Mixed-Use Retail
8460 W Emerald St, Boise, ID 83704
For Sale
$2,800,000
MX-3 zoning accommodates retail, office, residential, and hospitality uses.
Property Size9,950 SF
Lot Size2.05 Acres
Days on Market53
Property Features for 8460 W Emerald St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Road Access
Land
Land Use
Subdividable
Additional Details
Liquor License
Amenities
on-site surface parking
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Lee & Associates Idaho LLC
Listed By:
Drey Campbell, PhD, CCIM · License ID #50545
(208) 440-1926
Source:
Lee-associates
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 5:33AM
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 LLC
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 retail property comprises a 2.047-acre assemblage that may be acquired as a whole or divided into separate parcels. The site includes a building constructed in 2000 and an extensive paved surface parking area around the structure. MX-3 zoning supports a range of commercial and mixed-use applications, including retail, office, residential, and hospitality uses.
Located at 8460 W Emerald St in Boise, the property fronts Emerald St within the city’s primary retail corridor. The site benefits from high daily traffic counts and is surrounded by established regional and national co-tenants. Its configuration supports acquisition of the building, separate development of excess land, or a broader mixed-use strategy, subject to applicable approvals.
Located at 8460 W Emerald St in Boise, the property fronts Emerald St within the city’s primary retail corridor. The site benefits from high daily traffic counts and is surrounded by established regional and national co-tenants. Its configuration supports acquisition of the building, separate development of excess land, or a broader mixed-use strategy, subject to applicable approvals.
Key Highlights
- 2.047‑acre assemblage available as a whole or in split parcels
- MX‑3 zoning supports retail, office, residential, and hospitality uses
- Building constructed in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,029
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,220,580
$3.2M
Cap Rate 7%
$2,300,414
$2.3M
Cap Rate 9%
$1,789,211
$1.8M
Market Conditions
NOI Build-Up for 9,950 SF
Gross rent
$220.9K $22.20/SF
− Vacancy
−$6.2K −$0.62/SF
EGI
$214.7K $21.58/SF
− OpEx
−$53.7K −$5.39/SF
NOI
$161.0K $16.18/SF
Area
Ada County, ID
Vacancy
2.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,220,580
Cap Rate 7%
$2,300,414
Cap Rate 9%
$1,789,211
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $161,029 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$1.80M
$1.58M – $2.10M
NOI $126,114 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,353 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
694k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 30%
Superstores 18%
Apparel 8%
Target
Superstores
126,759 visits/mo
0.1 miles
Barnes & Noble
Shops & Services
60,784 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
41,456 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
38,953 visits/mo
0.4 miles
Ross Dress for Less
Apparel
36,057 visits/mo
0.2 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
View Realmo Analytics
Market
Properties on Market for Retail space in Boise
Vacancy Rate% for Retail in Boise, ID
Frequently Asked Questions
What type of property is this?
Retail space - MX-3 zoning accommodates retail, office, residential, and hospitality uses.
Where is this retail space located?
The property is located at 8460 W Emerald St Boise, ID.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 2.047‑acre assemblage available as a whole or in split parcels; MX‑3 zoning supports retail, office, residential, and hospitality uses; Building constructed in 2000
