Partially Leased Strip
6728 W State St Boise, ID 83714
New
6728 W State St, Boise, ID, 83714
$1,790,000
For Sale
$1,790,000
Strip mall on State Street (Highway 44) with two vacant units and a parking lot slated for seal coat updates.
Property Size7,792 SF
Price / SF$229.72
Days on Market6
Property Features for 6728 W State St
General Information
- Standard status
- Active
- Size
- 7,792 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agency
Westerra Real Estate Group
(208) 329-4610
Listed by
Shawn Barton · License #SP58224
Source
Clearwaterproperties
Added: Jul 17 Updated: Jul 22 at 12:06PM Checked: Jul 22 at 12:06PM
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 Westerra Real Estate Group
Investment Insights
Based on property information with market context.
This strip mall investment is professionally maintained and currently partially leased. Two units are vacant, providing an immediate lease-up opportunity for an owner-operator or investor looking to increase total rental income.
The property is located at 6728 W State St in Boise, on State Street (Highway 44), offering exposure to daily traffic and convenient access to the Boise and surrounding communities, including Eagle.
In addition to the available space, the on-site parking lot is planned to be updated this summer with a new seal coat and striping, supporting ongoing curb appeal and practical site functionality.
The property is located at 6728 W State St in Boise, on State Street (Highway 44), offering exposure to daily traffic and convenient access to the Boise and surrounding communities, including Eagle.
In addition to the available space, the on-site parking lot is planned to be updated this summer with a new seal coat and striping, supporting ongoing curb appeal and practical site functionality.
Key Highlights
- Strip mall on highly traveled State Street (Highway 44) with strong frontage and convenient access to downtown Boise, Eagle, and surrounding communities
- Built in 2004
- Partially leased with two vacant units, offering immediate value‑add upside via lease‑up
Local Financial Insights For Retail
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 | $147.7k | $18.96 |
| − Vacancy | −$6.6k | −$0.85 |
| EGI | $141.1k | $18.11 |
| − OpEx | −$42.3k | −$5.43 |
| NOI | $98.8k | $12.67 |
7,792 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.65M
NOI $98,762 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,635 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tobacco Connection
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Strip mall on State Street (Highway 44) with two vacant units and a parking lot slated for seal coat updates.
Where is this strip mall located?
The property is located at 6728 W State St Boise, ID.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Strip mall on highly traveled State Street (Highway 44) with strong frontage and convenient access to downtown Boise, Eagle, and surrounding communities; Built in 2004; Partially leased with two vacant units, offering immediate value‑add upside via lease‑up
