Anchored Retail Space For
For Sale
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3317-3485 N Cole Road, Boise, ID 83704
Commercial space with high visibility and foot traffic, anchored by Walmart.
Property Size117,087 SF
Price / SF$0.05
Days on Market274
Property Features for 3317-3485 N Cole Road
General Information
Standard status
Active
Size
117,087 SF
Property subtype
Retail
Lease Term
NNN
Site & Location
Neighborhood
West Bench
Building Details
Building Size
117,087 SF
Year Built
1975
Properties For Sale
at 3317-3485 N Cole Road Contact usSuite - 3363
Size
4,303 SF
Type
Strip Center
Term
Negotiable
Suite - 3415
Size
4,503 SF
Type
Strip Center
Term
Negotiable
Listing Agency:
TOK Commercial
Listed By:
Holly Chetwood, CCIM · License #SP39024
(208) 947-0827
Source:
Tokcommercial
Added: Jan 27
Changed: Oct 26
Last Checked: Oct 28 at 6:49AM
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 TOK Commercial
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Investment Insights
Based on property information with market context.
This commercial space, anchored by Walmart Neighborhood Market, benefits from high visibility and significant foot traffic. The tenant mix includes the US Post Office, Idaho State Liquor Store, Subway, and Idaho Fitness. Suite 3363 features a roll-up door. Suite 3415 is a former fitness space with an open floor plan. The property is located at the intersection of N Cole Road and Ustick Road, near the West Boise Library Annex. Its location offers close proximity to major employers and Boise Towne Square Mall. The property size is 117087 square feet.
Key Highlights
- Anchored by Walmart Neighborhood Market, providing high visibility and consistent foot traffic.
- High‑traffic location** with key tenants including US Post Office, Idaho State Liquor Store, Subway, and Idaho Fitness.
- Convenient roll‑up door (Suite 3363).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,484,050
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,681,000
$29.7M
Cap Rate 7%
$21,200,714
$21.2M
Cap Rate 9%
$16,489,444
$16.5M
Market Conditions
NOI Build-Up for 117,087 SF
Gross rent
$2.22M $18.96/SF
− Vacancy
−$99.9K −$0.85/SF
EGI
$2.12M $18.11/SF
− OpEx
−$636.0K −$5.43/SF
NOI
$1.48M $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,681,000
Cap Rate 7%
$21,200,714
Cap Rate 9%
$16,489,444
Alternative Uses
Best Use
Retail
$21.20M
$18.55M – $24.73M
NOI $1,484,050 @ 7.0% cap · market cap 25,153.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$32.34M
$28.29M – $37.73M
NOI $2,263,526 @ 7.0% cap · market cap 38,364.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 40%
Dining 13%
Walmart Neighborhood Market
Groceries
31,904 visits/mo
0.1 miles
Idaho Central Credit Union
Shops & Services
10,832 visits/mo
0.4 miles
Maverik Adventures First Stop
Shops & Services
10,295 visits/mo
0.2 miles
Jack in the Box
Dining
8,548 visits/mo
0.1 miles
Sinclair
Shops & Services
7,401 visits/mo
0.1 miles
Demographics for 83704, ID
42,430
Population
17,776
Households
2.4
Avg Household Size
37
Median Age
32%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
4,822
Density / Sq Mi
$70,806
Median Household Income
$37,201
Median Earnings
$1,363
Median Rent
$354,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Boise, ID
Similar Off Market Nearby
- Ann made glass — 3113 N Cole Rd, Boise, ID 83704
- Idaho Asian Plaza — 3015-3149 N Cole Rd, Boise, ID 83704
- Cole Village — 3305 N Cole Rd, Boise, ID 83704
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc, 5425 W Chinden Blvd, Boise, ID 83714
Frequently Asked Questions
What type of property is this?
Shopping center - Commercial space with high visibility and foot traffic, anchored by Walmart.
Where is this shopping center located?
The property is located at 3317-3485 N Cole Road Boise, ID.
What are key features of this property?
This property features: Anchored by Walmart Neighborhood Market, providing **high visibility and consistent foot traffic**.; High‑traffic location** with key tenants including US Post Office, Idaho State Liquor Store, Subway, and Idaho Fitness.; Convenient roll‑up door (Suite 3363).
