Class A Office
For Sale
$599,000
398 9th St, Boise, ID 83702
Modern office suite with four private offices, a conference room, break room, work room, and private restroom with shower.
Property Size1,911 SF
Price / SF$313.45
Days on Market105
Property Features for 398 9th St
General Information
Standard status
Active
Size
1,911 SF
Class
A
Property subtype
Commercial
Site & Location
Neighborhood
Downtown Boise
Building Details
Year Built
2005
Listing Agency:
Story Commercial, LLC
Listed By:
Jay Story · License #DB26324
(208) 841-8320
Source:
Clearwaterproperties
Added: Jul 17
Changed: Oct 28
Last Checked: Oct 28 at 8:21AM
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 Story Commercial, LLC
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Investment Insights
Based on property information with market context.
Class A office suite built in 2005, designed to support a contemporary professional work environment. The interior includes four private offices, a conference room, break room, work room, and a full bathroom with a shower. The layout is flexible and suited for a range of workplace needs.
Located in Downtown Boise’s BoDo district, the property offers convenient parking in an adjacent garage. This suite is also available for lease.
The suite is presented as a complete office space with dedicated amenities, including a conference room and separate private office areas.
Located in Downtown Boise’s BoDo district, the property offers convenient parking in an adjacent garage. This suite is also available for lease.
The suite is presented as a complete office space with dedicated amenities, including a conference room and separate private office areas.
Key Highlights
- Built in 2005 Class A office in Boise’s BoDo (Downtown) district
- Flexible office layout with four private offices
- Includes conference room, break room, and work room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,884
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,680
$517.7K
Cap Rate 7%
$369,771
$369.8K
Cap Rate 9%
$287,600
$287.6K
Market Conditions
NOI Build-Up for 1,911 SF
Gross rent
$40.1K $21.00/SF
− Vacancy
−$5.6K −$2.94/SF
EGI
$34.5K $18.06/SF
− OpEx
−$8.6K −$4.52/SF
NOI
$25.9K $13.54/SF
Area
Ada County, ID
Vacancy
14.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,680
Cap Rate 7%
$369,771
Cap Rate 9%
$287,600
Alternative Uses
Best Use
Office B
$369.8K
$323.6K – $431.4K
NOI $25,884 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.8K
$461.8K – $615.7K
NOI $36,943 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,326
Businesses Nearby
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Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
Median Home Value
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Market
Vacancy Rate% for Office in Boise, ID
Frequently Asked Questions
What type of property is this?
Office unit - Modern office suite with four private offices, a conference room, break room, work room, and private restroom with shower.
Where is this office unit located?
The property is located at 398 9th St Boise, ID.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Built in 2005 Class A office in Boise’s BoDo (Downtown) district; Flexible office layout with four private offices; Includes conference room, break room, and work room
