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    11880 Overland Rd Boise, ID 83709

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    3.5-acre development opportunity in Boise, ID

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.506-acre commercial land parcel presents a fully entitled development opportunity in Boise, Idaho. Located at the strategic intersection of Overland and Cloverdale Roads, this R-3 zoned property (APN: S1115336405) offers unparalleled access to major highways, public transportation, and local amenities. Boise's robust population growth and high demand for housing create a compelling investment climate. The site is ideally suited for a multifamily residential development, with plans already in place for a modern, sustainable complex featuring studio, one, and two-bedroom units across two buildings. This project is designed to meet the growing need for high-quality, accessible housing in the area, promising strong occupancy rates and rental income growth. The property's prime location and the supportive Boise investment community contribute to its significant potential for return. This is a rare chance to capitalize on Boise's thriving real estate market and contribute to the city's expanding residential landscape. The property's address is 11880 W Overland Rd, Boise, ID 83709, within Ada County. This fully entitled project offers a streamlined path to development, minimizing delays and maximizing efficiency. The cost-efficient design of the planned units further enhances the project's financial viability.

    Property Features for 11880 Overland Rd

    General Information

    Property type
    Land
    Lot Size
    152,721 SF

    HighLights

    • 3.506‑acre fully entitled commercial land parcel in Boise, ID.
    • R‑3 zoned property at Overland & Cloverdale Roads intersection, offering excellent highway, public transit, and amenity access.
    • Prime location for multifamily development, plans in place for a two‑building complex with studio, one-, and two‑bedroom units.
    • Boise's strong population growth and housing demand create a compelling investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.330443
    Latitude
    43.5907952

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    FAQs

    What type of property is this?
    Land - 3.5-acre development opportunity in Boise, ID
    Where is this land located?
    The property is located at 11880 Overland Rd Boise, ID.
    What are key features of this property?
    This property features: 3.506-acre fully entitled commercial land parcel in Boise, ID.; R-3 zoned property at Overland & Cloverdale Roads intersection, offering excellent highway, public transit, and amenity access.; Prime location for multifamily development, plans in place for a two-building complex with studio, one-, and two-bedroom units.
    Request Owner's contact information
    11880 Overland Rd Boise, ID 83709
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    Boise, ID 83709
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11880 Overland Rd Boise, ID 83709
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