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    The Largest CRE Database in the US with Over 1 Million Listings

    250 Bobwhite Ct Boise, ID 83706

    Sponsored
    For Lease
    $20 SF/Yr

    Premium Boise office space available.

    Lot size:
    33,378 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    The Greystone Building, a Class B office property located at 250 Bobwhite Court in Boise, Idaho's Southeast submarket, offers exceptional executive office space for lease. Built in 1986, this building boasts a total of 33,378 square feet, with a variety of suite sizes available to accommodate diverse business needs. Currently, there is 12,141 square feet of vacant space, offering flexibility for businesses seeking immediate occupancy. Units range from a minimum of 660 square feet to a maximum contiguous space of 6,235 square feet, making it suitable for both small startups and larger established companies. The building features multiple tenancies, providing a dynamic and collaborative environment. Ample parking is available, with a ratio of 3 spaces per 1,000 square feet. The property is situated in Ada County, offering convenient access to Boise's vibrant business community and amenities. This high-quality office space presents a fantastic opportunity for businesses seeking a well-maintained and strategically located office in the heart of Boise's Southeast submarket. The zip code is 83706.

    Property Features for 250 Bobwhite Ct

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,378 SF
    Class
    B
    Total Rate
    57020.75

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 250 Bobwhite Ct, Boise, ID 83706 Contact us
    Unit Suite 200

    $20 /Mo

    Size
    3,155 SF
    Contact us
    Unit Suite 225

    $20 /Mo

    Size
    660 SF
    Contact us
    Unit Suite 240

    $20 /Mo

    Size
    2,091 SF
    Contact us
    Unit Combined Suite 240

    $20 /Mo

    Size
    2,751 SF
    Contact us
    Unit Suite - 300

    $20 /Mo

    Size
    6,235 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Pat Shalz
    Pat Shalz

    Learn more

    Property Insight Report

    HighLights

    • Class B office building totaling 33,378 square feet with 12,141 square feet currently available for lease.
    • Located at 250 Bobwhite Court, Boise, ID 83706, in the Southeast submarket.
    • Offers suites ranging from 660 to 6,235 contiguous square feet.
    • Features ample free on‑site parking (3 spaces per 1,000 sq ft) and building fiber.
    • Excellent location near Parkcenter Park, Lake, Barbacoa restaurant, Boise River Greenbelt, and Albertsons Headquarters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arthur Berry & Company Business Broker W.E. Gundy & Associates, ... Engineering Consultant Farmers Insurance - Lance ... Insurance Agency Farmers Insurance - Stephanie ... Insurance Agency Skinner Fawcett LLP Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.1837324
    Latitude
    43.5970321

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    FAQs

    What type of property is this?
    Office Property / Space - Premium Boise office space available.
    Where is this office property / space located?
    The property is located at 250 Bobwhite Ct Boise, ID.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Class B office building totaling 33,378 square feet with 12,141 square feet currently available for lease.; Located at 250 Bobwhite Court, Boise, ID 83706, in the Southeast submarket.; Offers suites ranging from 660 to 6,235 contiguous square feet.
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    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
    250 Bobwhite Ct Boise, ID 83706
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    We can help!
    Listing Contact
    Pat Shalz
    Pat Shalz
    Real Estate License ID: SP22764
    Learn more
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