Retail Storefront with C-2
New
For Sale
Contact for pricing
7227 W State St, Boise, ID 83714
C-2 zoning supports retail, medical, office, and public-service uses.
Property Size4,812 SF
Price / SF$386.53
Days on Market3
Property Features for 7227 W State St
General Information
Standard status
Active
Size
4,812 SF
Property subtype
RETAIL
Zoning
C-2
Property Condition
Severity
Repairs Needed
Evidence
requires limited near-term capital improvements
Site & Location
Corner Location
Yes
Traffic Count
71,600 vehicles/day
Additional Details
Gross Income
$237,384
Building Details
Year Built
2015
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap, Inc.
(206) 826-5700
Listed By:
Clayton Brown · License #WA:123258,ID:SP56979
(206) 826-5787
Source:
Moodyscre
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:22AM
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 Marcus & Millichap, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,812-square-foot commercial building was constructed in 2015 and is currently occupied by Mattress Firm under a lease that runs through June 2027. Its C-2 (General Commercial) zoning accommodates retail, medical, office, and public service uses, providing flexibility for a range of commercial functions after the current lease term.
The property occupies the signalized intersection of W State Street and N Glenwood Street, with reported traffic of more than 71,600 vehicles per day. Nearby retailers include Walmart, Albertsons, Ross, Dollar Tree, Goodwill, and D&B Supply, along the W State Street retail corridor. The property is in the Boise MSA, with more than 184,000 residents within five miles and average household income above $110,000. The area’s population grew nearly 6% over the past five years, with another 5% projected.
The property occupies the signalized intersection of W State Street and N Glenwood Street, with reported traffic of more than 71,600 vehicles per day. Nearby retailers include Walmart, Albertsons, Ross, Dollar Tree, Goodwill, and D&B Supply, along the W State Street retail corridor. The property is in the Boise MSA, with more than 184,000 residents within five miles and average household income above $110,000. The area’s population grew nearly 6% over the past five years, with another 5% projected.
Key Highlights
- 4,812 SF commercial building constructed in 2015
- Leased to Mattress Firm through June 2027
- C‑2 (General Commercial) zoning allows retail, medical, office, and public service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,991
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,820
$1.2M
Cap Rate 7%
$871,300
$871.3K
Cap Rate 9%
$677,678
$677.7K
Market Conditions
NOI Build-Up for 4,812 SF
Gross rent
$91.2K $18.96/SF
− Vacancy
−$4.1K −$0.85/SF
EGI
$87.1K $18.11/SF
− OpEx
−$26.1K −$5.43/SF
NOI
$61.0K $12.67/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,820
Cap Rate 7%
$871,300
Cap Rate 9%
$677,678
Alternative Uses
Best Use
Retail
$871.3K
$762.4K – $1.02M
NOI $60,991 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,026 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
71,600 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
311k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Superstores 28%
Groceries 12%
Apparel 9%
Walmart
Superstores
85,859 visits/mo
0.3 miles
Albertsons
Groceries
30,762 visits/mo
0.2 miles
D&B Supply
Home Improvements & Furnishings
21,108 visits/mo
0.2 miles
Ross Dress for Less
Apparel
15,139 visits/mo
0.1 miles
Panda Express
Dining
14,106 visits/mo
0.1 miles
Demographics for 83714, ID
26,181
Population
11,672
Households
2.2
Avg Household Size
43
Median Age
45%
College-Educated
94%
High-School Grad
54.2 sq mi
ZIP Area
483
Density / Sq Mi
$86,114
Median Household Income
$43,867
Median Earnings
$1,384
Median Rent
$468,100
Median Home Value
Market
Vacancy Rate% for Retail in Boise, ID
Similar Off Market Nearby
- Johnson Floral & Decor — 6712 N Glenwood St, Garden City, ID 83714
- Albertsons Floral — 7100 W State St, Boise, ID 83714
Frequently Asked Questions
What type of property is this?
Storefront property - C-2 zoning supports retail, medical, office, and public-service uses.
Where is this storefront property located?
The property is located at 7227 W State St Boise, ID.
What is the asking price?
The asking price for this property is $1,860,000.
What are key features of this property?
This property features: 4,812 SF commercial building constructed in 2015; Leased to Mattress Firm through June 2027; C‑2 (General Commercial) zoning allows retail, medical, office, and public service uses
