Two-Building Mixed-Use
New
For Sale
$1,765,000
7965 & 7995 W Fairview Ave, Boise, ID 83704
A leased drive-through restaurant is paired with adaptable office and retail space with month-to-month tenancy.
Property Size6,749 SF
Lot Size1.11 Acres
Days on Market2
Property Features for 7965 & 7995 W Fairview Ave
General Information
Standard status
Active
Size
6,749 SF
Lot size
1.11 Acres
Property subtype
Retail
Zoning
MX-3 8
Site & Location
Drive-Thru
Yes
Pylon Signage
Yes
Building Details
Building Size
6,749 SF
Year Built
1973
Buildings
2
Tenancy
Multi
Listing Agency:
Lee & Associates Idaho
Listed By:
Trey Thomas · License #SP51767
(208) 340-3697
Source:
Lee-associates
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:05AM
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 two-building property combines a 1,689-square-foot drive-through restaurant leased to Taco Time with a 5,060-square-foot office and retail building divided into four suites. The restaurant lease is NNN and runs through July 13, 2028, with one five-year option. Built in 1973, the office and retail building was originally configured for a single occupant and can be opened back up to a larger floor plan. Its three current tenants are on month-to-month leases, allowing suites to be delivered vacant as needed.
The offering includes 1.105 acres of MX-3 8-zoned land at 7965 and 7995 W Fairview Ave in Boise. A separate adjacent rear lot of approximately 13,164 square feet contributes lot-rent income and additional site flexibility. Fairview Ave frontage and pylon signage are also part of the property.
The offering includes 1.105 acres of MX-3 8-zoned land at 7965 and 7995 W Fairview Ave in Boise. A separate adjacent rear lot of approximately 13,164 square feet contributes lot-rent income and additional site flexibility. Fairview Ave frontage and pylon signage are also part of the property.
Key Highlights
- Two‑building offering on 1.105 acres zoned MX‑3 8
- 1,689 SF drive‑through restaurant leased to Taco Time through July 13, 2028, with one five‑year option
- 5,060 SF office/retail building with four suites; three tenants are month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,812
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,240
$1.9M
Cap Rate 7%
$1,325,886
$1.3M
Cap Rate 9%
$1,031,244
$1.0M
Market Conditions
NOI Build-Up for 6,749 SF
Gross rent
$129.6K $19.20/SF
− Vacancy
−$5.8K −$0.86/SF
EGI
$123.7K $18.34/SF
− OpEx
−$30.9K −$4.58/SF
NOI
$92.8K $13.75/SF
Area
Ada County, ID
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,856,240
Cap Rate 7%
$1,325,886
Cap Rate 9%
$1,031,244
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,812 @ 7.0% cap · market cap 5.26%
Second Best
Retail
$1.22M
$1.07M – $1.43M
NOI $85,542 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,472 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
564k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 32%
Groceries 21%
Home Improvements & Furnishings 7%
WinCo Foods
Groceries
83,126 visits/mo
0.2 miles
Barnes & Noble
Shops & Services
60,784 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
41,456 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
38,953 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
32,865 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Boise, ID
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased drive-through restaurant is paired with adaptable office and retail space with month-to-month tenancy.
Where is this mixed-use property located?
The property is located at 7965 & 7995 W Fairview Ave Boise, ID.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: Two‑building offering on 1.105 acres zoned MX‑3 8; 1,689 SF drive‑through restaurant leased to Taco Time through July 13, 2028, with one five‑year option; 5,060 SF office/retail building with four suites; three tenants are month‑to‑month
