Broadway Avenue Office/Retail
2234 S Broadway Ave, Boise, ID 83706
For Sale
Contact for pricing
Highly visible Boise office/retail asset with redevelopment potential.
Property Size1,957 SF
Lot Size0.16 Acres
Price / SF$357.69
Days on Market235
Property Features for 2234 S Broadway Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Listing Agency:
Goldman Ryden
Listed By:
Matt Ryden · License ID SP55166
(208) 377-0422
Source:
Crexi
Added: Mar 23
Changed: Nov 10
Last Checked: Nov 12 at 7:50AM
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 Goldman Ryden
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Investment Insights
Based on property information with market context.
The property at 2234 S Broadway Avenue offers a unique opportunity to acquire a highly visible office/retail asset. The building contains approximately 1,957 square feet and is situated on a 0.155-acre parcel. The property will be delivered vacant, offering immediate occupancy for an owner-user or a repositioning opportunity for an investor. Benefiting from strong exposure along South Broadway Avenue, with approximately 26,750 vehicles per day, the property has direct access to Downtown Boise, Boise State University, and Interstate 84. The site is surrounded by dense residential and student housing and is well-positioned for a wide range of office, medical, retail, or service uses. This asset provides a flexible, infill opportunity in a supply-constrained submarket.
Key Highlights
- Highly visible location on South Broadway Avenue (±26,750 VPD) with direct access to Downtown Boise, Boise State University, and Interstate 84.
- Vacant ±1,957 SF building on a 0.155‑acre parcel, offering immediate occupancy.
- Flexible infill opportunity suitable for a wide range of office, medical, retail, or service uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,438
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,760
$488.8K
Cap Rate 7%
$349,114
$349.1K
Cap Rate 9%
$271,533
$271.5K
Market Conditions
NOI Build-Up for 1,957 SF
Gross rent
$42.3K $21.60/SF
− Vacancy
−$3.2K −$1.62/SF
EGI
$39.1K $19.98/SF
− OpEx
−$14.7K −$7.49/SF
NOI
$24.4K $12.49/SF
Area
Ada County, ID
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,760
Cap Rate 7%
$349,114
Cap Rate 9%
$271,533
Alternative Uses
Best Use
Mixed Use
$349.1K
$305.5K – $407.3K
NOI $24,438 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.5K
$472.9K – $630.6K
NOI $37,833 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
444
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
Properties on Market for Mixed-use properties in Boise
Frequently Asked Questions
What type of property is this?
Mixed-use property - Highly visible Boise office/retail asset with redevelopment potential.
Where is this mixed-use property located?
The property is located at 2234 S Broadway Ave Boise, ID.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Highly visible location on South Broadway Avenue (±26,750 VPD) with direct access to Downtown Boise, Boise State University, and Interstate 84.; Vacant ±1,957 SF building on a 0.155‑acre parcel, offering immediate occupancy.; Flexible infill opportunity suitable for a wide range of office, medical, retail, or service uses.
