Mixed-Use Property on Vista
1015 S Vista Ave Boise, ID 83705
1015 S Vista Ave, Boise, ID, 83705
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For Sale
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Mixed-use property with high visibility and excellent access.
Property Size2,805 SF
Price / SF$213.01
Days on Market1023
Property Features for 1015 S Vista Ave
General Information
- Standard status
- Active
- Size
- 2,805 SF
- Property subtype
- Industrial, Mixed Use, Office, Retail
Listing Agency
Colliers - Boise, Idaho
Listed by
David Cadwell · License #ID SP24252
Source
Crexi
Added: Sep 28, 2023 Checked: Jul 15 at 10:46 pm
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 Colliers - Boise, Idaho
Investment Insights
Based on property information with market context.
This mixed-use property offers a unique opportunity with excellent access to the Boise Airport, Downtown, Vista Village, and Boise State University. The property benefits from great exposure and visibility, with a traffic count of 20,000 vehicles per day. Its location provides convenient access to I-184 and I-84 highways, both less than 10 minutes away. The property has a size of 2,805 square feet.
Key Highlights
- Excellent access to Boise Airport, Downtown, Vista Village and Boise State University
- Great exposure and visibility with 20,000 VPD
- Unique opportunity to purchase on Vista
Local Financial Insights For Office B
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 | $58.9k | $21.00 |
| − Vacancy | −$8.2k | −$2.94 |
| EGI | $50.7k | $18.06 |
| − OpEx | −$12.7k | −$4.52 |
| NOI | $38.0k | $13.54 |
2,805 SF · lease $21.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$542.8K
$474.9K – $633.2K
NOI $37,994 @ 7.0% cap · market cap 6.36%
Second Best
Retail
$507.9K
$444.4K – $592.6K
NOI $35,553 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$774.7K
$677.8K – $903.8K
NOI $54,226 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with high visibility and excellent access.
Where is this mixed-use property located?
The property is located at 1015 S Vista Ave Boise, ID.
What is the asking price?
The asking price for this property is $597,500.
What are key features of this property?
This property features: Excellent access to Boise Airport, Downtown, Vista Village and Boise State University; Great exposure and visibility with 20,000 VPD; Unique opportunity to purchase on Vista
