Four-Tenant Strip Retail
New
For Sale
$1,910,000
4554 West Chinden Boulevard, Boise, ID 83714
C-1-zoned, single-story retail property with storefront glazing and pylon signage along Chinden Boulevard.
Property Size11,515 SF
Lot Size0.69 Acres
Price / SF$165.87
Days on Market2
Property Features for 4554 West Chinden Boulevard
General Information
Standard status
Active
Size
11,515 SF
Lot size
0.69 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Financials
Asking Price
$1,910,000
Cap Rate
6.84%
Opportunity Zone
Yes
Additional Details
Pylon Signage
Yes
Building Details
Building Size
11,515 SF
Year Built
1957
Buildings
1
Stories
1
Tenancy
Multi
Listed By:
Chase Erkins, SIOR
(208) 789-4900
Source:
Lee-associates
Added: Oct 19
Last Checked: Oct 19 at 2:11PM
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 Chase Erkins, SIOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story strip retail property contains 11,515 SF on a 0.689-acre site and was built in 1957. Four tenants occupy the building, which is fully leased. Storefront glazing and pylon signage face Chinden Boulevard, identified as US-20/26. The property carries C-1 zoning.
The tenant roster includes an anchor that has occupied the location since 2007, with its current term extending through 2030. Lease terms across the four tenancies are staggered. The property’s physical configuration, street-facing signage and existing multi-tenant occupancy are key features of the offering.
The tenant roster includes an anchor that has occupied the location since 2007, with its current term extending through 2030. Lease terms across the four tenancies are staggered. The property’s physical configuration, street-facing signage and existing multi-tenant occupancy are key features of the offering.
Key Highlights
- Fully leased to 4 tenants with staggered lease terms
- 11,515 SF single‑story building on 0.689 acres
- Anchor tenant at the property since 2007; term runs through 2030
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,950
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,919,000
$2.9M
Cap Rate 7%
$2,085,000
$2.1M
Cap Rate 9%
$1,621,667
$1.6M
Market Conditions
NOI Build-Up for 11,515 SF
Gross rent
$218.3K $18.96/SF
− Vacancy
−$9.8K −$0.85/SF
EGI
$208.5K $18.11/SF
− OpEx
−$62.5K −$5.43/SF
NOI
$145.9K $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%
$2,919,000
Cap Rate 7%
$2,085,000
Cap Rate 9%
$1,621,667
Alternative Uses
Best Use
Retail
$2.09M
$1.82M – $2.43M
NOI $145,950 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,608 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Groceries 27%
State Liquor Store
Groceries
4,928 visits/mo
0.4 miles
Jacksons
Shops & Services
4,047 visits/mo
0.2 miles
Shell
Shops & Services
3,829 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
2,682 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,392 visits/mo
0.3 miles
Demographics for 83714, ID
26,181
Population
11,672
Households
2.2
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
483
Density / Sq Mi
$86,114
Median Household Income
$43,867
Median Earnings
$1,384
Median Rent
$468,100
Median Home Value
Market
Vacancy Rate% for Retail in Boise, ID
Frequently Asked Questions
What type of property is this?
Strip mall - C-1-zoned, single-story retail property with storefront glazing and pylon signage along Chinden Boulevard.
Where is this strip mall located?
The property is located at 4554 West Chinden Boulevard Boise, ID.
What is the asking price?
The asking price for this property is $1,910,000.
What are key features of this property?
This property features: Fully leased to 4 tenants with staggered lease terms; 11,515 SF single‑story building on 0.689 acres; Anchor tenant at the property since 2007; term runs through 2030
