Two-Story Office
For Sale
Contact for pricing
5200 W State St, Boise, ID 83703
Two-story office building on 0.53-acre lot with dedicated parking and existing income through March 2027.
Property Size6,600 SF
Lot Size0.53 Acres
Price / SF$299.24
Days on Market156
Property Features for 5200 W State St
General Information
Standard status
Active
Size
6,600 SF
Total Parking Spaces
21
Lot size
0.53 Acres
Property subtype
OFFICE
Zoning
MX-3
Building Details
Year Built
2003
Stories
2
Listing Agency:
CBRE Boise
(208) 472-2842
Listed By:
Karena Gilbert · License #SP40048
Source:
Moodyscre
Added: Feb 24
Changed: Jul 28
Last Checked: Jul 29 at 3:03PM
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 CBRE Boise
Investment Insights
Based on property information with market context.
This two-story commercial office property offers approximately 6,600 square feet in a building constructed in 2003. The site sits on a 0.53-acre lot and includes 21 dedicated parking spaces. The property is currently generating income with an existing occupant through March 2027.
Located at 5200 W. State St. in Boise, Idaho, the building is supported by City of Boise-MX-3 zoning, which may allow for a range of commercial uses as permitted by the city. For buyers and brokers seeking an income-producing office asset with on-site parking and a defined occupancy term, this property provides a straightforward, built asset to underwrite.
Located at 5200 W. State St. in Boise, Idaho, the building is supported by City of Boise-MX-3 zoning, which may allow for a range of commercial uses as permitted by the city. For buyers and brokers seeking an income-producing office asset with on-site parking and a defined occupancy term, this property provides a straightforward, built asset to underwrite.
Key Highlights
- Two‑story commercial/office building totaling 6,600 SF on a 0.53‑acre lot
- Built in 2003
- Existing occupant in place through March 2027
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $21.00 |
| − Vacancy | −$19.4k | −$2.94 |
| EGI | $119.2k | $18.06 |
| − OpEx | −$29.8k | −$4.52 |
| NOI | $89.4k | $13.54 |
6,600 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,397 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,591 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 83703, ID
18,163
Population
7,971
Households
2.3
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
8.1 sq mi
ZIP Area
2,242
Density / Sq Mi
$74,415
Median Household Income
$41,938
Median Earnings
$1,336
Median Rent
$477,000
Median Home Value
Market
Vacancy Rate% for Office in Boise, ID
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building on 0.53-acre lot with dedicated parking and existing income through March 2027.
Where is this office building located?
The property is located at 5200 W State St Boise, ID.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Two‑story commercial/office building totaling 6,600 SF on a 0.53‑acre lot; Built in 2003; Existing occupant in place through March 2027
