Valley.
The property is located in the City of Boise and zoned I-1 (Light Industrial). It is situated within a professionally planned industrial park setting with ample on-site parking and 200 Amp 3-phase power. The location provides access to Interstate 84, Boise Airport, Downtown Boise, and the greater Treasure Valley.
Key Highlights
- Building 4 in Skyway Industrial Park: approximately 10,000 SF of new small‑bay industrial space
- Under construction 2,000–10,000 SF suites in the City of Boise, zoned I‑1 (Light Industrial)
- Each suite includes a modern storefront office entrance plus 5 private offices and restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $210.0k | $21.00 |
| − Vacancy | −$29.4k | −$2.94 |
| EGI | $180.6k | $18.06 |
| − OpEx | −$45.2k | −$4.52 |
| NOI | $135.5k | $13.54 |
10,000 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.26M
NOI $135,450 @ 7.0% cap · market cap 5.21%
Second Best
Warehouse
$1.53M
$1.34M – $1.78M
NOI $106,860 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,320 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- The Tony Cannoli — 7609 W Overland Rd, Boise, ID 83709
FAQs
What type of property is this?
Flex space - New construction small-bay industrial suites with private offices, restrooms, and insulated overhead doors in a light industrial park.
Where is this flex space located?
The property is located at 2137 S Saturn Way Boise, ID.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Building 4 in Skyway Industrial Park: approximately 10,000 SF of new small‑bay industrial space; Under construction 2,000–10,000 SF suites in the City of Boise, zoned I‑1 (Light Industrial); Each suite includes a modern storefront office entrance plus 5 private offices and restrooms
