Building Details

Stories 1

Tenancy Multi

Listing Agency: CornerPoint Commercial Real Estate

Listed By: Sherry Schoen · License #ID DB35724 Show Phone

Source: Crexi

Added: Jul 9, 2025 Changed: Oct 13 Last Checked: Oct 19 at 7:08AM

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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 CornerPoint Commercial Real Estate

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Investment Insights

Based on property information with market context.

This for-sale retail storefront property offers 5,305 square feet of commercial space and is presented as a storefront option within the broader retail and commercial category.

The property is located at 2727 W State St in Boise, Idaho. Additional details on the internal layout, condition, frontage, or current tenancy were not provided.

The offering is positioned for retail-oriented buyers looking for an existing storefront configuration within the stated size range.

Key Highlights

• Retail storefront commercial property in Boise
• 5,305 square feet of commercial space
• Year built: 1936

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,240

Cap Rate

4.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,344,800 $1.3M

Cap Rate 7%

$960,571 $960.6K

Cap Rate 9%

$747,111 $747.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,305 SF

Gross rent

$100.6K $18.96/SF

− Vacancy

−$4.5K −$0.85/SF

EGI

$96.1K $18.11/SF

− OpEx

−$28.8K −$5.43/SF

NOI

$67.2K $12.67/SF

Area

Ada County, ID

Vacancy

4.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,344,800

Cap Rate 7%

$960,571

Cap Rate 9%

$747,111

Alternative Uses

Best Use

Retail

$960.6K

$840.5K – $1.12M (±1% cap)

NOI $67,240 @ 7.0% cap · market cap 4.49%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,556 @ 7.0% cap · market cap 6.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The BoardRoom (Bike/Boat/Book/etc) Store Best Buy Office ... Furniture & Home Goods

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Garden Center Storage Facility Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

646

Businesses Nearby

25k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 60% Dining 37% Home Improvements & Furnishings 3%

Shell Shops & Services

11,151 visits/mo 0.4 miles

Jack in the Box Dining

7,154 visits/mo 0.5 miles

Jacksons Shops & Services

4,087 visits/mo 0.4 miles

Pizza Hut Dining

2,344 visits/mo 0.1 miles

True Value Hardware Home Improvements & Furnishings

682 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in Boise, ID

6.2% 2019

6.7% 2020

5.3% 2021

4.7% 2022

4.4% 2023

3.6% 2024

5.1% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - For sale retail storefront commercial property in Boise with 5,305 square feet of space.

Where is this storefront property located?

The property is located at 2727 W State St Boise, ID.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Retail storefront commercial property in Boise; 5,305 square feet of commercial space; Year built: 1936