Multi-Tenant Warehouse with Grade
For Sale
Contact for pricing
6125-6127 W Franklin Rd, Boise, ID 83709
Warehouse property with dock-high truck well, 8- to 12-foot ceilings, and multiple grade-level overhead doors.
Property Size8,752 SF
Price / SF$148.42
Days on Market62
Property Features for 6125-6127 W Franklin Rd
General Information
Standard status
Active
Size
8,752 SF
Property subtype
INDUSTRIAL
Zoning
MX-2
Warehouse & Industrial
Clear Height
12 ft
Drive-In Doors
7
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Lawrence Ross Commercial Real Estate LLC
Listed By:
Lawrence Ross · License #15564
(208) 861-9909
Source:
Moodyscre
Added: Jul 14
Changed: Sep 10
Last Checked: Sep 13 at 10:00AM
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 Lawrence Ross Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This warehouse property consists of 6125-6127 W Franklin Rd and is currently configured to accommodate 1 to 3 tenants. The building includes a dock-high truck well, which is currently filled with gravel, and ceiling height ranges from approximately 8 to 12 feet. There are (7) overhead doors at grade with 8- to 10-foot clearances, supporting flexible access for deliveries and storage.
Access is described as easy via I-184/I-84 to Curtis Rd, Cole Rd, and Franklin Rd. The property is zoned MX-2 Boise City. A monument sign on Franklin is noted with (4) panels sized 6 feet by 2 feet 6 inches.
For sale with existing tenants on short-term leases, showings require advance coordination—please do not disturb current tenants and call the broker to view.
Access is described as easy via I-184/I-84 to Curtis Rd, Cole Rd, and Franklin Rd. The property is zoned MX-2 Boise City. A monument sign on Franklin is noted with (4) panels sized 6 feet by 2 feet 6 inches.
For sale with existing tenants on short-term leases, showings require advance coordination—please do not disturb current tenants and call the broker to view.
Key Highlights
- Warehouse with dock‑high truck well and 8' to 12' ceiling height
- Zoned MX‑2 (Boise City)
- (7) overhead 8' to 10' grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,524
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,870,480
$1.9M
Cap Rate 7%
$1,336,057
$1.3M
Cap Rate 9%
$1,039,156
$1.0M
Market Conditions
NOI Build-Up for 8,752 SF
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.
Gross rent
$120.8K $13.80/SF
− Vacancy
−$10.7K −$1.23/SF
EGI
$110.0K $12.57/SF
− OpEx
−$16.5K −$1.89/SF
NOI
$93.5K $10.69/SF
Area
Ada County, ID
Vacancy
8.90%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,870,480
Cap Rate 7%
$1,336,057
Cap Rate 9%
$1,039,156
Alternative Uses
Best Use
Warehouse
$1.34M
$1.17M – $1.56M
NOI $93,524 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,194 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
7
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 83709, ID
59,461
Population
22,262
Households
2.7
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
33.7 sq mi
ZIP Area
1,764
Density / Sq Mi
$88,893
Median Household Income
$48,981
Median Earnings
$1,743
Median Rent
$440,700
Median Home Value
Market
Vacancy Rate% for Industrial in Boise, ID
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ABC Mini Storage — 5903 Franklin Rd, Boise, ID 83709
- Stor-It Self Storage — 55 N Allumbaugh St, Boise, ID 83704
- Idaho Storage Connection Franklin - Boise Storage Units — 10 N Hartman St, Boise, ID 83704
- Peasley Moving & Storage — 111 N Curtis Rd, Boise, ID 83706
- PortaBox Storage Boise — 103 n curtis rd, boise, id 83706
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with dock-high truck well, 8- to 12-foot ceilings, and multiple grade-level overhead doors.
Where is this warehouse located?
The property is located at 6125-6127 W Franklin Rd Boise, ID.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Warehouse with dock‑high truck well and 8' to 12' ceiling height; Zoned MX‑2 (Boise City); (7) overhead 8' to 10' grade‑level doors
