Former Bank Branch For
3197 N COLE RD Boise, ID
3197 N COLE RD, Boise, ID, 00000
Contact for pricing
For Sale
Contact for pricing
Multi-tenant retail-office building with high traffic and visibility.
Property Size7,719 SF
Lot Size0.65 Acres
Price / SF$194.33
Days on Market362
Property Features for 3197 N COLE RD
General Information
- Standard status
- Active
- Size
- 7,719 SF
- Lot size
- 0.65 Acres
- Property subtype
- RETAIL
Listing Agency
Summit Commercial Real Estate
(208) 890-4028
Listed by
Andrea Nilson · License #SP39275
(208) 890-4028
Source
Moodyscre
Added: Jul 22, 2025 Checked: Jul 17 at 5:58 am
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Specialty Retail
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 | $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
NOI $106,152 @ 7.0% cap · market cap 7.08%
Second Best
Office B
$1.49M
$1.31M – $1.74M
NOI $104,554 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,224 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
WaFd Bank
Bank
Similar For Sale Nearby
FAQs
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.**
