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Four-Building Medical Office Portfolio
For Sale
$5,077,432

3040 North Five Mile Road, Boise, ID 83713

Four net-leased medical office buildings are organized across separate legal parcels.

Property SizeContact for details
Days on Market39

Property Features for 3040 North Five Mile Road

General Information

Standard status Active
Property subtype MULTI BUILDING MEDICAL OFFICE PORTFOLIO

Building Details

Buildings 4
Listing Agency: Lee & Associates - Boise
Listed By: Matt Mahoney, SIOR · License #31358
Source: Lee-associates
Added: Aug 3 Changed: Sep 9 Last Checked: Sep 9 at 7:58AM

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.

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

Property Analytics

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Current Use

Chiropractic Biophysics of Idaho Alternative Medicine Practice Denice Romero-Marquez Physician Nicole Bischel Physician Denice Yovina Romero-Marquez Physician Jordan Henretty Physician

Suggested Use

Top Pick Law Firm Hair Salon HVAC Service Restaurant Barber Shop Real Estate Agency

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

344
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Boise, ID

7.5% 2020
5.8% 2021
8.8% 2022
11.1% 2023
10.6% 2024
11.5% 2025
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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 North Five Mile Road 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
More about this property
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