Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5005 W Overland Rd Boise, ID 83705

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    14,457 SF retail space with drive-through and parking.

    Type:Retail, Special Purpose
    Property size:
    14,457 SF
    Lot size:
    1.79 Acres
    Added:
    May 24, 2024
    Days on Market:
    688
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 5005 W Overland Rd

    General Information

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

    Building Details

    Year Built
    1998

    Spaces For Lease

    at 5005 W Overland Rd Contact us

    We can help!

    Listing Contact
    LeAnn Hume

    Listing agent LeAnn Hume License #ID DB28514

    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

    Overview

    Retail Space with Drive-Through

    This 14,457 square foot retail space is situated on a 1.79-acre lot. The property features 53 on-site parking stalls, providing a 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 property is zoned MX-3 by the City of Boise. Lease rates and tenant improvement allowances are negotiable.
    Property Profile Insight Report 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

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    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

    Nearby Similar for Lease

    • $94,400/mo

      High-Traffic Retail Suite in Boise

      900 SF commercial suite in high-traffic Boise retail center.
      3506 W State St. unit: 102, Boise, ID 83703
      View Details
    • $120,000/mo

      Prime Commercial Space in Boise

      High-visibility commercial property with flexible zoning and dual access.
      2304-2314 W Main St., Boise, ID 83702
      View Details
    • $269,468/mo

      Adaptable Single-Story Office Suite

      Efficient single-story office suite with open areas and private offices.
      391 N Ancestor Place unit: Suite 150, Boise, ID 83704
      View Details
    • Sponsored
      Contact for pricing

      ID, Boise - W Elder St

      3295 Elder St, Unit 4TH, Boise, ID 83705
      View Details
    • Contact for pricing

      Boise Downtown

      950 Bannock St, Unit 1100, Boise, ID 83702
      View Details
    • $13/mo

      Updated Office Building on Vista

      Recently updated office building with excellent visibility and convenient location.
      2323 South Vista Avenue, Boise, ID, 83705
      View Details
    • $16/mo

      Boise Bench Two-Story Office Condo

      Two-story office condo with open workspace and private offices.
      410 South Orchard Street, Ste. 116, Boise, ID, 83705
      View Details
    • $26/mo

      Downtown Boise Office Space Available

      Historic Veltex Building office space for lease in downtown Boise.
      420 W. Main Street, Boise, ID 83702
      View Details
    • $16/mo

      Remodeled Bar & Grill Space

      High-visibility bar and grill with Franklin Rd frontage.
      5500 W Franklin Rd, Boise, ID 83705
      View Details
    • $19/mo

      Move-in Ready Retail Space

      Retail space with Greenbelt access in downtown Boise.
      1105 W Lee St, Boise, ID 83702
      View Details
    • $22/mo

      Redesigned Office Space For Rent

      Bright, open office spaces with modern amenities and abundant parking.
      1500 W. Shoreline Drive, Boise, ID 83702
      View Details
    • $17/mo

      Boise Office Space for Lease

      Premier Boise office space with ample parking and scenic views.
      500 Baybrook Ct, Boise, ID 83706
      View Details

    FAQs

    What type of property is this?
    Drug store - 14,457 SF retail space with drive-through and parking.
    Where is this drug store located?
    The property is located at 5005 W Overland Rd Boise, ID.
    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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    LeAnn Hume
    Real Estate License ID: ID DB28514
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!