Building Details

Buildings 1

Building Size 2,692 SF

Listing Agency: Goldman Ryden

Listed By: Matt Ryden · License #SP55166 Show Phone

Source: Crexi

Added: May 11 Changed: Oct 7 Last Checked: Oct 16 at 8:33AM

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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 Goldman Ryden

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Investment Insights

Based on property information with market context.

Located at 7722 W Ustick Rd in Boise, the property includes a vacant 2,692-square-foot medical office building on approximately 0.874 acres. The existing structure provides a functional starting point for medical office occupancy, adaptive reuse, or continued use while longer-term plans are evaluated.

The site carries MX-2 zoning, which supports consideration of mixed-use, multifamily, office, retail, and other higher-intensity development concepts, subject to applicable approvals. The combination of an existing commercial building and redevelopment land area offers flexibility for an owner-user, investor, or future development strategy.

Key Highlights

• Approximately 0.874‑acre infill property in Boise
• Existing 2,692‑square‑foot vacant medical office building
• MX‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,463

Cap Rate

4.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$729,260 $729.3K

Cap Rate 7%

$520,900 $520.9K

Cap Rate 9%

$405,144 $405.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,692 SF

Gross rent

$56.5K $21.00/SF

− Vacancy

−$7.9K −$2.94/SF

EGI

$48.6K $18.06/SF

− OpEx

−$12.2K −$4.52/SF

NOI

$36.5K $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 Rate 5%

$729,260

Cap Rate 7%

$520,900

Cap Rate 9%

$405,144

Alternative Uses

Best Use

Office B

$520.9K

$455.8K – $607.7K (±1% cap)

NOI $36,463 @ 7.0% cap · market cap 4.12%

Second Best

Healthcare Medical

$486.6K

$425.8K – $567.8K (±1% cap)

NOI $34,065 @ 7.0% cap · market cap 3.85%

Theoretical Best

Office A

$743.5K

$650.5K – $867.4K (±1% cap)

NOI $52,042 @ 7.0% cap · market cap 5.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Intermountain Pediatric Clinic: ... Pediatrician Partners in Health Medical Clinic

Suggested Use

Top Pick Bakery Grocery & Convenience Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Pharmacy Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

781

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 83704, ID

42,430

Population

17,776

Households

2.4

Avg Household Size

37

Median Age

32%

College-Educated

92%

High-School Grad

8.8 sq mi

ZIP Area

4,822

Density / Sq Mi

$70,806

Median Household Income

$37,201

Median Earnings

$1,363

Median Rent

$354,400

Median Home Value

Market

Vacancy Rate% for Office in Boise, ID

7.5% 2020

5.8% 2021

8.8% 2022

11.1% 2023

10.6% 2024

11.5% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing improvements support near-term medical office use within an MX-2 zoning framework, subject to applicable approvals.

Where is this medical office space located?

The property is located at 7722 W Ustick Rd Boise, ID.

What is the asking price?

The asking price for this property is $885,000.

What are key features of this property?

This property features: Approximately 0.874‑acre infill property in Boise; Existing 2,692‑square‑foot vacant medical office building; MX‑2 zoning