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    11361 Overland Rd Boise, ID 83709

    Sponsored
    For Sale
    $198,208

    Prime Office Land, Boise, Idaho. Excellent Investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional offering presents a rare opportunity to acquire six contiguous parcels of land totaling approximately 24,776 square feet, ideally suited for office development. Located at 11361 W Overland Rd, Boise, ID 83709, this property boasts a strategic location west of the Fred Meyer store at the intersection of Overland Road and 5 Mile Road, ensuring high visibility and convenient access. The land is zoned for office use, offering flexibility for various development plans. Individual lot sizes range from half an acre to four acres, providing options for both smaller and larger-scale projects. The asking price is $198,208, translating to an attractive price per square foot of $8. All utilities are available on-site, simplifying the development process. Internal roads are planned for construction, enhancing accessibility and site functionality. Comprehensive due diligence materials are readily available for prospective buyers. Furthermore, this property can be combined with seven additional parcels, presenting significant expansion potential. A new high-density single-family residential development is slated for construction on adjacent flag lots in the spring of 2021, further enhancing the area's desirability and future value. The lease expiration date is December 31, 2024, with a remaining lease term of approximately 0.1 years. This presents a unique opportunity to secure a prime location for office development in a rapidly growing area of Boise.

    Property Features for 11361 Overland Rd

    General Information

    Property type
    Land

    HighLights

    • Six contiguous parcels totaling 24,776 square feet, ideal for office development.
    • Located at 11361 W Overland Rd, Boise, ID 83709, with high visibility at Overland & 5 Mile Roads.
    • Zoned for office use, with lot sizes ranging from 0.5 to 4 acres.
    • Asking price: $198,208 ($8/SF).
    • All utilities available; internal roads planned.
    • Potential to combine with seven additional parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Boise
    County
    Ada
    State
    Idaho
    Longitude
    -116.323879
    Latitude
    43.589956

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    FAQs

    What type of property is this?
    Land - Prime Office Land, Boise, Idaho. Excellent Investment.
    Where is this land located?
    The property is located at 11361 Overland Rd Boise, ID.
    What is the asking price?
    The asking price for this property is $198,208.
    What are key features of this property?
    This property features: Six contiguous parcels totaling 24,776 square feet, ideal for office development.; Located at 11361 W Overland Rd, Boise, ID 83709, with high visibility at Overland & 5 Mile Roads.; Zoned for office use, with lot sizes ranging from 0.5 to 4 acres.
    (208) 861-9909
    Request Owner's contact information
    11361 Overland Rd Boise, ID 83709
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    Boise, ID 83709
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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
    11361 Overland Rd Boise, ID 83709
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