Retail Building with Ample
8958 W Ardene St. Boise, ID 83709
8958 W Ardene St., Boise, ID, 83709
$1,950,000
For Sale
$1,950,000
Contemporary 8,200 SF retail building with a versatile interior layout, ample parking, and high visibility in the Boise area.
Property Size8,200 SF
Price / SF$237.80
Days on Market107
Property Features for 8958 W Ardene St.
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Property subtype
- Retail - Street Retail
Listing agency
NAI Select
Listed by
Mike Erkmann · License #SP36834
Source
Commercialcafe
Added: Apr 8 Updated: Jul 21 at 9:19PM Checked: Jul 22 at 2:29AM
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 NAI Select
Investment Insights
Based on property information with market context.
This contemporary retail building offers a versatile interior layout designed to support retail or street retail uses. The property includes a spacious interior and approximately 8,200 square feet of building area, with ample parking and high visibility intended to serve active street-facing commerce.
Located at 8958 W. Ardene St. in Boise, the surrounding area is described as a mix of urban conveniences and natural beauty. Boise Towne Square is noted as a short drive away, and the Village at Meridian is also nearby, offering additional retail, dining, and entertainment options.
Located at 8958 W. Ardene St. in Boise, the surrounding area is described as a mix of urban conveniences and natural beauty. Boise Towne Square is noted as a short drive away, and the Village at Meridian is also nearby, offering additional retail, dining, and entertainment options.
Key Highlights
- 8,200 SF contemporary retail building with a versatile interior layout
- Positioned for retail or street retail investors in the Boise area
- Ample parking available on the property
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.5k | $18.96 |
| − Vacancy | −$7.0k | −$0.85 |
| EGI | $148.5k | $18.11 |
| − OpEx | −$44.5k | −$5.43 |
| NOI | $103.9k | $12.67 |
8,200 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,933 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,522 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gracie Barra South ...
Training Center
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Contemporary 8,200 SF retail building with a versatile interior layout, ample parking, and high visibility in the Boise area.
Where is this retail space located?
The property is located at 8958 W Ardene St. Boise, ID.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 8,200 SF contemporary retail building with a versatile interior layout; Positioned for retail or street retail investors in the Boise area; Ample parking available on the property
