Freestanding Office Building in
3010 W State St, Boise, ID 83703
7,518 SF office building with high visibility and accessibility.
Type:Freestanding Office
Property size:
7,518 SFPrice / SF:
$238/SF- Added:
- Nov 21, 2025
- Days on Market:
- 185
- Last Refresh:
- Apr 6 at 1:04 am
Property Features for 3010 W State St
General Information
- Standard status
- Active
- Size
- 7,518 SF
- Property subtype
- Freestanding Office
Listing agent Kekaula Kaniho License #ID SP26430 (208) 947-0853
Listing office Thornton Oliver Keller - Boise (208) 947-0853
Listing date Nov 21, 2025
Source Tokcommercial
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 Thornton Oliver Keller - Boise
HighLights
- Freestanding 7,518 SF office building ideal for owner‑users with MX‑4 zoning.
- High visibility with State Street frontage at a signalized intersection with over 30,000 vehicles per day.
- Functional layout featuring private offices, conference room, open workspace, storage, and break room.
- Ample on‑site parking and easy accessibility.
- Located in the State Street District, an urban renewal zone.
- Close proximity to downtown, Garden City, central Boise, and Eagle.
Overview
Located at 3010 W State St, Boise, ID, this 7,518 SF freestanding office building presents a prime owner-user opportunity. Zoned MX-4, the property features a functional layout suitable for various office users, including private offices, a conference room, open workspace, storage areas, and a break room. The building benefits from prominent State Street frontage at a signalized intersection, providing visibility to over 30,000 vehicles per day. Ingress and egress points are available to State Street, Whitewater Boulevard, and Davis Street. On-site parking and additional street parking offer easy accessibility. The property is situated in the State Street District, an urban renewal zone focused on upgrading public infrastructure and incentivizing private investment along the corridor. Its location offers close proximity to downtown, Garden City, central Boise, and Eagle, surrounded by high-density residential areas.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.13M
NOI $101,831 @ 9.00% cap · cautious / downside scenario
Moderate
$1.45M
NOI $101,831 @ 7.00% cap · market / base-case scenario
Aggressive
$2.04M
NOI $101,831 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.9k | $21.00 |
| − Vacancy | −$22.1k | −$2.94 |
| EGI | $135.8k | $18.06 |
| − OpEx | −$33.9k | −$4.52 |
| NOI | $101.8k | $13.54 |
7,518 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.45M
$1.27M – $1.70M
NOI $101,831 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,338 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Casa Program IV ...
Law Firm
Family Advocate Program ...
Social Service Agency
Location Insight
- Map
- Local Demand
- City
- Boise
- County
- Ada
- State
- Idaho
- Longitude
- -116.227
- Latitude
- 43.6344
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 7,518 SF office building with high visibility and accessibility.
Where is this office building located?
The property is located at 3010 W State St Boise, ID.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Freestanding 7,518 SF office building ideal for owner‑users with MX‑4 zoning.; High visibility with State Street frontage at a signalized intersection with over 30,000 vehicles per day.; Functional layout featuring private offices, conference room, open workspace, storage, and break room.
