Building Details

Year Built 1998

Buildings 1

Stories 1

Units 1

Tenancy Single

Listing Agency: Summit Commercial Real Estate Group

Listed By: Andrea Nilson · License #ID Show Phone

Source: Crexi

Added: May 24, 2024 Changed: Oct 1 Last Checked: Oct 5 at 6:01PM

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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

Investment Insights

Based on property information with market context.

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.

Key Highlights

• Large Building Size: 14,457 SF
• Ample Parking: 53 On‑Site Stalls
• Sizeable Lot: 1.79 Acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$198,813

Cap Rate

5.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,976,260 $4.0M

Cap Rate 7%

$2,840,186 $2.8M

Cap Rate 9%

$2,209,033 $2.2M

Market Conditions

NOI Build-Up for 14,457 SF

Gross rent

$277.6K $19.20/SF

− Vacancy

−$12.5K −$0.86/SF

EGI

$265.1K $18.34/SF

− OpEx

−$66.3K −$4.58/SF

NOI

$198.8K $13.75/SF

Area

Ada County, ID

Vacancy

4.50%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,976,260

Cap Rate 7%

$2,840,186

Cap Rate 9%

$2,209,033

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 authorities.

Property Analytics

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Current Use

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

Suggested Use

Top Pick Dental Office Restaurant Storage Facility Hotel & Motel Grocery & Convenience Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

802

Businesses Nearby

78k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 45% Shops & Services 31% Dining 19% Home Improvements & Furnishings 5%

Albertsons Groceries

27,545 visits/mo 0.2 miles

Burger King Dining

7,728 visits/mo 0.1 miles

State Liquor Store Groceries

7,308 visits/mo 0.2 miles

Jack in the Box Dining

5,834 visits/mo 0.2 miles

AutoZone Shops & Services

5,171 visits/mo 0.5 miles

Demographics for 83705, ID

27,756

Population

13,228

Households

2.1

Avg Household Size

35

Median Age

38%

College-Educated

93%

High-School Grad

16.2 sq mi

ZIP Area

1,713

Density / Sq Mi

$62,605

Median Household Income

$37,283

Median Earnings

$1,166

Median Rent

$378,800

Median Home Value

Market

Vacancy Rate% for Retail in Boise, ID

6.2% 2019

6.7% 2020

5.3% 2021

4.7% 2022

4.4% 2023

3.6% 2024

5.1% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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

Frequently Asked Questions

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