Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1655 Fairview Ave Boise, ID 83702

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Boise office space, multiple suites available.

    Lot size:
    26,137 SF

    Property Features for 1655 Fairview Ave

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    26,137 SF
    Class
    B
    Total Rate
    38116.46

    Spaces For Lease

    at 1655 Fairview Ave, Boise, ID 83702 Contact us
    Unit Suite 100

    $19 /Mo

    Size
    2,499 SF
    Contact us
    Unit Suite 202

    $17 /Mo

    Size
    541 SF
    Contact us

    We can help!

    Listing Contact
    Kekaula Kaniho

    Listing Agency: TOK Commercial Listing Agent: Kekaula Kaniho

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class B office building, located at 1655 Fairview Avenue in Boise, Idaho's vibrant downtown submarket, offers a variety of executive office suites for lease. The property, known as 16th & Fairview, boasts a total of 26,137 square feet, with multiple tenancy options available. Currently, there is 3,040 square feet of vacant space, divisible into units ranging from a minimum of 541 square feet to a maximum contiguous space of 2,499 square feet. This presents a unique opportunity for businesses seeking flexible and adaptable office solutions in a highly desirable location. The building is situated in Ada County, zip code 83702, providing easy access to the city's amenities and transportation networks. Limited parking is available on-site with 6 total spaces. This is an ideal location for businesses seeking a prestigious address in the heart of Boise's downtown area. The property's convenient location and flexible space options make it an attractive choice for a variety of businesses. Inquire today to learn more about the available suites and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boise City Canal ... Water Utility Company CR Languages Language School Made Right Media Marketing & Advertising SOVRN - A creative agency Marketing & Advertising Glam Bam Lashes Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.2135258
    Latitude
    43.6202127

    Nearby Similar for Lease

    • $94,400
      5,900 SF

      High-Traffic Retail Suite in Boise

      900 SF commercial suite in high-traffic Boise retail center.
      3506 W State St, Boise, ID 83703
      View Details
    • $269,468
      17,385 SF

      Adaptable Single-Story Office Suite

      Efficient single-story office suite with open areas and private offices.
      391 N Ancestor Pl Unit, Boise, ID 83704
      View Details
    • $120,000
      2,770 SF

      Prime Commercial Space in Boise

      High-visibility commercial property with flexible zoning and dual access.
      2304-2314 W Main St, Boise, ID 83702
      View Details
    • Contact for pricing

      Boise Downtown

      Discover many ways to work your way in Boise Downtown
      950 Bannock St, Boise, ID 83702
      View Details
    • Sponsored
      Contact for pricing

      ID, Boise - W Elder St

      Discover many ways to work your way in Highland Pointe
      3295 Elder St, Boise, ID 83705
      View Details
    • $8,000 /Mo
      24,361 SF

      Retail Center Near Residential Development

      Retail spaces in North Boise near residential development for lease.
      7403 W Saxton Dr, Boise, ID 83714
      View Details
    • $19 SF/Yr
      4,580 SF

      Furnished Office Space in Boise

      Fully furnished office suite with ample parking in West Boise.
      12594 West Explorer Dr, Boise, ID 83713
      View Details
    • $16 SF/Yr
      21,647 SF

      Retail Space with Pylon Signage

      Retail space with high visibility and full access on Overland.
      6555 W Overland Rd, Boise, ID 83709
      View Details
    • $28 SF/Yr
      24,708 SF

      Prime Downtown Retail/Restaurant Space

      High-visibility retail/restaurant space in Boise's vibrant downtown district.
      777 West Main St, Boise, ID 83702
      View Details
    • $20 SF/Yr

      Professional Office Suites For Lease

      Centrally located office suites with remodeled interiors and freeway access.
      3320 N Milwaukee St, Boise, ID 83704
      View Details
    • $2,648 /Mo
      4,032 SF

      Move-in Ready Office Space

      Well-maintained office space in a convenient, visible Boise location.
      1433 N Cole Rd, Boise, ID 83704
      View Details
    • $3,500 /Mo
      4,848 SF

      Downtown Boise Office Building

      Charming office building in downtown Boise with versatile layout.
      506 S 5Th St, Boise, ID 83702
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Boise office space, multiple suites available.
    Where is this office property located?
    The property is located at 1655 Fairview Ave Boise, ID.
    What is the lease rate?
    The lease rate is $17-$19 SF/Yr.
    What are key features of this property?
    This property features: High-growth downtown Boise submarket.; Prime downtown Boise location, near major thoroughfares.; Newly renovated with extensive capital improvements.
    (208) 280-3130 Call to check price and availability
    Request Owner's contact information
    1655 Fairview Ave Boise, ID 83702
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1655 Fairview Ave
    Boise, ID 83702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1655 Fairview Ave Boise, ID 83702
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kekaula Kaniho
    (208) 280-3130
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!