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Former Bank Branch For Sale

3197 N COLE RD, Boise, ID

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For Sale

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Multi-tenant retail-office building with high traffic and visibility.

Type:RETAIL

Property size:

7,719 SF

Lot size:

0.65 Acres

Price / SF:

$194/SF

HighLights

Signalized intersection location at Ustick & Cole with high traffic counts and unobstructed visibility.
Versatile property suitable for retail, restaurant, office, or medical use.
Existing drive‑thru and ample on‑site parking.
Multiple building signage areas with access from two major roads.
Located in a well‑established neighborhood surrounded by businesses, retailers, restaurants, and schools.
Strong demographics & income profile in the surrounding area.

We can help!

Listing Contact

Andrea Nilson

For Sale

Contact for pricing

Multi-tenant retail-office building with high traffic and visibility.

Type:RETAIL

Property size:

7,719 SF

Lot size:

0.65 Acres

Price / SF:

$194/SF

Added:: Jul 22, 2025
Days on Market:: 328
Last Refresh:: May 20 at 8:14 pm

Property Features for 3197 N COLE RD

General Information

Standard status: Active
Size: 7,719 SF
Lot size: 0.65 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Andrea Nilson

Listing agent Andrea Nilson License #SP39275

Listing office Summit Commercial Real Estate

Listing date Jul 22, 2025

Source Moodyscre

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 Summit Commercial Real Estate

HighLights

Signalized intersection location at Ustick & Cole with high traffic counts and unobstructed visibility.
Versatile property suitable for retail, restaurant, office, or medical use.
Existing drive‑thru and ample on‑site parking.
Multiple building signage areas with access from two major roads.
Located in a well‑established neighborhood surrounded by businesses, retailers, restaurants, and schools.
Strong demographics & income profile in the surrounding area.

Overview

This multi-tenant retail-office building, formerly a bank branch, is located at the signalized intersection of Ustick and Cole. The property, totaling 7719 square feet, is suitable for retail, restaurant, office, medical, and other professional services. It features existing drive-thru infrastructure, on-site parking, and multiple signage areas. Access is available from both Ustick and Cole Roads, benefiting from high traffic counts and unobstructed visibility on both thoroughfares. The configuration includes separate entrances to each suite, a maintenance and telecom room, and common area restrooms and a breakroom area with a kitchenette. The property is surrounded by local, regional, and national businesses, retailers, and restaurants, including a Walmart Neighborhood Market, Boise Library, Maverik, Jack in the Box, Stinker Store, Idaho Fitness Factory, USPS, Subway, and Idaho Capital Asian Market. It is situated in a well-established neighborhood near Mountain View and Valley View Elementary Schools, Fairmont Junior High School, Capital High School, Spaulding Ranch, and city parks. The surrounding area features strong demographics and income profiles.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$148.2k	$19.20
− Vacancy	−$6.7k	−$0.86
EGI	$141.5k	$18.34
− OpEx	−$35.4k	−$4.58
NOI	$106.2k	$13.75

7,719 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,152 @ 7.0% cap · market cap 7.08%

Second Best

Office B

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,554 @ 7.0% cap · market cap 6.97%

Theoretical Best

Office A

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,224 @ 7.0% cap · market cap 9.95%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

WaFd Bank Bank

Suggested Use

Location Insight

Map
Local Demand

City: Boise
County: Ada
State: Idaho
Longitude: -116.275
Latitude: 43.6336

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For sale
Banks
ID
Boise
3197 N COLE RD

What type of property is this?

Bank - Multi-tenant retail-office building with high traffic and visibility.

Where is this bank located?

The property is located at 3197 N COLE RD Boise, ID.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Signalized intersection location at Ustick & Cole with **high traffic counts and unobstructed visibility.**; Versatile property suitable for retail, restaurant, office, or medical use.; **Existing drive‑thru and ample on‑site parking.**

3197 N COLE RD, Boise, ID

Multi-tenant retail-office building with high traffic and visibility.

Property Features for 3197 N COLE RD

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Fully Rented 4-Plex Investment

Townhouse-Style Multifamily Portfolio

Income-Producing Fourplex on Large Lot

Corner-Lot Multifamily Income Property

Duplex with Shared Yard

Duplex with Gas Fireplaces

Turn-Key Tri-Plex Income Property

Fourplex with Rental Shop

Triplex with Private Yards

Triplex with Private Yards

Three Quadplex Portfolio

Duplex with Shared Garage Sound Barrier

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