Retail Storefront
For Sale
$1,750,000
2727 W State St, Boise, ID 83702
For sale retail storefront commercial property in Boise with 5,305 square feet of space.
Property Size5,305 SF
Price / SF$329.88
Days on Market181
Property Features for 2727 W State St
General Information
Standard status
Active
Size
5,305 SF
Property subtype
Retail
Building Details
Building Size
5,305 SF
Year Built
1936
Buildings
1
Listing Agency:
Kidder Mathews
Listed By:
Bill Davis · License #8671734
(208) 859-8329
Source:
Kidder
Added: Mar 8
Changed: Aug 8
Last Checked: Mar 26 at 9:48AM
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 Kidder Mathews
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,800
$1.3M
Cap Rate 7%
$960,571
$960.6K
Cap Rate 9%
$747,111
$747.1K
Market Conditions
NOI Build-Up for 5,305 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $67,240 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,556 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $1,750,000.
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
