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Retail Building with Drive-Through

5005 Overland Rd, Boise, ID 83705

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For Sale

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14,457 SF building on 1.79 acres with parking.

Type:Retail

Property size:

14,457 SF

Lot size:

1.79 Acres

Price / SF:

$242/SF

HighLights

Large Building Size: 14,457 SF
Ample Parking: 53 On‑Site Stalls
Sizeable Lot: 1.79 Acres
Drive‑Through Access (Former Rite Aid Tenant)
Pylon and Building Signage Spaces
Favorable Zoning: City‑of‑Boise MX‑3

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Contact an agent

LeAnn Hume

For Sale

Contact for pricing

14,457 SF building on 1.79 acres with parking.

Type:Retail

Property size:

14,457 SF

Lot size:

1.79 Acres

Price / SF:

$242/SF

Added:: May 24, 2024
Days on Market:: 775
Last Refresh:: Jul 5 at 2:44 pm

Property Features for 5005 Overland Rd

General Information

Standard status: Active
Size: 14,457 SF
Lot size: 1.79 Acres
Property subtype: Retail

Building Details

Year Built: 1998

We can help!

Contact an agent

LeAnn Hume

Listing office Summit Commercial Real Estate Group

Listing date May 24, 2024

Source Crexi

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 Group

HighLights

Large Building Size: 14,457 SF
Ample Parking: 53 On‑Site Stalls
Sizeable Lot: 1.79 Acres
Drive‑Through Access (Former Rite Aid Tenant)
Pylon and Building Signage Spaces
Favorable Zoning: City‑of‑Boise MX‑3

Overview

The property features a 14,457-square-foot building situated on a 1.79-acre lot. It includes 53 on-site parking stalls, providing a parking ratio of 3.66 spaces per 1,000 square feet. Formerly occupied by Rite Aid, the property includes a drive-through, two pylon signs, and building signage spaces. The parcel number is R1580340040, and the zoning is City-of-Boise MX-3. The property is located at 5005 Overland Rd, Boise, ID 83705.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$277.6k	$19.20
− Vacancy	−$12.5k	−$0.86
EGI	$265.1k	$18.34
− OpEx	−$66.3k	−$4.58
NOI	$198.8k	$13.75

14,457 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.84M

$2.49M – $3.31M (±1% cap)

NOI $198,813 @ 7.0% cap · market cap 5.68%

Second Best

Retail

$2.62M

$2.29M – $3.05M (±1% cap)

NOI $183,239 @ 7.0% cap · market cap 5.24%

Theoretical Best

Office A

$3.99M

$3.49M – $4.66M (±1% cap)

NOI $279,483 @ 7.0% cap · market cap 7.99%

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

Property Profile Location Intelligence

Current Use by Public Records

Rite Aid Photo (Bike/Boat/Book/etc) Store Glacier Water General Contractor Fatima Walizada Pharmacy Western Union Bank higi Physician

Suggested Use

Similar Places Nearby

Walgreens Pharmacy — 4924 W Overland Rd, Boise, ID 83705
Lori A. Hockenberry, PharmD — 4924 W Overland Rd, Boise, ID 83705
Fatima Walizada — 5005 W Overland Rd, Boise, ID 837052633
Valerie Murray, RPH — 4924 W Overland Rd, Boise, ID 83705
Stephanie Worden — 4924 W Overland Rd, Boise, ID 837052821

Location Insight

Map
Local Demand

City: Boise
County: Ada
State: Idaho
Longitude: -116.244168
Latitude: 43.5892872

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For sale
Drug stores
ID
Boise
83705
5005 Overland Rd

What type of property is this?

Drug store - 14,457 SF building on 1.79 acres with parking.

Where is this drug store located?

The property is located at 5005 Overland Rd Boise, ID.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Large Building Size: 14,457 SF; Ample Parking: 53 On‑Site Stalls; Sizeable Lot: 1.79 Acres

5005 Overland Rd, Boise, ID 83705

14,457 SF building on 1.79 acres with parking.

Property Features for 5005 Overland Rd

General Information

Building Details

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

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Four-Unit Residential Income Property

Duplex With Separate Unit Entrances

Duplex with Private Entrances and Garages

Fully Rented 4-Plex Investment

Townhouse-Style Multifamily Portfolio

Leased Triplex with Private Entrances

Well-Kept Duplex Income Property

Two-Unit Duplex With Shared Yard

Turnkey Duplex with Private Patios

Income-Producing Fourplex on Large Lot

Fourplex with Rental Shop

Three Quadplex Portfolio

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