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    5100-5350 Overland Rd Boise, ID 83705

    For Lease
    $20 SF/Yr

    Boise retail space; multiple units available.

    Lot size:
    168,693 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Hillcrest Shopping Center presents a unique investment opportunity in Boise, Idaho. This established 168,693 square foot shopping center, built in 1963 and situated on a 24.73-acre lot, offers multiple retail spaces for lease. Currently, 7,299 square feet of space is available, with units ranging from a minimum of 999 square feet to a maximum contiguous space of 6,300 square feet. The property boasts ample parking, a significant advantage for both tenants and customers. Its location in a rapidly growing area of Boise offers excellent visibility and accessibility, with convenient proximity to major freeways and the airport. The MX-3 zoning allows for flexible use, encompassing retail, office, and even industrial applications, thanks to the presence of roll-up and dock doors in some units. This mixed-use potential provides significant adaptability for prospective tenants. Highly competitive lease rates and low NNN expenses make this a financially attractive proposition. The strong retail synergy within the existing development further enhances the value and potential for success. This is an exceptional opportunity to establish a presence in a thriving Boise submarket.

    Property Features for 5100-5350 Overland Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    168,693 SF
    Total Rate
    281155

    Building Details

    Year Built
    1963

    Unit(s) available at that property

    Space
    Suite 5120-2
    Size
    999 SF
    Rate per SF
    $20
    Space
    Former Movie Theater
    Size
    6,300 SF

    HighLights

    • Highly competitive lease rates with low NNN expenses.
    • Ample parking.
    • Located in a rapidly developing Boise submarket.
    • Convenient freeway and airport access.
    • Zoned for office and retail uses.
    • Features roll‑up and dock doors, suitable for industrial applications.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -116.2450517
    Latitude
    43.5919398

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    FAQs

    What type of property is this?
    Lifestyle center - Boise retail space; multiple units available.
    Where is this lifestyle center located?
    The property is located at 5100-5350 Overland Rd Boise, ID.
    What is the lease rate?
    The lease rate is $0.00-$20 SF/Yr.
    What are key features of this property?
    This property features: Highly competitive lease rates with low NNN expenses.; Ample parking.; Located in a rapidly developing Boise submarket.
    Request Owner's contact information
    5100-5350 Overland Rd Boise, ID 83705
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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
    5100-5350 Overland Rd Boise, ID 83705
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