Office Condo with Private
New
For Sale
$2,350,000
755 West Front Street Suite 200, Boise, ID 83702
Functional office space includes private offices, open work areas, and a large conference room.
Property Size10,316 SF
Days on Market2
Property Features for 755 West Front Street Suite 200
General Information
Standard status
Active
Size
10,316 SF
Class
A
Property subtype
Office - General Office
Building Details
Building Size
10,316 SF
Listing Agency:
Lee & Associates Idaho
Listed By:
Gordan Clemens · License #58993– SP
(208) 401-8776
Source:
Commercialcafe
Added: Sep 1
Last Checked: Sep 2 at 1:55PM
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 Lee & Associates Idaho
Investment Insights
Based on property information with market context.
This 10,316-square-foot office condo at 755 West Front Street, Suite 200, provides a practical mix of private and collaborative work areas. The layout includes private offices, open workspace, a large conference room, kitchen facilities, a private patio, and abundant restrooms. An on-site gym and three private showers add employee amenities within the suite.
The property is positioned in downtown Boise across from Trader Joe’s, with restaurants, coffee shops, and retail located steps away. The configuration can accommodate a growing company or an established firm seeking dedicated office space in a central downtown setting.
The property is positioned in downtown Boise across from Trader Joe’s, with restaurants, coffee shops, and retail located steps away. The configuration can accommodate a growing company or an established firm seeking dedicated office space in a central downtown setting.
Key Highlights
- 10,316 SF office condo at 755 West Front Street, Suite 200
- Private offices and open work areas support varied workplace needs
- Large conference room, kitchen, private patio, and abundant restrooms
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
$139,730
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
5.95%
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%
$2,794,600
$2.8M
Cap Rate 7%
$1,996,143
$2.0M
Cap Rate 9%
$1,552,556
$1.6M
Market Conditions
NOI Build-Up for 10,316 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
$216.6K $21.00/SF
− Vacancy
−$30.3K −$2.94/SF
EGI
$186.3K $18.06/SF
− OpEx
−$46.6K −$4.52/SF
NOI
$139.7K $13.54/SF
Area
Ada County, ID
Vacancy
14.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,794,600
Cap Rate 7%
$1,996,143
Cap Rate 9%
$1,552,556
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.33M
NOI $139,730 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,429 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 83702, ID
23,951
Population
12,771
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
763
Density / Sq Mi
$82,586
Median Household Income
$48,200
Median Earnings
$1,175
Median Rent
$708,000
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 units - Functional office space includes private offices, open work areas, and a large conference room.
Where is this office units located?
The property is located at 755 West Front Street Suite 200 Boise, ID.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 10,316 SF office condo at 755 West Front Street, Suite 200; Private offices and open work areas support varied workplace needs; Large conference room, kitchen, private patio, and abundant restrooms
