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    Retail Building with Drive-Through Title is generated by Realmo AI

    5005 Overland Rd, Boise, ID 83705

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    14,457 SF building on 1.79 acres with parking.

    Type:Retail
    Property size:
    14,457 SF
    Lot size:
    1.79 Acres
    Price / SF:
    $242/SF
    Added:
    May 24, 2024
    Days on Market:
    774
    Last Refresh:
    Jul 5 at 2:44 pm

    Property Features for 5005 Overland Rd

    General Information

    Standard status
    Active
    Size
    14,457 SF
    Lot size
    1.79 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1998

    We can help!

    Contact an agent
    LeAnn Hume
    LeAnn Hume

    Listing office Summit Commercial Real Estate Group

    Listing date May 24, 2024

    Source Crexi

    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 Summit Commercial Real Estate Group

    HighLights

    • Large Building Size: 14,457 SF
    • Ample Parking: 53 On‑Site Stalls
    • Sizeable Lot: 1.79 Acres
    • Drive‑Through Access (Former Rite Aid Tenant)
    • Pylon and Building Signage Spaces
    • Favorable Zoning: City‑of‑Boise MX‑3

    Overview

    The property features a 14,457-square-foot building situated on a 1.79-acre lot. It includes 53 on-site parking stalls, providing a parking ratio of 3.66 spaces per 1,000 square feet. Formerly occupied by Rite Aid, the property includes a drive-through, two pylon signs, and building signage spaces. The parcel number is R1580340040, and the zoning is City-of-Boise MX-3. The property is located at 5005 Overland Rd, Boise, ID 83705.

    Local Financial Insights For Specialty 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 $277.6k $19.20
    − Vacancy −$12.5k −$0.86
    EGI $265.1k $18.34
    − OpEx −$66.3k −$4.58
    NOI $198.8k $13.75
    14,457 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.84M
    $2.49M – $3.31M (±1% cap)
    NOI $198,813 @ 7.0% cap · market cap 5.68%
    Second Best
    Retail
    $2.62M
    $2.29M – $3.05M (±1% cap)
    NOI $183,239 @ 7.0% cap · market cap 5.24%
    Theoretical Best
    Office A
    $3.99M
    $3.49M – $4.66M (±1% cap)
    NOI $279,483 @ 7.0% cap · market cap 7.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rite Aid Photo (Bike/Boat/Book/etc) Store Glacier Water General Contractor Fatima Walizada Pharmacy Western Union Bank higi Physician

    Suggested Use

    Restaurant Dental Office Real Estate Agency Hotel & Motel Big Box & Wholesale Store Building Supply Auto Parts Store Storage Facility Discount Store Auto Repair Shop

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

    Similar Places Nearby

    • Walgreens Pharmacy — 4924 W Overland Rd, Boise, ID 83705
    • Lori A. Hockenberry, PharmD — 4924 W Overland Rd, Boise, ID 83705
    • Fatima Walizada — 5005 W Overland Rd, Boise, ID 837052633
    • Valerie Murray, RPH — 4924 W Overland Rd, Boise, ID 83705
    • Stephanie Worden — 4924 W Overland Rd, Boise, ID 837052821

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.244168
    Latitude
    43.5892872

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    FAQs

    What type of property is this?
    Drug store - 14,457 SF building on 1.79 acres with parking.
    Where is this drug store located?
    The property is located at 5005 Overland Rd Boise, ID.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Large Building Size: 14,457 SF; Ample Parking: 53 On‑Site Stalls; Sizeable Lot: 1.79 Acres
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing LeAnn Hume
    LeAnn Hume
    Real Estate License ID: ID DB28514
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