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    1721 Five Mile Rd Boise, ID 83713

    Sponsored
    For Lease
    Contact for pricing

    0.97 Acres, Build-to-Suit Available

    Lot size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.97-acre mixed-use development parcel presents a prime investment opportunity in Ada County, Idaho. Strategically located at the high-traffic intersection of Five Mile Road and Fairview Avenue, this build-ready site boasts 23,500 cars per day passing on Five Mile Road. The property is zoned City-of-Boise MX-3, allowing for a diverse range of development options, including medical, commercial, traditional office, and executive office spaces. Utilities are readily available on-site. The minimum divisible square footage for build-to-suit projects is 8,500 square feet, with a total building capacity of 1,200 square feet. This location offers exceptional retail synergy, surrounded by established local, regional, and national businesses, benefiting from a strong demographic profile. Its proximity to major retail centers such as The Village at Meridian and Meridian Crossroads further enhances its appeal. An adjacent 15,444 square foot building on 1.8 acres (former Rite Aid) is also available for separate purchase or lease, presenting potential for synergistic development. The sales price, ground lease terms, and build-to-suit rates are all negotiable. The parcel number is S1103449211. This is a truly unique opportunity to capitalize on a high-demand location within a thriving commercial corridor. Interested parties are encouraged to explore the detailed demographic reports and zoning information available online.

    Property Features for 1721 Five Mile Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF

    Unit(s) available at that property

    Space
    Mixed-Use Land For Lease
    Size
    42,253 SF
    Space
    Build-to-Suit
    Size
    8,500 SF

    HighLights

    • High‑traffic mixed‑use land at the Fairview Ave & Five Mile Rd intersection in Boise's Treasure Valley.
    • MX‑3 zoning allows for diverse development options.
    • Excellent retail location with strong surrounding businesses and demographics.
    • Proximity to major retail centers including The Village at Meridian and Meridian Crossroads.
    • Adjacent 15,444 SF building (former Rite Aid) on 1.8 acres is available for separate purchase or lease.
    • Negotiable sales price, ground lease, and build‑to‑suit options are available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -116.31419151521
    Latitude
    43.620187339287

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    FAQs

    What type of property is this?
    Medical office - 0.97 Acres, Build-to-Suit Available
    Where is this medical office located?
    The property is located at 1721 Five Mile Rd Boise, ID.
    What are key features of this property?
    This property features: High-traffic mixed-use land at the Fairview Ave & Five Mile Rd intersection in Boise's Treasure Valley.; MX-3 zoning allows for diverse development options.; Excellent retail location with strong surrounding businesses and demographics.
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    1721 Five Mile Rd Boise, ID 83713
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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
    1721 Five Mile Rd Boise, ID 83713
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