Building Details

Year Built 1920

Listing Agency: Silvercreek Realty Group

Listed By: Tracy Volpi · License #556117 Show Phone

Source: Michaelryanrealestate

Added: Sep 28 Last Checked: Oct 4 at 6:57AM

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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 Silvercreek Realty Group

Investment Insights

Based on property information with market context.

Built in 1920, this 1,155-square-foot mixed-use property is a former market structure. The building is ready for renovation or a complete interior build-out, providing a chance to rework the existing space around a new concept.

The property is on Boise’s Bench and borders a bike path with a connection to the Boise River Greenbelt. Its location also offers exposure to vehicle traffic and people traveling on foot or by bicycle.

Key Highlights

• 1,155‑square‑foot building constructed in 1920
• Former market structure on Boise’s Bench
• Borders a bike path connected to the Boise River Greenbelt

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,884

Cap Rate

3.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$317,680 $317.7K

Cap Rate 7%

$226,914 $226.9K

Cap Rate 9%

$176,489 $176.5K

Market Conditions

NOI Build-Up for 1,155 SF

Gross rent

$22.2K $19.20/SF

− Vacancy

−$998 −$0.86/SF

EGI

$21.2K $18.34/SF

− OpEx

−$5.3K −$4.58/SF

NOI

$15.9K $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%

$317,680

Cap Rate 7%

$226,914

Cap Rate 9%

$176,489

Alternative Uses

Best Use

Specialty Retail

$226.9K

$198.6K – $264.7K (±1% cap)

NOI $15,884 @ 7.0% cap · market cap 3.97%

Second Best

Retail

$209.1K

$183.0K – $244.0K (±1% cap)

NOI $14,639 @ 7.0% cap · market cap 3.66%

Theoretical Best

Office A

$319.0K

$279.1K – $372.1K (±1% cap)

NOI $22,328 @ 7.0% cap · market cap 5.58%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Grandma's Attic (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Locksmith Tanning Salon Parking Lot & Garage Travel Agency

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

1,007

Businesses Nearby

63k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Shops & Services 36% Apparel 12% Home Improvements & Furnishings 3%

McDonald's Dining

17,191 visits/mo 0.2 miles

SONIC Drive In Dining

9,825 visits/mo 0.2 miles

Idaho Youth Ranch Apparel

7,474 visits/mo 0.4 miles

Wells Fargo Shops & Services

7,151 visits/mo 0.3 miles

Chevron Shops & Services

5,895 visits/mo 0.4 miles

Demographics for 83706, ID

34,446

Population

15,992

Households

2.2

Avg Household Size

31

Median Age

57%

College-Educated

95%

High-School Grad

7.4 sq mi

ZIP Area

4,655

Density / Sq Mi

$81,101

Median Household Income

$33,331

Median Earnings

$1,378

Median Rent

$488,900

Median Home Value

Market

Vacancy Rate% for Retail in Boise, ID

6.2% 2019

6.7% 2020

5.3% 2021

4.7% 2022

4.4% 2023

3.6% 2024

5.1% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The 1920 building sits beside a bike route linking with the Boise River Greenbelt.

Where is this mixed-use property located?

The property is located at 802 N Garden Boise, ID.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 1,155‑square‑foot building constructed in 1920; Former market structure on Boise’s Bench; Borders a bike path connected to the Boise River Greenbelt