Four-Building Medical Office
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For Sale
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3040 N Five Mile Rd., Boise, ID 83713
Four net-leased medical office buildings are organized across separate legal parcels.
Property Size23,916 SF
Price / SF$212.30
Days on Market7
Property Features for 3040 N Five Mile Rd.
General Information
Standard status
Active
Size
23,916 SF
Class
B
Property subtype
Office
Zoning
MX-1
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1999
Year Renovated
2021
Buildings
4
Tenancy
Single
Listing Agency:
Lee & Associates - Boise
(208) 340-9780
Listed By:
Matt Mahoney · License #ID 31358
Source:
Crexi
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 5 at 7:56AM
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.
This office portfolio includes four medical office buildings totaling 23,916 SF. Constructed in 1999, the properties are leased on a net basis to a credit tenant operating in a government-funded industry. Each building occupies its own legal parcel, providing separate ownership for the components of the portfolio.
The property is located at 3040 N. Five Mile Rd. in Boise, Idaho, and carries MX-1 zoning. The offering combines multiple medical office buildings with individually parceled real estate under a net lease structure.
The property is located at 3040 N. Five Mile Rd. in Boise, Idaho, and carries MX-1 zoning. The offering combines multiple medical office buildings with individually parceled real estate under a net lease structure.
Key Highlights
- Four medical office buildings totaling 23,916 SF
- Net‑leased portfolio with a credit tenant in a government‑funded industry
- Each building is situated on its own legal parcel
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 | $502.2k | $21.00 |
| − Vacancy | −$70.3k | −$2.94 |
| EGI | $431.9k | $18.06 |
| − OpEx | −$108.0k | −$4.52 |
| NOI | $323.9k | $13.54 |
23,916 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.63M
$4.05M – $5.40M
NOI $323,942 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.78M – $7.71M
NOI $462,344 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 83713, ID
30,056
Population
12,019
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
4,554
Density / Sq Mi
$86,419
Median Household Income
$45,276
Median Earnings
$1,716
Median Rent
$421,600
Median Home Value
Market
Vacancy Rate% for Office in Boise, ID
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Four net-leased medical office buildings are organized across separate legal parcels.
Where is this office building located?
The property is located at 3040 N Five Mile Rd. Boise, ID.
What is the asking price?
The asking price for this property is $5,077,432.
What are key features of this property?
This property features: Four medical office buildings totaling 23,916 SF; Net‑leased portfolio with a credit tenant in a government‑funded industry; Each building is situated on its own legal parcel
